Well, you know what they say about the masses... But, in retrospect, do you think this was unwarranted? Because it's 22 years since you started and you are still searching for consistent profitability. I'm not knocking you, this trading biz is very hard. P.S. "Big bucks" is a relative term, my definition of big bucks is 10k/day. Of course, A-Rod makes like 50k per at bat so this definition obviously isn't universal
Absolutely agree. They could test a lot of stuff, but what makes them think they really tested what works and included all those inputs needed to make it work.
Surf, If I even fell into some trap, it led me to profitable trading. Now what do you suggest? Stop doing what I do and.... there always must be a reason to do something. People sincerely ask and I sincerely answer: yes I mainly trade TA and consider it to be superior to most other kinds of analysis. Let me give you an example: two days ago EURUSD was falling like a rock with apparent absence of any significant news. The next day (yesterday) a bunch of EU economic data was released... all negative. TA gave this short bias way in advance, because TA shows everything including what the most informed market participants know even if they don't want to speak about it they simply can't hide it from TA trader. Shortly: I like TA over all other kinds of analysis. Is it called falling in the trap?
I don't trade stocks, but intraday trends are probably the best friends of all traders including stock traders of course.
If you know it's so easy to make money in the markets, just manage random entries properly, why aren't you successful trader yourself? Why do you call trades in this journal which were... well, mostly not too good?
It has been said many time that trading is where we face our personal demons and before we understand and conquer the markets we must first know and conquer ourselves. It's hard. It's humbling. For many it's just too much. Some say the markets are a place of magnetic attraction where those, who by their psychological make up want to lose, hang out where winners take all. While I wish surf well as a journalist, I see him as a market alcoholic who is in complete trading self-denial, with theories and performance that are worlds apart: always searching for evidence that supports his claims while ignoring anything that would shed light on his problems. This is not meant to belittle surf, for as you know Cornix I have helped and mentored traders from a quant to a floor trading background and I am good at getting inside their heads and fixing trading problems they couldn't understand. You also know good friends I have refused to train because they were beyond help. I see surf as a prime example of this group: unable to help himself and unable to receive help. Remember the football Cornix!
Yes, the longer I trade the more I conclude that some personal traits simply exist or don't exist within some people. Hence the results are very different.
Everything is relative. For a backwoods hick from the countryside of Pittsburgh to a 7500 sq ft home full of art--- with lots of toys--- to being broke then back up again--- the real life of a trader, publisher and entrepreneur-- not the ET fantasy. You seem Hell Bent on either proving your superiority or discrediting me-- ex wife's lawyer maybe, or someone who owes me money?? Seriously man, what's the obsession? surf