Sunny Harris interview about her 4 decades long trading experience

[M.W.]

Be careful, you disagreed with Pekelo right there. You might be put on ignore at a moment's notice

What I found strange, she's a mathmatician and watches charts the whole session and speaks of moving averages.
1+1<>2 here.

 

[semperfrosty]

I saw the first video only. Interesting enough, but I have a couple reservations. First, she said she works 14 hours a day (as she approaches her mid-70s!), and marks and studies charts for hours a day, but also notes how accurate her dynamic MA and Sunny Bands are and how easy they are to use. That doesn't quite compute for me. Also, any reference to Fibonacci numbers just generally makes me cringe a bit.

As an aside, I have one of her books, I believe the first one. I bought it many years ago on a whim, but it is probably somewhere in storage, as it didn't make it to my bookshelf. I vaguely recall a cow and a blackboard on the cover. Really.

Hey Fred,

What about fib puts you off?

I personally cant get it to give me a hint,apart from 50% which is not sacred to fib obviously.

 

[destriero]

Math PhD. uh huh.

 

[destriero]

Hey Fred,

What about fib puts you off?

I personally cant get it to give me a hint,apart from 50% which is not sacred to fib obviously.

this

 

[Frederick Foresight]

Hey Fred,

What about fib puts you off?

I personally cant get it to give me a hint,apart from 50% which is not sacred to fib obviously.

It’s a bit too mystical for my taste. I don’t think Fibonacci himself ever thought his number sequence would be used to “predict” human behaviour. My guess is he probably would have had a good laugh. The other thing is that there are apparently so many different fib “levels” that price can’t help but eventually trip on one of them, thereby convincing aficionados of their efficacy. (About as useful as highlighting just about every passage in a book.)

 

[themickey]

lol he's there a few months of the year. He also owns homes in Laguna Beach and Malibu. Other homes here and abroad. Dude owns a Gulfstream....

I wasn't aware of that. I thought the old bugger was frugal.

 

[M.W.]

F hilarious

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[Laissez Faire]

Ridiculous. The second you see "limited time offer" in bold red and colorful text selling a strategy you know 100% where you landed.

Exactly. Those "grab them while you can" limited offers really sets of every single alarm bell and snake oil seller alerts I can think of...

Those two that you mentioned, do they sell books, Tshirts, and post cards? I highly doubt that.

No. As far as I can tell, they're not really selling anything. FWIW, I don't follow them, though, and haven't looked into them in detail.

 

[Laissez Faire]

Anyhow, I am listening to this interview, and so far she is my new hero. She retired at 30!!! (from the software business) She has her own indicators, she trades live every Tuesday mornings, etc. One smart cookie:

Yes. If I recall correctly from the interview I heard - she had a windfall profit from selling her business or some other business deal? So, retiring at 30 not from trading profits for sure.

Now, it's possible she's the real deal and actually makes money from her trading operations and/or have good things to teach. I'm just saying that when I see someone who's obviously also a vendor charging really high prices with cheesy sales tactics I'm really, really skeptical.

 

[Pekelo]

Now, it's possible she's the real deal and actually makes money from her trading operations

She said she makes 2K on average per day and she is happy with 500K a year. I think she has a huge drive to be active and do something during the day, thus the trading, books and mentorship, etc.

My criticism would be this: If you have a programable strategy (I think she does) and you are a software engineer, why not just let the program trade for you, and you can do something else instead of looking at the screen for hours? You would think after 4 decades, that is getting old.

Also, printing out charts at the end of day is so 90s....But whatever makes her happy.

And I think her Sunny Bands are pretty much just Bollinger Bands. I was surprised she didn't get the psychological problems of trading. It is nice that she doesn't have such problems, but she wasn't even getting that for others it can be a huge deal.