LOL! good for you, seriously. a surprising amount of good things have come my way from posting here, also--- so I don't begrudge your success at all. I just believe, if your trading success is real, its despite of TA not because of it.
Well... frankly I don't know. I use TA to trade, but of course it could be some weird psychological trick too... Pretty strange for a psychological trick though to have relatively high degree of objectivity, which my TA approach has, which makes me conclude it's probably not the self-delusional trick after all. It could be interesting experience to check if that approach can be replicated, so far practical experiments by a few people show evidence it likely can be.
While your passion is admirable, if you apply the same scientific rigor you do with your pysch studies to TA, you will reach the same conclusions I have For a start: Read this http://www.amazon.com/Winner-Take-A...id=1350141747&sr=1-5&keywords=winner+take+all and this http://www.amazon.com/Practical-Spe...0141818&sr=1-1&keywords=practical+speculation Then please get back to me about TA. surf
Good, please read them. Next time you visit NYC, we will have lunch--since I am not planning on visiting Siberia anytime soon-- Moscow maybe! I collaborate with the folks who write the books-- just leave it at that. surf
Trading books are mostly a waste of time. Stick with what you are doing; for consistently making money trading trumps whatever these so called book writing "experts" have to talk about. Remember, these writers have an agenda....to make money selling their books!
Being on Wiley's finance book reviewer's list for a number of years( thus having cases of books delivered to my home monthly) -- i don't disagree with you-- there are many self styled experts in this biz that have no pedigree or ability other than the skill to spin a yarn. However, there are a few stand outs of folks who have actually walked the walk and are able to write about it-- niederhoffer and gallacher are two of them. The TA folks here mention authors like they are trading gods, but the truth is these authors are unknowns in the real world of finance. Put simply, KNOW who you are reading and what verifiable background gives them the pedigree to teach. surf
Not me, I agree with you on this. I did some reading in the very beginning, but realized early on that I'd be better off studying PA and relationships on my own and not getting bogged down with any preconceived notions from these "authors".
Moscow is just 4 hours of flight from here and we have at least 4-5 flights per day there, so let me know when you're going to visit Russia, it would be cool to actually meet. Of course I do the same if going to visit US.
Oh, of course no book would make me change my approach, because I think it's stupid idea: trying to fix what works. Some books can be an interesting spare time reading though.