|
PureBytes Links
Trading Reference Links
|
w.murray wrote:
>
> I am in the process of learning TA.I have had little success with
> fundamentals and just gut feelings to make selections. Those of you that
> have or are now using TA to determine your stock selections, could you
> share with me your opinion on using TA plus or minus. Those of you who have
> had success let me know how you do it, what indicators you use etc. Those
> of you who have given up on TA share with me what you are doing now ,and
> why you gave up on TA. Thanks.
W.murray,
1. Trading based on fundamentals uusally puts you at least two steps
behind the market.
2. Trading based on conventional technical anaylsis usually puts you
at least one step behind the market.
3. During my 30 years of market studies, I have found that only
cycles, Astrology, or Fibonacci time-price analysis, offer any potential
for allowing one to make profitable trading decisions coincidental with
or in advance of market action.
4. Never "give up". A trader's challenge is to adapt or die. The
dinosaurs failed to adapt and gave up. Seen any dinsaurs alive lately?
Adaptively,
Norman
|