the politically incorrect truth why TA can't work (for you)

cornix · Aug 22, 2012

Quote from R. Raskolnikov:

Surf was at least honest about it:

"We are marketers for several funds. Correct, I look for other people's edges that work.

surf"

http://www.elitetrader.com/vb/showthread.php?s=&postid=3603552&highlight=funds#post3603552

True and he doesn't start threads about trading and TA with random chance of a thread being about how it "works" or is a "losers game".

oilfxpro · Aug 22, 2012

Quote from cornixforex:

You may not realize it, but trading is always stressful to some degree, even if you just play trading on demo account. And professional trading is always chronic stress.

It is not stressful for the pros who trade probabilities like a casino , but it is for the poor t/a boy betting on direction (he is trading direction , not probabilities )

cornix · Aug 22, 2012

Quote from oilfxpro:

It is not stressful for the pros who trade probabilities like a casino , but it is for the poor t/a boy betting on direction (he is trading direction , not probabilities )

How many of the pros told you about it, that they don't incur any stress associated with trading?

I read interview with Paul Rotter where he admitted he does incur the stress. Or is he not pro enough for you, just like Vic Sperandeo who admitted to have stopped day-trading because of blood pressure?

luckyluciano · Aug 22, 2012

UPDATE ON MY BEFORE HAND CALL..

ITP.TO is forming an ascending wedge. LOL! Getting reading ready to push through.

oilfxpro · Aug 22, 2012

Quote from cornixforex:

How many of the pros told you about it, that they don't incur any stress associated with trading?

I read interview with Paul Rotter where he admitted he does incur the stress. Or is he not pro enough for you, just like Vic Sperandeo who admitted to have stopped day-trading because of blood pressure?

Doctor of phsychology

If you know your probabilities , trading has less stress because YOU knows YOU will win overall.If you are betting on direction with t/a like a casino gambler ,phsyche is playing on your emotions and trading , hence fear of loss , anxiety etc is giving you chronic stress.

cornix · Aug 22, 2012

Quote from oilfxpro:

Doctor of phsychology

If you know your probabilities , trading has less stress because YOU knows YOU will win overall.If you are betting on direction with t/a like a casino gambler ,phsyche is playing on your emotions and trading , hence fear of loss , anxiety etc is giving you chronic stress.

Right. Less. Does less stress equal no stress?

R. Raskolnikov · Aug 22, 2012

There is a flaw in your thinking. If you develop a profitable system using T/A, you aren't a casino gambler. Casino gambler odds are less than 50/50. My odds are definitely higher and my system is 100% objective. And has been for over a decade.

Quote from oilfxpro:

Doctor of phsychology

If you are betting on direction with t/a like a casino gambler ,phsyche is playing on your emotions and trading , hence fear of loss , anxiety etc is giving you chronic stress.

R. Raskolnikov · Aug 22, 2012

Not to mention I'm sure there are some systems who's odds are less than 50/50 BUT the upside trades FAR outweigh the losers.

cornix · Aug 22, 2012

Quote from R. Raskolnikov:

Not to mention I'm sure there are some systems who's odds are less than 50/50 BUT the upside trades FAR outweigh the losers.

Yea, any trader better be happy with system which has, say 30% winners, but average winning trade is 4X the average losing trade.

Win rate is by far not the most important characteristic of successful trading.

luckyluciano · Aug 22, 2012

UPDATE ON PCYC call....

http://stockcharts.com/h-sc/ui?s=PCYC&p=D&yr=0&mn=3&dy=0&id=p59462657555&a=274635918

making new highs from cup and handle formation.....ie:William O'neil, Dan Zanger etc.

up 8%.....

definitely stay away from TA, very dangerous.....

it will make you money and create a tax problem!