Prove to me that Technical Analysis Works.
- Thread starter TazTheLaz
- Start date
Hello TazTheLaz,
Good discussion,
I believe fundamental and technical analysis give the retail trader more information to make intelligent business decisions.
We all taking the information from fundamental and technical analysis and make a great educated/intelligent guess.
Everybody just doing the best they can with what they have.
In the 2 to 4 months you have been working this new strategy, what % are you up so far?
Hello easymon1,
Great simple questions. I love simplicity.
WHY?
the bars going up and down in real time. They never lie to me.
Trading education/books and trader teachers are the biggest liars in the world, the price have not FOOLED or SCAM me yet or send me down 20,000 rabbit holes trying this and that.
It is pretty simple once you think about and get rid of all the bullshit and just stare.
Let me know if you have any other question please.
Yes, one question springs immediately to mind...
For what it's worth, You say you love simplicity, but you complicate your answer with shit everybody already knows.
Why do you include that information repeatedly in your responses instead of saying #1, see below. aka, Believe None of what you and hear, half of what you see, trust but verify every gd thing important to you.
e.g. to the point...
The Prison Numbers
A man is sent to prison for the first time. The first night there, after the lights in the cell block are turned off, he immediately sees his cellmate going over to the bars and yelling, "twelve!" The whole cell block breaks out laughing. A few minutes later, somebody else in the cell block yells, "four!" Again, the whole cell block breaks out laughing. "Why are you guys just yelling numbers?" He asks his cellmate. "What's so funny about random numbers?" "Well," says the older prisoner, "They're not random. It's just that we've all been in this here prison for so long, we all know all the same jokes. So after a while we just started giving them numbers and yelling those numbers is enough to remind us of the joke instead of telling it." Wanting to fit in, the new prisoner walks up to the bars and yells, "SIX!" But instead of laughter, a dead silence falls on the cell block. He turns to the older prisoner, "What's wrong? Why didn't I get any laughs?" "You didn't tell it right."
https://www.ba-bamail.com/jokes/crime-and-prison-jokes/?jokeid=740
Why, you ask? Let my girl fill you in...
Hello Illini Trader,
I am about breakeven overall. But today was great.
It is not a strategy or method. Basically taking a good guesses long or short in real time.
Hello easymon1,
There is no magic to it. I stare at the chart for 1 hour per day and take a good guess(s) to buy long or short, and exit per my rule. Repeat the next day.
Yes it is simple, I know. It fits my core belief trading theory.
How many trades did you make today? Are you using a good simulator that buys the asking price and sells to the bid on market orders so that you are getting realistic results?
Having a "core belief trading theory" and staring at the chart "and take a good guess" seems totally contradictory. How can you reconcile these two opposites?
That dude is just gambling trading -- As-is Most people, traders, are,
He's lucky to be at break-even, and not at a noticeable loss. Which is the inevitable direction he is heading,
Everyone who enters the casino technically gambles. But the best ....gamblers...in the world understand the game, and its variables and elements, and how they approach, understand, expect and tackle the market game,
A trader can't just devote an hour or two to this game. They have to watch it completely from market open to market close. And be prepared to place those trades when the opportunity and signs lines up with your assumptions and hypothesis,
Trading for just an hour or two can leave a ton of money on the table, and force you to compress everything, and implode your brain and account,
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