Technical Analysis does not work, never did, never will

NoVoodooHere said:
Yeah there is really no debate or uncertainty on this topic, it is quite clear, just follow the money: If you can trade for a living (& particularly by using a "system" or "method") why on earth would you give up that uber-scalable printing press to deal with a bunch of random Kooks. Come on. How can peeps be so gullible?
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It's not that obvious though, there's a small % of people who have a strong sense of altruism, very few in this business though, more want to minimize their risk by giving themselves a guaranteed steady source of income in addition to whatever sporadic trading winnings they would have the luck and skill to get from day trading.
 
Q3D said:
there's a small % of people who have a strong sense of altruism
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I believe this to be a complete fallacy. What are the character traits of a successful trader? I'd say you don't come across "charming" often. & what are the motivations for getting into this highly uncertain line of "business" as you put it?
 
NoVoodooHere said:
I believe this to be a complete fallacy. What are the character traits of a successful trader? I'd say you don't come across "charming" often. & what are the motivations for getting into this highly uncertain line of "business" as you put it?
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Individual self-gain in a non-cooperative and self-reliant setting is the main motivation. What exactly is a complete fallacy? You think no one has a strong sense of altruism?

Sociopaths are more common in business and trading in particular than altruistic and caring personalities.
 
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NoVoodooHere said:
OMG... Yeah... Why is that?
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Great point-- see I learned a long time ago that TA SELLS. It fits perfectly with the mindset of losers and fast money addicts. Just follow this map ( the chart) to wealth-- it's a follow the leader lemming philosophy of the masses-- either they grow out of the delusion or end up broke. surf
 
Q3D said:
Individual self-gain in a non-cooperative and self-reliant setting is the main motivation. What exactly is a complete fallacy? You think no one has a strong sense of altruism?

Sociopaths are more common in business and trading in particular than altruistic and caring personalities.
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The financial markets are a jungle full of predators who want your money. The entire system is DESIGNED TO DECEIVE and MISLEAD---
 
Facts are that you are GUESSING and PREDICTING everytime you enter a trade without a real edge. Only the deluded believe that TA gives an edge-- facing reality is the first step to winning.

off to the Ft;Lauderdale Boat Show--- peace surf
 
marketsurfer said:
The financial markets are a jungle full of predators who want your money. The entire system is DESIGNED TO DECEIVE and MISLEAD---
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URF is a salesman who earns a living promoting himself on elite trader. He failed as a trader when he tried to call a bottom without using a stop and his hedge fund collapsed. The primary investor in the fund killed herself because she lost everything.

URF, if I missed anything, and you want to debate the facts, then please correct me. Otherwise your inane comments will be ignored. Opinions don't matter, only the facts.
 
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