Definitions may differ but I think now (used to think otherwise) this is TA. It is not gambling, it is not FA, therefore, it is TA.
My suggestions are this: 1. Ask if you have enough interest in markets and trading to go to a different timeframe. For example, swing trading, position trading, longer-term speculation, or investing. 2. If not, ask if you could work for a boss and do a regular job, given the likely pay from your skill set and experience. 3. If not, then look at some form of self-employed business. For example, in the post-bubble areas of the USA, you can buy entire houses for 30-40k and rent them out for 6-8k a year. If you no longer need your trading capital, you could make some pretty nice income just vulture investing on foreclosed real estate in places like Vegas, Phoenix, parts of Florida etc. Then after you get a bit of experience, sell "how to vulture invest in real estate" courses online or do seminars to bring in some extra income - compared to the snake oilers in that field, someone with actual experience and straight-talking could do well. 4. If you want to take a real punt, then move to some booming frontier market abroad, find out who the clued-up players are, bring in capital from USA, take a cut, invest some yourself, and retire in 10 years after a crazy and fun business expat adventure. Just remember not to blow all the dough on booze, toys, and women. Then there's all kinds of opportunities with online business. Really, if you've kept your trading capital and your drive & initiative, then the world's your oyster. Someone with a bit of capital, some brains, hard-work and a can-do attitude will always be able to make a living.
Yea, anyone who traded FX in 2005-2007 feels like in heaven now almost for sure. And by the way, HFT and algos are a good thing IMO, because they also trade quite predictably and exaggerate the breakouts pretty often, so price/volume action in many instruments became easier to interpret, not harder.
Indeed. TA is trading based on certain behaviour patterns of the market, that's how I understand it at least. Be it support/resistance (price pattern) or sell on Friday, buy on Monday (time pattern), this is all TA as opposed to fundamental view and quantitative value estimation of the instrument vs. "FV" (in quotes, because I witnessed myself a few cases of how bright, extremely bright and smart quants literally cried in 2008, when their brilliant FV based models suddenly stopped working and they lost epically, because markets were driven by emotions more than ever before at that time).
So, what up with the VRNG thing? He writes an article which implies that Google might go to 0$ and some obscure penny stock might reap billions. 30M$ for a company with negative equity and no sales. If this isn't stock manipulation, I really wonder what is. Strange, this coincidence with this post about how nobody makes money except manipulators. Sorry, this looks and feels like a pure pump&dump. Nothing good will come out of it, perhaps some $$$ on the coming inevitable up&down swing. So that is where the easy money is... capitalism at its finest.
Well, I don't recommend any stock in the article. So its not a pump. I also provide all the links to my sources of research. So do you own research instead of slinging vomit my way And finally, I'm a long-term holder. So no dump. Why do you guys ONLY insult. Its really infuriating. Just go out and use your own wits to make money instead of insulting me.
Excedllent question. I didn't insult you a single time during our exchange, and yet you implicitly questioned my credibility. Why is that?
Only because you asked me 10 different questions in a row then acted like you asked only one. To me that smells of lack of credibility. You're anonymous (you switch identities in fact. Presumably because you want a fresh start on credibility. i get it. but, for me, its different. I'm out there with my real ugly face, my real identiy, eveyr day trying to help people on my blog on all sorts of issues (i rarely write about stocks) and it just seems a tad unfair the kind of treatment you and others have been giving me here. I'm not complaining. And elitetrader loves the traffic. But its just getting old for me.