Did DB and the Price Action Scribblers Throw in the Towel?

Surf is a failed TA trader in his own words. Most that have failed at it will say that it simply doesn't work and then will back their statements with publications of other failed TA traders. Of course, TA on its own is not too worthy, pair it with money management and it can if one is willing to dedicate the time learning the skill. Price Drivers without money management would fail, definitely will.

Trading is very similar to lending capital to entrepreneurs, some will fail, some will make it.

MONEY MANAGEMENET
 
londonkid said:
You are very wrong. A chart can tell you where larger traders are likely positioned this information is very valuable. Once you have a grasp on their MO you can gain an edge that would amaze you. Note that just because a larger trader might not use a chart to trade this does not mean their footprints will not be left on a chart.
More...

How does a chart show you where larger traders are likely positioned and if it did, how does it tell you what they will do next?? This all sounds good and attracts the noobs, but in real life its useless.
 
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Since you trade stocks, comparing performance to an index is appropriate. Have you beaten the S&P500?

If you copied David Goodboy's ratings since 2012 and opened each position for the duration of
1 Year
, then61% of your transactions would have been profitable with an average return of +7.6%.
 
Visaria said:
Since you trade stocks, comparing performance to an index is appropriate. Have you beaten the S&P500?

If you copied David Goodboy's ratings since 2012 and opened each position for the duration of
1 Year
, then61% of your transactions would have been profitable with an average return of +7.6%.
More...

No ,not with stocks-- I just beat my competition. surf :)
 
These types of threads are such a waste of time. The little dialogue that somehow manages to take place is mostly drowned out by boorish posturing.

When you take the time to think about it, regardless of your position in the matter and provided that it is serving you well, shouldn't you be thankful that other people disagree with you? What happens when everyone is in alignment in the markets?

And why is this thread in the Psychology forum?
 
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There are many ways to skin a cat. No need to put down one method just because it doesn't work for you. I reckon there are many different methods that work in all kinds of markets. One has to find a method that suits one's temperament and circumstances. I would think that most really successful traders would not feel the urge to visit forums like this and advertise their success.
 
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