Registered User Joined: 9/10/2009 Posts: 53
|
I'm not actually asking anyone from Worden to reply! It's just a lighthearted, hypothetical question.When you think about all the layouts they examine, the indicators they test, the code they write, etc, etc, the data at their disposal, it would be a reasonable assumption to assume that if technical analysis really did work, someone (even quite junior) at Worden would have discovered exactly what does and what doesn't work and would be using that knowledge to making a killing. Any thoughts?
|
|
Registered User Joined: 6/15/2008 Posts: 1,356
|
what works for me, might not work for you, or anyone at worden for that matter. unless you take all human intervention out of the equation, and program the stuff into a black box.
|
|
Registered User Joined: 9/10/2009 Posts: 53
|
I only ask because I once had a friend who worked for a bookmakers. He'd spend all day working with odds, reading the racing press, he knew all about the horses, the trainers, the tracks, the jockeys, he knew where the so-called 'smart' money was - and even he couldn't make money gambling on horses. I know someone is going say that trading isn't gambling, but I still think it's a valid analogy.
|
|
Registered User Joined: 6/6/2005 Posts: 1,157
|
Love the question. It's a valid question -- so why not ask it. Here are my thoughts -- at least the ones that jumped off the page when I read the original question. It seems like you're viewing the market like a locked up chest or a rubics cube. That once you have the combo money just pours in. I would say think of it as a job. At your current job -- are their different people at different pay grades? I'm guessing yes. It's my belief that it takes years to become a good trader like it takes years to become a good anything. And sometimes after years you might learn that you're never going to be as good as you want to be. Can someone teach you the law without being the best lawyer in the world? Yep. Can someone teach you how to design a website without being the best web designer in the world? Yep. Can someone teach you the mechanics of profiting in the market without making a killing? I believe the answer is yes. They might not be the best in the world, but to learn from the best in the world might still not make YOU the best in the world.It's been my experience that you can usually tell the snake oil salespeople online. The Wordens aren't those people. They're showing you how to find your way around a price chart. Not the secret to making easy money -- because that secret doesn't exist. David John Hall
|
|
Registered User Joined: 12/31/2005 Posts: 2,499
|
I think temperment and the ability to Plan the Trade and Trade the Plan are key.
If one assumes that Worden staff can deduce customer plans, which I think is unlikely, that is only half the battle. Having the temperment to trade that plan is the harder part of the equestion.
==================================================
A similar question might be "Would a brokerage, by analyzing successful client trade pattern derive/steal the approach and implement a successful trading scheme?" The brokerage has better info than Worden staff based on the actual performance. Worden staff can only view scans and indicators and alerts of an individual.
==================================================
However a related question regarding Worden relates to the Big Brother aspect of Cloud computing, Since a larger cross section of users are using the service Worden could collect statistics relating to scans and stocks and alerts and such. For example collecting Alert information and looking for correlation to Price based on the number of users setting and/or getting alerts on a symbol might provide the ability to anticipate buying pressure and get a good price.
==================================================
Note my conspiracy generator wss turned up to full volume to even come up with this.
|
|
Registered User Joined: 9/10/2009 Posts: 53
|
Working in the industry, they must form certain opinions about trading strategies, it's only human nature.
|
|
Registered User Joined: 2/16/2008 Posts: 1
|
I work in the casino for 5 years dealing poker. my casino has 1000 of poker dealer. we spend 6 hours a day dealing card to player. but can't beat the game and play for living.
|
|
Registered User Joined: 2/13/2005 Posts: 368
|
It is much easier to make money as the dealer (I make money when you buy, I make money when you sell).
If you won't do that, I create volitility with a phone call to my friends in the media to plant a story. It is also easier to sell products and newsletetters to the sheep than it is to trader a rigged market.
I think the famous quote from Al Capone sums it up " It's a racket. Those stock market guys are crooked"
|
|
Registered User Joined: 1/28/2005 Posts: 6,049
|
QUOTE (thekubiaks) It is much easier to make money as the dealer (I make money when you buy, I make money when you sell).
