In watching Fisher's seminar videos from way back in 2002-2005, he never says just buy every A-up and you'll become profitable. As a matter of fact, if you watch the first seminar video he did, literally the first sentence out of his mouth when he stood at the podium was "if you are here today because you think I am going to teach you the holy grail of trading, you are wrong." He talked about ACD being one piece of the puzzle that "when overlaid with other things can help you identify good risk reward opportunities and knowing when to press the gas pedal vs when to press the brake." And that has been my experience when applying it to my intraday trading...does Fisher's stuff allow me to print money? No...Does it force me to confront my bullsh*t lies I tell myself when I have a losing position on that is grinding against me that I think "has to turn around in my favor." Yes, absolutely. So in that sense, on an intraday basis when markets are flying - it helps keep me more objective, which has helped me reduce the size of my losing trades greatly, thus improving profitability.
No, because our entire retirement system is underfunded from social security to pensions. We basically borrowed trillions counting on 10% returns to make up the difference. When it comes time to pay out those pensions there won't be any money there. Also, if you want me to introduce economic theory into this, there is something called the permanent income hypothesis. A permanent income hypothesis is a theory of consumer spending which states that people will spend money at a level consistent with their expected long term average income. What this means is that consumers are spending money and incurring debt based on the assumption that at retirement they will have a certain amount of money available. If you lower the growth rate then by proxy you MUST lower your current spending and you MUST increase your savings. People are not doing that because their expectations are too high.
Truthfully, I'd save time. By that I mean, just read everything you and few others have posted. I'll admit I was trigger happy when I was criticizing this thread. In this profession, it's 99% miss. But, you guys don't really seem to have a financial interest in offering advice. So, I apologize. And, I'll try to add in content when I can.
Thank you, but my only intention on this site is to gather capital. I do this for a living, but I'd like to do it on a larger scale.
A lot of us do this for a living. And many here don't but still want to learn or maybe pass the time. Are you saying you are trying to "raise" capital on ET? Or do you mean gather intellectual capital?