Quote from konviction:
Oh, so one can't make money with indicators?
Correct. Show me a profitable method that uses indicators and I will withdraw my claim. An actual profitable method, not some vague, ambiguous bullshit method that is like "oh look, here it works, but there it didn't work, but (in hindsight) I didn't take that second trade because of blah blah ambiguity" like the TA "gurus" always use. "oh shit, my method didn't work, I better make up an excuse about why I didn't take that trade so I can retain my guru status and keep my subscribers."
And so are 99.9% of the traders on et who give advice. If I'm stealing your spot light, dare I say..."contribute something useful. "
Not disagreeing there, but some people are worse offenders than others.
I contribute tons of useful info. I laid out a complete system (the
only profitable and non-vague, non-ambiguous system, where
every possible outcome is laid out and established
before ever entering the trade, unlike every other "fib guru" who, in hindsight, claims that fibs are "predictive") for trading using your precious fibs.
Good job being elusive showing my pnl from January, and not february. A few down months has no bearing on one's long term pnl as a trader. You should no that. Guess not.
I cut and pasted the most recent PnLs that I saw in that thread. I figure the
most recent YTD PnL was the most accurate.
I made over $5k last week and $4k this week (in an approx. $50k account if you care about percentages) using less than $10k in margin. No ambiguity, no vagueness, no excuses. I posted every trade (live calls and screenshots where I could) and PnL statements for every day.
How did your "fib gurus" do? How many excuses did they make in hindsight about why fibs worked sometimes and not other times? How many direct, specific questions did you ask them that were answered with vague, ambiguous magical-guru-speak drink-the-koolaid bullshit fortune cookie answers?
