All right time to cut the BS Farmer quit acting like you don’t know anything about trading and in particular TA. You appear to be a “never TA’er” while many of us are in the basket of TA deplorables. Hint: We win.
I have been trading since 1969. My worst year was 2008, when I made 11%. My best year, I made well over 50%. This past year, I made 67%, so far. Here's what I recommend: 1. Stop listening to "economists". Who told you they know anything about trading? 2. Throw away your TV. I haven't had one in 20 years. 3. Never read or watch anything from Main Stream media - especially the New York Times. 4. If you absolutely must follow someone, follow me. I tweet all my trades the day BEFORE I make them, and I've been doing this since November, 2018 (@RandomFour). No charge. Merry Christmas.
Wow. What a great post. I feel like I could ask you a million questions. Is it fundamental analysis or technical analysis that you use more? Do you technical indicators, or combinations of them?
Gamblers have been mentioned a few times since I've joined. Instead of looking through the POV of the gambler, look through the POV of the casino. They have a system that is mathematically in their favor. They will always win long-term. You can write a mathematical proof of how the casino wins money with a roulette wheel, for example. That's what I'm looking for. A set of indicators telling me when to enter a trade that will give me an advantage long-term. And I would like to back test it.
After looking in more detail, you bet on leveraged index funds and sector funds. You always bet for a bull market. You don't have a set hold period when you buy, but it's usually a few days, sometimes a few weeks. How do you know when to take a loss?
Yes the Martingale System. It works until you lose many times in a row. But if you have enough capital so that is unlikely to happen in your lifetime, then you'll win. But the ROI may not be worth the time.