Technical Analysis = CRAP

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Quote from marketsurfer:

My brother, an objective system should be removed from psychology issues. Unless there are serious wealth wounds with the users and/or terrified money--- this psych stuff like I have read in this thread---doesnt make sense to me.
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The best fully objective manual system in the world can be effected by a person's mental make up. (Now if a computer trades it, it won't matter)

Sort of on the order of a full grown person being terrified of an itty bitty mouse. Once they overcome the block they are OK.

You have a block against ANY TA and with your experiences, that is totally understandable. It will take a lot for you to overcome that block, regardless of what testing my stuff results are. If the results of my stuff are great and you tested it for even 6 months, you would still have a hesitation in trading it. That is just you. That is not a slam, that is just fact.
 
Quote from ProfLogic:

The best fully objective manual system in the world can be effected by a person's mental make up. (Now if a computer trades it, it won't matter)

Sort of on the order of a full grown person being terrified of an itty bitty mouse. Once they overcome the block they are OK.

You have a block against ANY TA and with your experiences, that is totally understandable. It will take a lot for you to overcome that block, regardless of what testing my stuff results are. If the results of my stuff are great and you tested it for even 6 months, you would still have a hesitation in trading it. That is just you. That is not a slam, that is just fact.
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I traded professionally and non professionally since 1990, I disagree. Yes, if you are trading with scared money or have wealth wounds-- you will have issues no matter what. Otherwise, going in with the right attitude-- taking the signal when it fires-- it's all very mechanical. I traded option Arb for 2 years-- true 95% winners for small amounts every trade-- no issues pushing the buttons. Either you believe in the system or you do not. Trading is no place for those with issues in decision making or afraid to lose

My not believing you or any objective TA is that I have never seen it work consistently--show me and I'll embrace it.
No wonder you guys have such problems in the market and counteract it by the phony bravado on this site.

Surf
 
Quote from marketsurfer:

I traded professionally and non professionally since 1990, I disagree. Yes, if you are trading with scared money or have wealth wounds-- you will have issues no matter what. Otherwise, going in with the right attitude-- taking the signal when it fires-- it's all very mechanical. I traded option Arb for 2 years-- true 95% winners for small amounts every trade-- no issues pushing the buttons. Either you believe in the system or you do not. Trading is no place for those with issues in decision making or afraid to lose

My not believing you or any objective TA is that I have never seen it work consistently--show me and I'll embrace it.
No wonder you guys have such problems in the market and counteract it by the phony bravado on this site.

Surf
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I've worked with hundreds of traders and investors. Some with no money worries and others trying to trade on a tight margins and the same maladies affect all groups. Some more than others mind you but the same blocks are still there.

I absolutely agree that it takes utter confidence in your system but that is a learned experience. If a system, like you said, is 95% winners, the first day with a method isn't going to be accurate as the 14th day. One must learn to trust what they are using regardless of what they are told on day one.

You are a failed day trader so it is "No wonder you (guys) have such problems in the market and counteract it by the phony bravado on this site." BACK AT YA.

There are many of us here that have absolutely no problems in the market. Some have posted here in this thread. What we "the retail traders" do is nothing like the "professionals". This is why you can't comprehend what we do. The professionals MUST have large blocks of cash to succeed because of their "spaghetti" trading techniques. We retail traders had to find a way to master the information the markets gave us to profit from a smaller starting position. Necessity was the MOTHER OF INVENTION! We both succeed and for different reasons. For whatever reason this burns your ass.
 
Quote from ProfLogic:

I've worked with hundreds of traders and investors. Some with no money worries and others trying to trade on a tight margins and the same maladies affect all groups. Some more than others mind you but the same blocks are still there.

I absolutely agree that it takes utter confidence in your system but that is a learned experience. If a system, like you said, is 95% winners, the first day with a method isn't going to be accurate as the 14th day. One must learn to trust what they are using regardless

There are many of us here that have absolutely no problems in the market. Some have posted here in this thread. What we "the retail traders" do is nothing like the "professionals". This is why you can't comprehend what we do. The professionals MUST have large blocks of cash to succeed because of their "spaghetti" trading techniques. We retail traders had to find a way to master the information the markets gave us to profit from a smaller starting position. Necessity was the MOTHER OF INVENTION! We both succeed and for different reasons. For whatever reason this burns your ass.
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100's of traders and investors.... A bit if hyperbole perhaps? Good for you, if true!

I'm off to pick up my parents for the big day, see everyone next week!

Peace to all,

Surf:)
 
I hope the wedding goes great....congrats again!

Quote from marketsurfer:


I'm off to pick up my parents for the big day, see everyone next week!

Peace to all,

Surf:)
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Quote from marketsurfer:

100's of traders and investors.... A bit if hyperbole perhaps? Good for you, if true!
I'm off to pick up my parents for the big day, see everyone next week!
Peace to all,
Surf:)
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No exaggeration. The total is probably close to 350 and a lot of those were from free consulting not seminar attendees either.

Though we have our major differences, I wish you a happy day. I wish you and Anna many years of happiness.
I do hope your attitude will improve upon your return.
 
Quote from Buy1Sell2:

Technical Analysis works beautifully when coupled with prudent money management. End of story----next?
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Yup and solid consistent Technical Analysis works beautifully when coupled with prudent money management.

Everything is better with Blue Bonnet on it.:D
 
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