Technical Analysis = CRAP
- Thread starter Frits
- Start date
- Status
Erudite
Quote from Fireplace:
Thanks. My knowledge comes from the mkt, your from the mkts, to someone else and then to you. I cut out the middleman
I'm not arrogant enough to believe that I know more than those who have PROVEN their ability and talent in the market. The result of this ability is great wealth, not eeking out a middle class income or living off your trust fund/ inheritance/ business sale/profits and calling yourself a trader so others don't get jealous.
When I have substantial evidence that a trader achieved consistent and scalable results, I'll pay attention. Only losers or those soon to join their ranks would say otherwise.
Surf
But you are plenty arrogant enough to claim that all TA is worthless when you have only a teeny tiny fraction of actual experience. TA is so vast, and it's applications are almost unlimited. For you to think you 'know' that it's crap is laughable.....I mean seriously....I cant stop chuckling at the thought of a 'hobby' trader pounding his chest that he has all the answers!
Oh, and all the books and research you've read and done has gotten you really far in the trading world....LOL...you can't even trade full time! Maybe you ought to look in the mirror and have an honest conversation with yourself about that? Lucky for you, a person can still 'eek out a middle class living' by writing about the mkts from the periphery
Oh, and all the books and research you've read and done has gotten you really far in the trading world....LOL...you can't even trade full time! Maybe you ought to look in the mirror and have an honest conversation with yourself about that? Lucky for you, a person can still 'eek out a middle class living' by writing about the mkts from the periphery
Surf, I apparently phrased this improperly. Be aware that I am not piling on, I am asking this with the greatest of respect.
If I had a personal friend who traded under Soros and who has made centimillionaires, I would be counted as one of them for sure. I would do whatever it took to learn his craft short of same sex sexual favors.
You have a friend like this, yet you are hobbyist. Why are you not a centimillionaire by this point? Would Vic only teach you so much?
As I said previously, I have no interest in trading professionally right now. I have traded professionally several times in the past for both a prop option firm and 2 hedge funds. The edge ended in prop options, I was fired from the first fund after being down 3% and issues, the second funds main investor pulled out after the first year despite great returns and the fund folded. The lifestyle of a stay at home trader doesn't hold much attraction for me currently. It may once again in the future but not now.
Most Everyone has a fatal flaw-----That's all I will say
Surf
Vic's fatal flaws are pretty well documented, and I am sure many more are undocumented. Talent is always difficult to work with professionally, but they can be the greatest of people away from what they do. Kudos for your straight-forward and honest views, however flaws I think they may be.
- Status