Level 6 - puts the bare minimum on the chart to show yes or no, should I get in or stay out. Level 7 - does this with many time frames and shows it on a list with colors, so you only get in when everything lines up (for swing and position trading stocks)
It depends on time frames also, as not everyone are lower time frame preference. When using 4 hour and 1 hour charts, 2 minutes is not an issue.
VW Bug from the 60's can trade in the 50k's..Has a cool factor.. 2008 Lambo is exactly what people like WXY buy....trades in the teens..
Merton and Scholes received the noble prize for developing the Black-Scholes formula in 1997. In 1998, LTCM collapsed. No formula or chart is able to work all the time. Here is a documentary by BBC Horizon in 1999. BBC - Horizon - 1999 - The Midas Formula (Stockmarket Formula) - video Dailymotion
"Academics as a rule make terrible trades" 10:05 I've always said sometimes you can be too smart to make money in stocks. Anyway all this talk about options eliminating risk...how do options eliminate risk? Buying an option you are risking the premium. Selling an option you are risking purchasing shares above market value or selling shares below market value.
How does one sell an option and risk purchasing shares above the "market"??? Are you suggesting one sells ITM puts at a discount to parity?? How does one sell an option and sell shares below "market value"??? Discount to parity on the call??
Too many damn loonies these day throwing good money for worthless things. Why not donate that money to help starving children in Africa FFS?!! Consumerism at its worst.