Edward O. Thorp on charting

Or holding on thru the drawdowns. Sooner or later that will take a big chunk out the part of the body one sits on. LOL THE ONLY THING THAT IS TRUE IS PA. All the rest is mumbo jumbo..speculation...dreams...wishes..exercises in vanity..ego building...and of course some is just plain stupidity. Good fundamentals don't necessarily mean PA will head north. Example, experts been screaming the market is overvalued. Markets will crash if mr T wins the election...A huge correction is coming! A crash is coming! Something is out of kilter fundamental wise. The teapot is gonna crack....ad nauseum. Well, it probally will ...ONE day. But, in spite of all the dire predictions the market marches up and up and up. Did I forget to say UP? So, I could care less "why" it is going up. I don't need to know the reason. All i need to do is "see" is that it is going up and up and up. Did I forget to say UP? PA tells me what it is doing. I can see that. And if the crash comes tomm i will see that too. It is there. Visible for all to see. Victor must have closed his eyes?? Did he? Did i ask if he closed his eyes?


Hmmmm, name one major or really any fund manager who credits the Price Action wizard with their success? I bet that you can not. I can name 7 hyper succesful hedge fund managers who credit VN for their success....and there are 5 or more additional if I did the research--

See that is the difference between dealing in reality and living in fantasy land.....

PROVE ME WRONG.

surf
 
Hmmmm, name one major or really any fund manager who credits the Price Action wizard with their success? I bet that you can not. I can name 7 hyper succesful hedge fund managers who credit VN for their success....and there are 5 or more additional if I did the research--

See that is the difference between dealing in reality and living in fantasy land.....

PROVE ME WRONG.

surf
Wonderful. Good for them. How is VN doing? He must have had his eyes closed..or his mind?

Remember OLE Jesse? He played PA. HOWEVER samathing. Eyes closed. Broke again. What was it 4 times? So...many have made it trading PA. Many have made it trading fundamentals. Bottom line they all fail when they close their eyes to the truth of the tape. The tape is the ONLY thing THAT IS true! The chart represents the tape. Hence the chart is always true. Fundamentals can be a lie. Or they can be true.
 
You forget the years of outsized returns-- snd the dozen plus $100 million plus AUM managers who came from his mentorship. this is verified-- unlike the price action wizard.

I guess if I got my info from the NewYorker, I would think same as you. Lol!

surf
Yup and Mike Tyson was Heavyweight Champion of the World until he started biting opponents ears. "Coulda been a contender".

You and Victor, always looking for the same - adulation.
 
Surf uses Bollinger Bands haha

Price appears to be consolidating for the next move down which we expect to take out the 20700 level---

Bulls, sorry to say, but the model says short-term upside is over--- but do not despair this potentially dramatic pullback will make a great buy opportunity--- we are not changing the bullish bias on the YEAR.

surf

View attachment 171112
 
No its from the Tony Robbins book that you said its the best ever. So apparently you didnt read the book
%%
I remember that chapter,[ 200 dma] part of it anyway. AND some of his 1980 stuff is still good; do NOT over-trade. FIRST time i read that ==i mistook it for warning against frequent trading. Actually PTJ meant do NOT trade to big/play macho man with the market LOL, like his early BIG cotton trade he never forgot...................................................................................................
 
%%
Thanks for the charts; overall still looks like he is dong well above average, 26%, depending on when time measure STARTS......................................................................
 
Back
Top