…or as Eddie Murphy said in Trading Places:
“Sounds to me like you guys are a couple of bookies”
|
|
Registered User Joined: 5/9/2010 Posts: 144
|
Knot a question, but how well does tested history work as support or "doesn't work." What's the best percentage, Bookie, Capone, Dealer, game, industry, conspirator, and/or human nature.
|
|
Registered User Joined: 7/30/2007 Posts: 1,072
|
A lot of valid points in this thread, but I can't help but be reminded of the golfer Lee Trevino, who once said (I'm paraphrasing here) ...
"I've never taken a golf lesson because I couldn’t find a teacher that can beat me on the golf course. If a guy can’t beat you, don’t take a lesson from him because if he was that good a teacher he could teach himself how to play."
|
|
Registered User Joined: 12/31/2005 Posts: 2,499
|
Those who can do, do. Those who can't teach. Those who can't teach consult. Those that can't consult, author systems to sell.
|
|
Registered User Joined: 6/6/2005 Posts: 1,157
|
I don't know -- Dan Zanger has a website and he has more money than all of us combined. Lol. Tim Sykes (love him or hate him) seems to have a verified performance. So I'm not so sure it's cut and dry. I think some people like to teach. It gives them something. Others clearly don't know what they're talking about and like to pretend. I'm not a fan of that variety of 'teacher'. Either way you have to pay your own dues sooner or later.
|
|
Registered User Joined: 7/30/2007 Posts: 1,072
|
Agreed. It's never cut & dry. If someone likes to teach because they already make more money than God trading and have the time to show others the ropes, that's great.
It may just be semantics, but I prefer the idea of a mentor to a teacher. I can always go to Amazon to learn about candlestick patterns, etc ... I try to hang with folks who've "been there, done that" and are willing to share their experience rather than their "secrets".
|
|
Registered User Joined: 9/2/2009 Posts: 85
|
Hey guys,
I think this discussion is just spinning wheels right now. I really could care less if the Worden's or its' staff makes money in the market. I just study hard and worry about my specific picks, and if they work out, and if I make money. I am by no means being selfish, but I believe this forum is designed solely for ourselves. My mission is to give winning/affordable picks to the average "Joe" to give him a realistic shot at making serious money. I would like to see this forum discussing individual stocks more instead of just shooting the breeze about topics that get you nowhere.
Thanks,
StarWoodIp
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (pthegreat) what works for me, might not work for you, or anyone at worden for that matter. unless you take all human intervention out of the equation, and program the stuff into a black box.
that is flawed. You can box all you want into a black box, but in the end there is a human watching the black box.
Been there done that (long time ago) - it doesn't work. And it isn't only the human nature, but the humans in the middle of the trade (market makers).
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (normant) I work in the casino for 5 years dealing poker. my casino has 1000 of poker dealer. we spend 6 hours a day dealing card to player. but can't beat the game and play for living.
Because it is not only about the strategy of the game, but about how deep your pockets are.
To beat a casino your pockets have to be really deep. Mostly the house always win regardless.
If you can keep your losses short and eventually get a big run then you may be back on business, but good luck with that.
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (thekubiaks) It is much easier to make money as the dealer (I make money when you buy, I make money when you sell).
If you won't do that, I create volitility with a phone call to my friends in the media to plant a story. It is also easier to sell products and newsletetters to the sheep than it is to trader a rigged market.
I think the famous quote from Al Capone sums it up " It's a racket. Those stock market guys are crooked"
Agree. What I don't understand is why Capone couldn't buy his way in. Just like the members of our congress and senate do legally while it is illegal for anyone else.
Not that I think Capone would care whether it was legal or illegal. but regardless that is the only way.
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (diceman) QUOTE (thekubiaks) It is much easier to make money as the dealer (I make money when you buy, I make money when you sell).
…or as Eddie Murphy said in Trading Places:
“Sounds to me like you guys are a couple of bookies”
Yeah, I agree too. I also watch the movie. Also overtime we all have watched the same movie all over again everyday. It happens everyday - insider trading and manipulations by the dealer.
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (davidjohnhall) I don't know -- Dan Zanger has a website and he has more money than all of us combined. Lol. Tim Sykes (love him or hate him) seems to have a verified performance. So I'm not so sure it's cut and dry. I think some people like to teach. It gives them something. Others clearly don't know what they're talking about and like to pretend. I'm not a fan of that variety of 'teacher'. Either way you have to pay your own dues sooner or later.
Have you seen his bank account? I am sure that is why he needs a web site.
Have you seen Bernakes web site, or Buffet, or Bill gates among other true millionares? Hmmm?
