It's hysterical seeing you post about foolish ways to trade......seeing how you have the worst record on here for trades. For a guy who is never right you sure to talk a lot. Stick to writing cute little articles for Yahoo.
i have personally interviewed over 100 of the top money manager and traders on earth. i work with a firm that searches for edge in every strategy imaginable in which i have done extensive research. this conclusion is based on ALL the evidence i have found over the last 8 years of critical thought into success and failure of market participants. any questions? surf
he is living the life up in CT. one of the nicest guys from wall street. Started 1st Chicago exchange for single stock futures---not sure what happened there. surf
Well......you did a poor job of listening during your interviews. Your trading suggestions on here have been absolutely horrible. Your risk reward ideas are a recipe for disaster. Your stepping in front of trends has led to "paper" losses in 95% of your "trades". You are obviously not open to changing your ways and continue to suggest methods/ideas that are a sure path to the poor house. To say that traders who use charts aren't real traders is beyond ridiculous. Do all great traders use em? No........but some of the best out there do. It's like saying that all the traders that live and die by stats are failures. Some fail (Victor Neiderhoffer), and some do great. Congrats on interviewing 100 traders. But you aren't a trader and really don't know much about trading. I'll take my 17 yrs of TRADING and listen to others who actually trade, then some guy like yourself who sits up in the cheap seats and makes ridiculous comments.
reread what i said---not traders who use charts, but traders who TRADE from charts. there is a huge difference. do you trade from charts strictly? surf
It could be. I traded with some guys who were incredible tape readers in the early 90's. To me that game is long gone because of all the games that the algo's play in the mkts. I am sure there are still some guys out there who can do it, but to suggest that the majority of top traders these days are tape readers is a bit much.
Strictly......no. But they are a good part of my gameplan. I know guys who do strictly trade from charts who do very well. My problem with your comments are that you imply that trading off of charts is a losers game. Thats ridiclous.
ok. if you know guys who do it strictly, nothing i can say. i have just NEVER seen it other than anecdotal evidence. best, surf