No. I made $$ using gann. But i realized that the profits were despite the method not because of it. See surf report circa 2002-3 for documentation of the gann and glenn neal@ wave work.
Because he's not a great trader ...if you see one of his replies, he mentions that luck has alot to do with it...that alone says alot about him. It takes a certain kind of person (relatively rare)...to actually really make a living from trading their own account. -- and not merely just slowly growing an account for the long term, supplemented from a normal job's income, like what most people are or are doing.
Surf, i know nothing, you know that, however, i dont know, maybe 5 or ten times a year or so, across a wide range of global macro asset classes, there are large moves that are triggerred by or at least observable in a continuous flow of "news" available to all. Granted , sometimes , Sucha as the 2014 treasury bull market , it is not clear to me or John Q. Public until the move Is mature( and that in itsellf may be a clear endorsement ofPA or TA) but in most cases, IMO It does not take a Quant or PHD to observe and participate. I wont say "how i do" because clearly its not about me. Of course though, the likes of Kyle Bass, Ray Dalio , are on another plane . Thats a given. I dont think you are correct to say that over time it is not possible to participate and profit.
EVERY real trader/speculator will admit that LUCK plays a HUGE role in the game. HFT edge and arbitrage guys who lock in profits prior to risking are the ONLY ONES who luck does not play a huge part of success-- even for them, it can be argued that the luck of the market remaining the same and not changing plays a huge role overall surf
Don't cut yourself short-- if you even try this game, you are a top tier. I agree with you-- it is possible to participate and profit by catching monster macro moves--- certainly i try to do it. I don't think, however, it is possible by watching 5 minute chart gyrations only to consistently profit-- sure you can catch an outsized move or two but its very improbable to do this consistently before you get churned to death waiting such a move. surf
I'll admit Luck plays a part in life and in trading...but I definitely wouldn't classify it as "HUGE". If Luck plays a "HUGE" part in your trading...then you are not really trading, but more...rather...just gambling. "Every battle is won before it's ever fought. Think about it." "A fool and his money are lucky enough to get together in the first place."
'll admit Luck plays a part in life and in trading...but I definitely wouldn't classify it as "HUGE". If Luck plays a "HUGE" part in your trading...then you are not really trading, but more...rather...just gambling. "A fool and his money are lucky enough to get together in the first place." [/QUOTE] I guess you are an artist? -- what are you hiring for? Thought you might find this piece of mine interesting--
If you're referring to my website...i'm not hiring. -- the whole thing is a bunch of random sillyness...a parody. (i was feeling really creative/really bored.) I trade my own account.
Q The First Law of Trading: For every trader, there exists an equal and opposite trader. Said by the Mentor! The Second Law of Trading: They're both losing. Said by the Market-Maker! UQ
If that is true then you were not lucky. First you blew up a fund with other people's money. I wonder if they still agree that you are an expert. Second you should be very rich if not the richest man in the world. I just use your logic when you fight TA'ers. If a traders does 1000 trades and wins more than 3 times out of 4 then this cannot be huge luck. Ask anyone who has a higher degree in math and he can proof this with math. Your pretend that this trader had 1000 times in a row luck???? Consistency is the ultimate proof that it is not about luck. All you do is trying to fight what according to you is FAKE, with arguments that for others are FAKE.