Here I agree with you. Trading is much more a craft than a business. And I can give you a hint why "Gann folks" fail. Because they are stuck in the box of thinking just in Gann terms. While ideally I would advice every newbie to never read ANY trading books/courses beyond the very basic principles and just WATCH with OPEN eyes. They won't become biased this way and see the truth faster. I am very, I mean VERY thankful that people who helped me in trading have never explained every detail, but gave overall guidelines only. Makes your own eyes and brains work actively, not passively.
No question about it, but 30 companies are easier to track the Price Drivers on each, particularly due to the weighted nature of the DJIA. surf
I only use stops with the initial entry-- right or wrong--- after solid profits I revert to the Price Drivers to change prior to closing out--- surf
"Technically, shares have been uptrending since Nov. 15, 2012, but have hit resistance in the mid $22 range. There is a massive double-top formation at this level on the daily chart. This creates a daily breakout close opportunity. Entering a long trade when price closes above $23 makes technical sense." You wrote that right?
HLF down 3% on a strong market day ? Wow, that recent price rally action truly was a dead-cat bounce !! Looks like this time around, there won't be a bounce....this cat already had it's nineth live.
No "maybe" about it, Surf. Trading professionally is not merely like professional gambling. It is professional gambling.
Even with information to distinguish ones self from noise traders, that's a very good point. No argument here.
There is no such thing as noise. Just different scale of the moves. And I agree all trading is professional gambling (game of odds).