Pabst Article On Yahoo Finance

Quote from killthesunshine:

i dunno what's your therapist think?
And what would your therapist say about your avoidance, since you responded to my post without answering the question. Specifically:
Quote from Thunderdog:

...Tell me, KTS, if you have been trading for a while and have already read some trading literature, what have you learned from Pabst's article that you did not already know?
 
Quote from Thunderdog:

I have made it clear both in this thread and others that I have no intention of sharing original (proprietry) content. What I am doing is simply identifying generic content for what it is. Tell me, KTS, if you have been trading for a while and have already read some trading literature, what have you learned from Pabst's article that you did not already know?

Nobody in his/her right mind woud ever share "proprietary" material with anybody else. Speaking for myself, you go through years and years of hard work to find the few edges that work.
Sure, I've read interesting stuff but nothing that was radically cutting edge or that had a profound effect on my trading. I've come to the conclusion that most (I want to say all but that sounds too pedantic) of the published and printed work out there is hogwash -regurgitated cliches and platitudes.
This sounds cliched but I've got to say it: You have to wander through the desert on your own with parched and cracked lips until you find the oasis.
 
Quote from ak15:

...I've come to the conclusion that most (I want to say all but that sounds too pedantic) of the published work out there is hogwash -regurgitated cliches and platitudes...
That was the main point of my first post in this thread.
 
Quote from ak15:

Nobody in his/her right mind woud ever share "proprietary" material with anybody else...
Now if only killthesunshine could understand that point...
 
traders by their very nature should be libertarian or even anarchocapitalist. the socialist content of this board tells me that most here are not true traders but rather wage slaves who still need and demand the nanny state. i don't agree with pabst on some of his philosophies, but i defend his right to say whatever he sees as truth.

Pabst is a true trader to the core.


surf
 
Quote from marketsurfer:

traders by their very nature should be libertarian or even anarchocapitalist. the socialist content of this board tells me that most here are not true traders but rather wage slaves who still need and demand the nanny state...
In addition to your flaming non sequitur...
Quote from Brandonf:

...you come off as a snotty...
 
Quote from marketsurfer:

traders by their very nature should be libertarian or even anarchocapitalist. the socialist content of this board tells me that most here are not true traders but rather wage slaves who still need and demand the nanny state. i don't agree with pabst on some of his philosophies, but i defend his right to say whatever he sees as truth.

Pabst is a true trader to the core.


surf

Now that is most certainly pedantic in my book.:)
 
I have a proprietary method of identifying support and resistance.
It's the ONLY thing I do technically. Although I follow a million things from p/c ratios to market profile- my levels themselves are generated from a single methodology. Certainly other traders here use similar stuff-Landis being of them. Out of the dozen or so people over the years I've shown my work to-exactly ONE has shown any interest. Brandon is correct-people would buy shit if it's easy to understand but my stuff is a BITCH to implement and it doesn't produce a glut of tradable signals. To a bright well capitalized trader it would be worth a ton to most people it's worthless.

At the end of the day 75% of trading is how you bet and 25% the price levels you're involved at.

Quote from ak15:

Nobody in his/her right mind woud ever share "proprietary" material with anybody else. Speaking for myself, you go through years and years of hard work to find the few edges that work.
Sure, I've read interesting stuff but nothing that was radically cutting edge or that had a profound effect on my trading. I've come to the conclusion that most (I want to say all but that sounds too pedantic) of the published and printed work out there is hogwash -regurgitated cliches and platitudes.
This sounds cliched but I have to say it: You have to wander through the desert on your own with parched and cracked lips until you find the oasis.
 
Nice work Mr. Prime!

Quote from Thunderdog:

That was the main point of my first post in this thread.


You know I like you tdog, but I'm not sure what the problem is...

Yahoo Finance doesn't exactly publish earth shattering articles. I think the big hoopla about being published on yahoo has more to do with the sites popularity than its content. After all, I don’t recall any authors on yahoo winning the Nobel Prize or even the Jensen Prize for that matter. If that’s what you’re looking for, I’d open up the Journal of Finance or something similar…
 
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