Technical Analysis does not work, never did, never will

NoVoodooHere · Nov 10, 2015

I'm just going to leave this right here

marketsurfer · Nov 10, 2015

i am nobody said:
Institutions must be desperate if the use Marketsurfer for finding people with edges.
If you have an edge you can find money on every corner of the street; You surely don't need Marketsurfer for funding. All he does is pick a commission on your back. That's all he can. I can find a billion to invest too. Just show that you have a consistent edge.
I am like Handle123, refusing to trade for clients. So our problem is not the money, but the constant need to send people away with lots of money. There is a million times more money available then good systems that ask for money. There is no supply and a huge demand. That's how Renaissance ended up asking 44% of the profits.

I don't work with traditional institutions, primarily UHNW's, family offices and niche allocators-- my strategies are capacity constrained so institutions are not interested.

surf

kut2k2 · Nov 10, 2015

i am nobody said:
Institutions must be desperate if the use Marketsurfer for finding people with edges.
If you have an edge you can find money on every corner of the street; You surely don't need Marketsurfer for funding. All he does is pick a commission on your back. That's all he can. I can find a billion to invest too. Just show that you have a consistent edge.
I am like Handle123, refusing to trade for clients. So our problem is not the money, but the constant need to send people away with lots of money. There is a million times more money available then good systems that ask for money. There is no supply and a huge demand. That's how Renaissance ended up asking 44% of the profits.

Just out of curiosity, if you were interested in outside funding, how would you go about getting it? I mean demonstrating your edge without disclosing your strategy, attracting the right attention, etc. Thanks.

Buy1Sell2 · Nov 10, 2015

kut2k2 said:
Just out of curiosity, if you were interested in outside funding, how would you go about getting it? I mean demonstrating your edge without disclosing your strategy, attracting the right attention, etc. Thanks.

There is no edge in trading except for utilization of Prudent Money Management. Thank you for your time.

NoVoodooHere · Nov 10, 2015

kut2k2 said:
Just out of curiosity, if you were interested in outside funding, how would you go about getting it? I mean demonstrating your edge without disclosing your strategy, attracting the right attention, etc. Thanks.

Wasn't it you who was just bragging about having to beat off [investors throwing money at you] with a stick? If not I apologize in advance for getting ya'all confuzed

marketsurfer · Nov 10, 2015

Buy1Sell2 said:
There is no edge in trading except for utilization of Prudent Money Management. Thank you for your time.

That's not true.

However, when using TA its the only way to survive. If you can use MM with TA you may last long enough to make that one very lucky trade thst will significantly ramp up your AUM enough to get lucky again....

i am nobody · Nov 10, 2015

kut2k2 said:
Just out of curiosity, if you were interested in outside funding, how would you go about getting it? I mean demonstrating your edge without disclosing your strategy, attracting the right attention, etc. Thanks.

You don't have to find them, they will find you. That's my personal experience. My broker send a lot of his clients to me because it was financially more interesting as he lives from commissions. They were losing money and I made profits. Wiped out clients don't generate any commissions anymore, so the longer they live the better. I had in no time $7.5 million under management. Within 1 years I stopped trading for clients, closed the fund, and only traded my own money. I never regretted that decision.
If you make less than 100% a year it takes too long before you make big money, so then you will have to trade for clients. Trading for clients also means a lot of expenses and paperwork. Set up a fund, make a disclosure document, send it for approval (which was really horrible), register as CTA, membership NFA and CFTC starting to interfere too.

I suggest people not to read anymore the nonsense that is posted by Marketsurfer and NoVoodoohere. They look like fulltime TA bashers who fight like Don Quichotte. They have nothing else to do apparently. I also never saw any track records of their trading. Although Marketsurfer said he makes killings. Or did he refer to the wiped out fund? That surely was a killing. And from what I read on ET somebody got even really killed.

Buy1Sell2 · Nov 10, 2015

marketsurfer said:
That's not true.

However, when using TA its the only way to survive. If you can use MM with TA you may last long enough to make that one very lucky trade thst will significantly ramp up your AUM enough to get lucky again....

Even if your above points were stipulated to, you have made a convincing argument as to Prudent Money Management being the only true edge in trading. There is no other edge--NONE.

marketsurfer · Nov 10, 2015

Buy1Sell2 said:
Even if your above points were stipulated to, you have made a convincing argument as to Prudent Money Management being the only true edge in trading. There is no other edge--NONE.

You saying this only reflects your inexperience and lack of knowledge of the business. Sorry , but that's a fact.

i am nobody · Nov 10, 2015

marketsurfer said:
You saying this only reflects your inexperience and lack of knowledge of the business. Sorry , but that's a fact.

God almighty has spoken.

Maybe we should close all threads and eventually also ET. Marketsurfer can write a book with his endless and unmatched wisdom. Then this book should be declared as the Bible of trading and should be required reading in all schools and universities.
People who would doubt his wisdom should be put in jail.

But if then everybody will be as smart as Marketsurfer there will be no losers anymore. So how can we then make money in the markets? You need losers too.