True.
However, many have ego problems--- not one has an ego problem and is a succesful strict TA practioner who started with very little and become wealthy? Come on! where are the TA practioners yachts??
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Technical Analysis = CRAP
- Thread starter Frits
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True.
However, many have ego problems--- not one has an ego problem and is a succesful strict TA practioner who started with very little and become wealthy? Come on! where are the TA practioners yachts??
Quote from Fireplace:
Have you even read my posts?? I've said several times that i am NOT a vendor and do not PM me for help because I just trade, that's all I do.
You won't get a vicious attack from me, just merely pointing out that just because you haven't met someone who uses TA successfully and over a long period of time doesn't mean your conclusions on the subject are correct.
As far as posting trades, most of the day I wait, but when things align I have to get in and work my trades. I don't have time to post as those moments before a trade are critical. The rest of the time I am monitoring the action and waiting for my next setup. If you can't understand that, well not much else I can say. Also, posting live trades is something one would do when either they are a noob and looking for advice/help OR someone who is trying to gain credibility to eventually sell a service....of which I am neither.
You seem to be much more reasonable than many of the other TA practioners on this site. But you wont even answer a simple question if you produce apha, AUM and if you made it by trading or another source.
another innoculous question-- are you with a PROP SHOP? remember, im not talking about prop traders with company edges. Im talkign about strict retail broker charters.
Seriously, you are posting under an alias. I don't want specifics just ranges, I don't understand the downside of you revealing this info.
I disagree with your last several lines--- the strict TA users are BEING CHALLENGED but have only defended with words and cherry picked examples--- Here is your chance TA believers, take it or dont.
surf
Quote from Maverickz:
Think about this too, being successful at trading doesn't automatically make a person famous. The famous "traders" are the ones that are selling something else. I would wager that many of the most successful traders are never known by the general public.
Yes, thats likely very true. But it doesn't mean they exist (when i say they i mean those who started with very little and make a nice income strictly from TA and no other analysis or business, not those who made their fortunes elsewhere or retired folks playing games)
HOWEVER, folks here expect one to take them at their word-- when demonstration of their savvy is requested--- no one steps up to plate, why?
I'm trading my own account, I don't manage money for anyone else. When I started back in the late 90's I had about 25k saved up from previous work. I started off very slowly, spent the first couple years treading water while devoting myself almost entirely to figuring out what works best for my temperament. Also combed through years of data and tried to line up scenarios that worked and didn't work and then worked hard at separating out the commonalities of the unsuccessful trades and also identifying why the successful ones worked. Over time, the more I understood about what led to successful vrs unsuccessful trades, I figured out a way to view the mkt (via proprietary TA, created by looking at several key components) in order to capture intraday turning points more precisely.
I've made my money entirely from this base. Of course I took my sweet time and was very conservative in the beginning but this allowed me to survive while I learned. I can't also discount the work I put in, most wouldn't ever think of devoting as much time as I did but that also helps separate out the serious traders from the hobby traders.
I've made my money entirely from this base. Of course I took my sweet time and was very conservative in the beginning but this allowed me to survive while I learned. I can't also discount the work I put in, most wouldn't ever think of devoting as much time as I did but that also helps separate out the serious traders from the hobby traders.
Quote from marketsurfer:
You seem to be much more reasonable than many of the other TA practioners on this site. But you wont even answer a simple question if you produce apha, AUM and if you made it by trading or another source.
Seriously, you are posting under an alias. I don't want specifics just ranges, I don't understand the downside of you revealing this info.
surf
Quote from cvds16:
marketsurfer, I know at least two guys that fit your description, problem is they don't want other people to find out about them. One was on ET in the past, another one still is.
Thanks. I don't doubt you. staying low key is smart.
But just to clarify, these guys strictly, 100% base their decisions on price charts?
I know traders can make money, some consistently,( we made a killing in 2008) my issue is with those who claim they can produce alpha consistently by just usiing chart based TA. I don't think they exist.
surf
Quote from marketsurfer:
True.
However, many have ego problems--- not one has an ego problem and is a succesful strict TA practioner who started with very little and become wealthy? Come on! where are the TA practioners yachts??
I know one parked in Cedar Key Florida.
I know another in St. Petersburg, Florida.
I know another in Sea Ranch California.
As the other poster stated, they don't have the ego that requires them to stand on hills shouting how successful they are. Each of those pleasure crafts were bought with "trading money".
one does strictly so (he is a daytrader pure sang) , the other one does 'almost' strictly so like to have his charts aligning with his fundamental views otherwise it's too hard for him to hold positions, he is a daytrader but also has a core posiition at times he trades around that he keeps for a longer timespan.
Quote from Neenisti:
I know one parked in Cedar Key Florida.
I know another in St. Petersburg, Florida.
I know another in Sea Ranch California.
As the other poster stated, they don't have the ego that requires them to stand on hills shouting how successful they are or a soap box shouting that those yachts were bought with "family" money. Each of those pleasure crafts were bought with "trading money".
Once again, I don't doubt you.
Trading money OR Strict chart based TA trading money with no other edge?
If its the second, I would like to meet these folks--since i dont believe it, starting with nothing (very little ) and becoming wealthy by strictly using Charts is a pipedream.
thanks,
surf
Quote from Fireplace:
I'm trading my own account, I don't manage money for anyone else. When I started back in the late 90's I had about 25k saved up from previous work. I started off very slowly, spent the first couple years treading water while devoting myself almost entirely to figuring out what works best for my temperament. Also combed through years of data and tried to line up scenarios that worked and didn't work and then worked hard at separating out the commonalities of the unsuccessful trades and also identifying why the successful ones worked. Over time, the more I understood about what led to successful vrs unsuccessful trades, I figured out a way to view the mkt (via proprietary TA, created by looking at several key components) in order to capture intraday turning points more precisely.
I've made my money entirely from this base. Of course I took my sweet time and was very conservative in the beginning but this allowed me to survive while I learned. I can't also discount the work I put in, most wouldn't ever think of devoting as much time as I did but that also helps separate out the serious traders from the hobby traders.
Geez...talk about parallels! Thats my story entirely down to a "T".
SM
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