If you had to do it all over again.......

[justrading]

That's why my mentors are PhDs who actually trade. Good points otherwise. Surf

Well, the academics at LTCM had even more illustrious backgrounds, and they were providing a 'foundation' for real trading.

Bands have groupies, F1 has pit lizards, don't be the equivalent for academia.

 

[dbphoenix]

DB, I have a question. While I'm not new to TA, I have a lot to learn and your following quote confuses me, and I'm sure would confuse others: "TA is not the use of past price and volume to make predictions about future price".

Maybe I'm misreading, but, what about "measured moves" and should price targets based on supply/demand (TA) be thrown out? Thanks.

I'm flattered that this is only your fifth post in six years and you directed it to me, but I don't want to participate in taking this thread even further off track. If you'd like to post your question someplace else, I'd be happy to answer. Maybe somewhere in Technical Analysis? Or Trading?

 

[marketsurfer]

Well, the academics at LTCM had even more illustrious backgrounds, and they were providing a 'foundation' for real trading.

Bands have groupies, F1 has pit lizards, don't be the equivalent for academia.

Greed can be the downfall of everyone. In addition, being forced to maintain a top ranking as a fund or whatever due to an overly competitive spirit is dangerous.

 

[marketsurfer]

Well, the academics at LTCM had even more illustrious backgrounds, and they were providing a 'foundation' for real trading.

Bands have groupies, F1 has pit lizards, don't be the equivalent for academia.

LOL. My wife is a financial academic and world renowned in a particular niche. Maybe i am a little bias-----but what else is real outside of uour own account in this biz???

 

[justrading]

LOL. My wife is a financial academic and world renowned in a particular niche. Maybe i am a little bias-----but what else is real outside of uour own account in this biz???

If you are a fan of your wife, that is entirely understandable. I am very attracted to successful, accomplished women, those I can really respect, so I won't argue that.

And yes, in this business money talks, bullshit walks.

 

[briana]

I'm flattered that this is only your fifth post in six years and you directed it to me, but I don't want to participate in taking this thread even further off track. If you'd like to post your question someplace else, I'd be happy to answer. Maybe somewhere in Technical Analysis? Or Trading?

Thanks. See the "new to TA" forum. Seemed appropriate.

 

[Pigsky]

in reality what these guru teach is no worse than any vendor stuff, so I don't care if they want to teach people.....

but can't help have some fun with all the claims of no drawdowns and non-stop moneymaking..... no trader does that unless they do something shady... Just imagine if you made money nonstop.... especially in most liquid markets out there allowing size increases easily..... what would the equity curve look like??? Parabolic!!!!

 

[Roscoe]

Great answer! Thanks Roscoe! I'll look into Vince. Not sure I'm game to go back to college to take a Stats course though.....My math days ended in college algebra

My pleasure, glad that it helped. College won't be of much use though: this is the real world. I learned my stats from a variety of sources, online and in books. You can educate yourself much more efficiently.

 

[Magna]

This thread has been cleaned up of the personal attacks. Let's please stay on topic and keep the snarky personal stuff out of it. Thanks.

 

[Roscoe]

Guys, please knock off the personal attack BS already: this as a thread about "If you had to do it all over again". Nobody cares if you don't like some other poster and we certainly don't want to hear about it endlessly. Back on track please.