12 instances is hardly statistically relevant and especially statistically relevant enough to build a trading strategy around it.
As usual, you twisted my words. I'm not comparing learning from me. I'm comparing learning trading in general to learning how to become an engineer or a doctor. Generally speaking, to become proficient in any area requires about 10,000 hours. Anyone who wants to become a professional in any area understands it, but people expect to become proficient in trading in 4 months instead of 4 years.
12 instances of the most recent data are the most important. Looking back any further than 3 years is meaningless. Of course it does not guarantee that the next cycle will be profitable. But finding stocks and setups that exhibit similar patterns and behavior greatly enhance the probabilities. Remember: trading is about probabilities.
I have an engineering degree (industrial though, not aero) and trade options so I think I'm particularly qualified to say this: you're being an ass. Dude runs an education service and you've made your point in several mini-rants. If you don't like it, don't buy it. You've fulfilled your probono fiduciary duty and called your concerns into question and this thread is so long now that anyone who googles SO will probably find it.
Fair enough. I was done replying before. I had to reply because of that anonymous coward comment. I am really done now
OK you are done here but don't leave ET. You were probably a little too passionate but I appreciate opinions from both side. We cannot improve if everything is one sided. Regards,
Having different opinions is perfectly fine. This is how the markets exist. What is not okay is personal attacks and insults. A productive dialog or discussion are not possible if things get personal.
I got to take a bunch of financial engineering courses while the "real" engineers were sitting in lab all day, that counts for something right? ...right?