Surf's Special Situation Journal

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Quote from R. Raskolnikov:

The "experts" don't always have the right answers

http://www.forbes.com/2010/08/23/science-proteins-foldit-technology-breakthroughs-crowdsourcing.html
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The diference is these guys are also hands on practioners-- heck, Dr. Brett counsels PTJ and his team on trading--as well as trading his own account for years....

Here's another thing-- EVERYONE i know who has made real big bucks trading DO NOT believe in TA as a decision making tool. The only folks who push it, are people selling it, or anonymous message board posters with lots of words but no evidence,

I'll stick with the evidence. surf

PS- time to get to work, see everyone later!
 
How is this any different than the article I posted? The super scientist protein modelers are hands on practitioners yet releasing the problem of protein folding into the "crowd" , via a game, has shown that, in places where you may not suspect results, superior results are found.

Always keep in mind that even the top experts are limited in what they can accomplish. It may not have anything to do with intelligence, sometimes dumb trial and error can lead one to great discoveries that the "experts" never arrived at through their own specific methods.

Quote from marketsurfer:

The diference is these guys are also hands on practioners-- heck, Dr. Brett counsels PTJ and his team on trading--
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Quote from R. Raskolnikov:

How is this any different than the article I posted? The super scientist protein modelers are hands on practitioners yet releasing the problem of protein folding into the "crowd" , via a game, has shown that, in places where you may not suspect results, superior results are found.

Always keep in mind that even the top experts are limited in what they can accomplish. It may not have anything to do with intelligence, sometimes dumb trial and error can lead one to great discoveries that the "experts" never arrived at through their own specific methods.
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It's possible-- however, I have not seen the evidence of TA working only hearsay, claims and other nebulous things.

I have seen great wealth earned in the market by folks who do not believe in nor use TA.

Time to get to work, see you later!

surf
 
If you define real big bucks as, say 10k/day (for arguments sake), does that mean those who use TA and earn 4k/day (for arguments sake) aren't successful?

I'm not sure why you are bringing up that relative term "big bucks" again since you clearly didn't like it when I brought it up earlier :p

Quote from marketsurfer:



Here's another thing-- EVERYONE i know who has made real big bucks trading DO NOT believe in TA as a decision making tool.
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Didn't the trader who uses TA, AustinP, do well in that combine? I do not follow the thread closely but did catch a post or two concerning this.

Quote from marketsurfer:

It's possible-- however, I have not seen the evidence of TA working only hearsay, claims and other nebulous things.

I have seen great wealth earned in the market by folks who do not believe in nor use TA.

Time to get to work, see you later!

surf
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Quote from marketsurfer:

With that said, why do you think psychs like Dr. Brett and statistic and economic PhD's like Nied&hoffer don't put any credence in TA? These folks have worked with 100's of traders and are hands on practioners--- how about James Altucher? He is very anti TA--

why do you think this is?

surf
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That's an interesting question indeed. Maybe they have different standards i. e. they only consider a trading method serious if it stands 100% objective and mechanical testing. I've heard institutions tend to stick to this standard, because relying on personal trader's abilities doesn't allow them to calculate risks and other criteria objectively.

I on the other hand am not constrained by these limitations just like NoD is not or any other private trader. We do just what works for us and this "what works" was picked through the process of trial and error aka natural selection. Why particularly TA? Maybe because of personality traits (more visual persons able to spot patterns better) maybe something else, I don't know.

I only know one thing for sure: TA works for me. And yes, of course I tried random entries with the same money management. Result is not the same. :)

How would you explain that?
 
Quote from marketsurfer:

Yeah, I don't disagree, well stated. I am part of an educated circle of market practioners here on the east coast US-- i am one of the few without a PhD or heavy credentials--- You ever make it to NYC, I'll be happy to introduce you-- unless you are afraid of having your mind opened about the reality of TA. surf:D
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Will be a pleasure for me. :)

I have nothing against criticism, even the opposite, it helps me whether I don't delude myself.
 
Quote from marketsurfer:

It's possible-- however, I have not seen the evidence of TA working only hearsay, claims and other nebulous things.

I have seen great wealth earned in the market by folks who do not believe in nor use TA.

Time to get to work, see you later!

surf
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Surf, I posted 50+ live 3rd party verified TA trades track record with an average profit factor of 1.7. How is that not an evidence? :)

Have a good day!
 
I think the central limit theorem states that 30 or more constitutes a large enough sample size so, yes, 50+ works! That's evidence enough for me, not that I need any evidence. I already know that TA, properly applied, can work :)

Quote from cornixforex:

Surf, I posted 50+ live 3rd party verified TA trades track record with an average profit factor of 1.7. How is that not an evidence? :)

Have a good day!
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