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (remobile1) Working in the industry, they must form certain opinions about trading strategies, it's only human nature.
It doesn't matter how many tools you have around or how many hypothesis to proof.
It is not about that. It is about having enough money to fit in with those who are already there and network withing.
Just ask your members of congress or senate among some.
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (jas0501) Those who can do, do. Those who can't teach. Those who can't teach consult. Those that can't consult, author systems to sell.
Yeah, I believe you need neither one of those to make real money in the markets. On the other hand, if you like to tinker and play - take them all.
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (Putt4Dough)
Agreed. It's never cut & dry. If someone likes to teach because they already make more money than God trading and have the time to show others the ropes, that's great.
It may just be semantics, but I prefer the idea of a mentor to a teacher. I can always go to Amazon to learn about candlestick patterns, etc ... I try to hang with folks who've "been there, done that" and are willing to share their experience rather than their "secrets".
Never is. I have been trading the markets since 1992. I can tell you it is not about the tools, the data, the programming, or any ot those.
YOu would do better off putting your time and resources to meet, and get to know the people inside. Certainly that is not quite as easy as buying a subscription and tinkering with tools, but it certainly pays off.
It takes a lot of money to make money. In their network that is the only label that makes you acceptable.
Think about it. Without real and trustable inside information the odds of makin any money are remote. There is a middle man - he gets pay first. Then there are commisions - he gets pay second, and then there is uncle sam - he gets pay third. When do you get pay? rarelly - that is the reality.
They know that if you are tinckering you have money to lose. Noone feels bad about it - they are there to take it.
The markets work just like anything else in the world. You do some thing for me - I do something for you. We both profit. The third party - You - lose.
|
|
Registered User Joined: 6/6/2005 Posts: 1,157
|
Bill, google Zanger - yes - the world has seen his bank account. He holds the world record for market returns has been profiled by numerous media outlets, etc. also many money managers have websites. Just because someone has a website doesn't make them a failed trader. On the flip side, just because someone does have a website doesn't mean they know what they're talking about. Starwood, if this thread isn't for you, stick to the threads you like. How traders perceive the markets, decide whats possible, who they learn from, has just as much to do with their bottom line as stock picks do. In fact I would tell new traders to stay AWAY from stock pick threads. Stock picks from others will drain your account faster than you can say 'Do the Wordens make money trading?". Lol. Putt, agreed - I like the term mentor as well.
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (starwoodip) Hey guys,
I think this discussion is just spinning wheels right now. I really could care less if the Worden's or its' staff makes money in the market. I just study hard and worry about my specific picks, and if they work out, and if I make money. I am by no means being selfish, but I believe this forum is designed solely for ourselves. My mission is to give winning/affordable picks to the average "Joe" to give him a realistic shot at making serious money. I would like to see this forum discussing individual stocks more instead of just shooting the breeze about topics that get you nowhere.
Thanks,
StarWoodIp
Well you can continue to study hard and worry about your specific picks - it will probably get you nowhere.
Your mission is flawed fron its origin. You mush be selfish in nature to make money in the market.
You are not doing a favor to anyone by giving your picks to the "average Joe".
You say you give him a realistic shot at making real money? Really? You decide that or He does?
Are you above average Joe? I have a hard time seeing that.
The first rule any experience player know is not to take picks from anyone, except from those inside.
That information doesn't come either easy nor cheap.
The second rule any experience player knows is not to give out his plays - not until is time to profit anyways.
Are you the one giving the penny stocks? I am sorry to ask, not familiar with what you have been offering to these folks. If that is the case you may want to rethink your "mision".
Good Luck.
|
|
Registered User Joined: 1/12/2009 Posts: 235
|
[
StarWoodIp[/QUOTE]
Well you can continue to study hard and worry about your specific picks - it will probably get you nowhere.
Your mission is flawed fron its origin. You mush be selfish in nature to make money in the market.
You are not doing a favor to anyone by giving your picks to the "average Joe".
You say you give him a realistic shot at making real money? Really? You decide that or He does?
Are you above average Joe? I have a hard time seeing that.
The first rule any experience player know is not to take picks from anyone, except from those inside.
That information doesn't come either easy nor cheap.
The second rule any experience player knows is not to give out his plays - not until is time to profit anyways.
