What text did you use for it? In my years of schooling I have yet to come across a TA course that will teach you how to trade. Sure, universities will teach you what MACD or Stoch <i> is</i> but few, if any will encourage its use or show you how to apply it.
Hi annaland, These are completely different situations. Teaching someone about TA and its application is different from teaching someone how to trade. Simple analogy, if you take a class called Engine Repair 101...it's different than the class called Driving 101. Yet, you can make it a class requirement that you can take Driving 101 if you've taken and passed Engine Repair 101. Therefore, I agree, I have not heard of any accredited university that teaches someone how to trade nor would I support such. However, I have heard of a few universities that have trading rooms for students in the School of Business or Finance. http://www.sju.edu/hsb/hr/facilities.swf http://www.smeal.psu.edu/traderoom http://www.businessweek.com/bschools/content/oct2006/bs20061030_810461_page_2.htm http://www.mcmaster.ca/ua/opr/nms/newsreleases/1998/tradingroom.html Check out this link at the bottom of the article and there's an additional list of well known universities with trading rooms... http://www.fenews.com/fen1/mit.html I would hope that they actually offered some sort'uv class requirement prior to being allowed to use the university trading room. Do we have any ET members that are students or have seen one of these types of trading rooms at their University??? Geesh, where was this stuff when I was in college back in the 80's. I can see some student at MIT calling his mom and dad to tell them he lost next semester's tuition while shorting Emini ES since the 1380 price level at the school's trading room. Mark
LOL.... this is the reason why many fail at TA. You are expecting to be taught how to trade. TA is a set of tools, the class teaches you what the tools are and how to use them. Just like any class in finance, it teaches you the subject matter. That is how I teach it.
Thanks optioncoach, Wow, that's one impressive looking university trading room. Were you a student there and used it? Was there any class requirement to be allowed to use the room (ex. only students in the School of Finance can use it in comparison to another student that's in the School of Mathematics)? Mark
It is a new room as the new business school opened last Spring. The room is open for all students in the Business School (grad and undergrad) and students outside the B-school also can use it. It was not there when I did my Master's at GW but I am now in charge of it so students are making good use of it going forward and there are classes and workshops there.
LOL yeah we got Thinkorswim to donate their platforms so students can have paper accounts to trade stocks, options and futures. I dont care if TA is testable by academics. I can certainly put together my own technical analysis approach and backtest it with data as does many technicians with fancy computers and access to data. Of course they are trading to make money, not to put out papers in Journals or prove anything to academics. Most academics test simply moving average crossovers and basic crap like that. No one I know or have read about trades using one indicator or with such a basic approach. No one who makes money at least.