If you’re going to speculate, you have to go for the win. You can’t try to be a middler. Eventually, the house will grind you into oblivion. Of course, Las Vegas loves it when you have these Martingale† systems that give you small wins with a high probability and a large loss with a small probability, because they know they can grind you into oblivion. The worst thing to do is to bet on the favorite to show, because you have the racetrack take plus you have the breakage, which they’re taking. V. 19:4 (70-80): Interview: Victor B. Niederhoffer by John Sweeney
another proof that this is complete nonsense: http://www.bloomberg.com/news/artic...s-netflix-stake-after-stock-doubled-this-year Surely not reverse. He made 1.6 billion with what you will call a deceptive chart.
AT&T’s stock price popped to its highest price in 11 months on Tuesday after analysts posted positive comments regarding the company’s outlook and possible acquisition of DirecTV. http://www.bizjournals.com/dallas/b...hy-at-ts-stock-price-hit-an-11.html?ana=yahoo is it really just a positive comment made such an effect or there is something else?
There is really no point trying to prove anything to brother Surf, I also know folks within commercial banking and some of them share the same attitude, they consider any form of speculative trading to be gambling, main reason being they failed to establish any sort of sustainable edge, hence their strong opinions, wouldn't barge even if shown positive equity curve.
Well, even non TA'ers understand that you telling nonsense (like most posters here understand it). Icahn proved it. He followed the trend. It is funny that you are very selective in your reactions, to some posting you react, but if the posting hearts to much you skip it: http://www.elitetrader.com/et/index...w-the-trend-sucks.292363/page-16#post-4140147
You are another victim of hindsight bias and retrospective distortion. Don't you get it? Trend only exists in the past--- Im sure Icahn will find humor in your post-- i'll forward it to him. surf
Kinda like a guy whose avatar is a $ sign on his chest like supermarket dollar saver man or something? Geeeez, talk about ego.