Quote from MarketOwl:
Trading is only hard if you think like the average investor or trader. If you come in to trading and just observe the markets for a year, you start noticing patterns. Pattern recognition skills is probably the most important trait for a trader. After that, it comes to pulling the trigger and determining what your target exit point, win or lose. Target can be time or price based, or for the better traders, determined by feel.
Quote from whoisjohngalt:
It's really rare to see a good thread go on well without being a flame / troll fest. (Well... you don't see guru or some dumb vendor posting some dumb reply attracting the trolls) Anyways... I'll add a bit more hoping that it will continue as a great thread...
Quote from bwolinsky:
Coming from a 5 post total alias, it doesn't surprise me.
Pattern recognition is in prepatory materials in the CFA Curriculum.
The question goes:
The best way to form a sound investment basis includes:
A)Building the efficient market frontier and purchasing a pareto-optimal portfolio
OR
B) Investing based on patterns and the skills needed to spot trends through price and volume charting.
Can <i>you</i> guess what the wrong answer was?
LOL.
Quote from talontrading:
I'm not too excited about relative returns. I think it's one of the great scams of the industry. "Well the bad news is we lost 18% of your money this year but the good news is we outperformed the S&P 500 by 25 basis points."
Quote from bwolinsky:
Yes, you've proved my point very well. You are now discredited as an obvious charlatan with no real financial experience. That's about all I needed.