May I suggest you would have a better vacation if you avoid arguing about technical analysis on a trading site until your return?
There's always down time in the hotels. I still run my business while I'm gone too.
How can you even claim that technicals matter?
- Thread starter farmerjohn1324
- Start date
There's always down time in the hotels. I still run my business while I'm gone too.
At least 40%.
It depends if I can find something that I actually know will yield results over time. I know that I won't be able to watch charts all day. But I could possibly enter positions ahead of data releases or something? I'm willing to tweak the strategy.
What about setting up trades around data releases? Either economic data or company earnings. But something like...
If unemployment is higher than expected, it would be a larger surprise than if it remained stable or the rate dropped slightly?
So a win would be a big win... A loss would be a slight loss.
Or for example, "betting" (guessing) that TSLA earnings would beat expectations. Imagine if I had a bunch of call options on TSLA with all that leverage the other day when it rose 11%.
Last edited:
Of course not.
But from my perspective, I'm trying to make sure I don't spend lots of time and energy on something fruitless.
Part of me just wants to make random longer-term bets on hunches I have.
For example, I've always thought that the fears over Brexit were based on nothing. So perhaps the GBP is artificially depressed.
So I could take $10,000 that I can afford to lose and put it on the GBP. Then I would just need to know which currency to pick against.
For example, I've always thought that the fears over Brexit were based on nothing. So perhaps the GBP is artificially depressed.
So I could take $10,000 that I can afford to lose and put it on the GBP. Then I would just need to know which currency to pick against.
TA works. It's math. No question. But not in a vacuum. All the TA in the world won't help if you can't/don't accept uncertainty. And understand expectancy as opposed to win rate. And learn to deal with decision fatigue. And... and... and...
All of which takes time to grow into.
Awk... gambling. There are long discussions on it as traders. Most consistently profitable traders I know personally don't think of what they do as gambling. Although they would not argue with anyone about it -- not worth their time (other than to pass time on ET!)
.
But everyone knows you can gamble as a trader. Over time gamblers lose.
This is what George Soros did. He made longer-term bets on what he thought would happen. He won more than he lost because his logic was accurate, I suppose.
But yes it is gambling to me. But I also haven't seen any way to make other strategies seem less like gambling.
