Are tradingview strategies waste of time?

[murray t turtle]

I consider Bill O'Neil required reading for the casual investor. I subscribed to IBD for years...great stuff. Of course trading and especially day trading is a whole other thing. Do the work or it's one's account balance that flies South.

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I liked his[ IBD newspaper] red white + blue charts/ even though he NEVER put open price on any of his daily\weekly charts...........................................................................YEARS later,, WSJ later puts a 65 day moving average on their candle charts.
I like a 50 dma \65 dma is too little to late for me . 65 dma may work well on DOW + help sell newspapers, so ok by me if they do

 

[themickey]

Wrong! 100% of the strategies work. If they did not work, they won't be on internet.

Is like saying "News media talking heads opinions on markets is correct, if they weren't correct they would not be reporting".

 

[murray t turtle]

Is like saying "News media talking heads opinions on markets is correct, if they weren't correct they would not be reporting".

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Talking snake media\most of them.
Spitting cobras/ remember to wear sunglasses some times

 

[indicator777]

I can give someone two strategies that have consistently made money for many years but they will probably fail because having a strategy and following a strategy are not equivalent. Only irrational people will put a winning strategy in a forum so by definition the strategies are irrational. Do your homework. It takes more than 10 years to come up with a good strategy for most people.

 

[themickey]

It takes more than 10 years to come up with a good strategy for most people.

..... largely a result of not knowing what you want imo.

Explanation: Noobs in trading are tossed emotionally from pillar to post due to lack of knowledge, information and experience (obviously).
Not knowing what you want (besides knowing you want to make money) creates conflict as markets morph.
The conflict makes one try this, that and everything else, it takes years to settle down.
Young people especially have too much energy and optimism which grates against successful trading.

Trading is simple, once you know how.

 

[deaddog]

Trading is simple, once you know how.

Study the reasons that traders fail. Then don't do that!!

 

[themickey]

Study the reasons that traders fail. Then don't do that!!

Study failed traders rather than winning traders?
There's only a certain amount of hours in a day.
What about just studying how markets behave, ignore the mainstream media when it comes to their opinions because that's more wasted time.

 

[deaddog]

Study failed traders rather than winning traders?
There's only a certain amount of hours in a day.
What about just studying how markets behave, ignore the mainstream media when it comes to their opinions because that's more wasted time.

Yup; Figure out why they failed.

If I asked you the five top reasons that traders failed and a new trader starting out didn't do any of those 5 things don't you think they would be much more likely to succeed.

Can't argue with ignoring the mainstream media.

 

[themickey]

Yup; Figure out why they failed.

If I asked you the five top reasons that traders failed and a new trader starting out didn't do any of those 5 things don't you think they would be much more likely to succeed.

Can't argue with ignoring the mainstream media.

Won't argue with you because I agree with your premise, the problem is traders don't like disclosing their failures.
Failures are complex and usually involve many aspects, same with winning traders.
Putting together the puzzle takes many avenues.
But the idea of studying failure is sound (but not easy) it reminds me of the trading principle; watch your losses and winners will take care of themselves.