Are you the one giving the penny stocks? I am sorry to ask, not familiar with what you have been offering to these folks. If that is the case you may want to rethink your "mision".
Good Luck.
[/QUOTE]
Spoken like a real failure that never made any money in the markets.
|
|
Registered User Joined: 9/2/2009 Posts: 85
|
QUOTE (traderm30) [
StarWoodIp
Well you can continue to study hard and worry about your specific picks - it will probably get you nowhere.
Your mission is flawed fron its origin. You mush be selfish in nature to make money in the market.
You are not doing a favor to anyone by giving your picks to the "average Joe".
You say you give him a realistic shot at making real money? Really? You decide that or He does?
Are you above average Joe? I have a hard time seeing that.
The first rule any experience player know is not to take picks from anyone, except from those inside.
That information doesn't come either easy nor cheap.
The second rule any experience player knows is not to give out his plays - not until is time to profit anyways.
Are you the one giving the penny stocks? I am sorry to ask, not familiar with what you have been offering to these folks. If that is the case you may want to rethink your "mision".
Good Luck.
[/QUOTE]
Spoken like a real failure that never made any money in the markets.
[/QUOTE] First of all, I would like to thank you, traderm30, for your comment in response to Bill.
Obviously, you understand trading and what technical analysis is all about. Isn't that why this forum is put here by Worden Brothers? Why do they call their product Telechart? All these threads about certain strategies, indicators, and teachings, are they not created to pick stocks from pattern recognition? Why does Worden have PCF's in Telechart to reduce the number of stock candidates to scan nightly? I am surprised that Bill is even in this forum, even though it is a free and open forum to all. I am sorry, but to study repeating patterns and the charts is not a crime! The more you study, repeat things, and practice, the better you get at it. Ask any coach in the NFL right now that have made the playoffs if that is not true.
In closing, I applaud intelligent and decent people in this forum like traderm30 and scanit , to name a few. As for individuals like fpoetry and Bill B, you are both dispicable and have a lot to learn, and after this post, would never waste my time or breathe on either of you. To all others, have a great, healthy, blessed, peaceful, and prosperous New Year...
Regards,
StarWoodIp
|
|
Registered User Joined: 11/25/2006 Posts: 51
|
QUOTE (davidjohnhall) Love the question. It's a valid question -- so why not ask it. Here are my thoughts -- at least the ones that jumped off the page when I read the original question. It seems like you're viewing the market like a locked up chest or a rubics cube. That once you have the combo money just pours in. I would say think of it as a job. At your current job -- are their different people at different pay grades? I'm guessing yes. It's my belief that it takes years to become a good trader like it takes years to become a good anything. And sometimes after years you might learn that you're never going to be as good as you want to be. Can someone teach you the law without being the best lawyer in the world? Yep. Can someone teach you how to design a website without being the best web designer in the world? Yep. Can someone teach you the mechanics of profiting in the market without making a killing? I believe the answer is yes. They might not be the best in the world, but to learn from the best in the world might still not make YOU the best in the world.It's been my experience that you can usually tell the snake oil salespeople online. The Wordens aren't those people. They're showing you how to find your way around a price chart. Not the secret to making easy money -- because that secret doesn't exist. David John Hall
Very good repsonse, with many insights any trader can take to heart.
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (starwoodip) QUOTE (traderm30) [
StarWoodIp
Well you can continue to study hard and worry about your specific picks - it will probably get you nowhere.
Your mission is flawed fron its origin. You mush be selfish in nature to make money in the market.
You are not doing a favor to anyone by giving your picks to the "average Joe".
You say you give him a realistic shot at making real money? Really? You decide that or He does?
Are you above average Joe? I have a hard time seeing that.
The first rule any experience player know is not to take picks from anyone, except from those inside.
That information doesn't come either easy nor cheap.
The second rule any experience player knows is not to give out his plays - not until is time to profit anyways.
Are you the one giving the penny stocks? I am sorry to ask, not familiar with what you have been offering to these folks. If that is the case you may want to rethink your "mision".
Good Luck.
Spoken like a real failure that never made any money in the markets.
[/QUOTE] First of all, I would like to thank you, traderm30, for your comment in response to Bill.
Obviously, you understand trading and what technical analysis is all about. Isn't that why this forum is put here by Worden Brothers? Why do they call their product Telechart? All these threads about certain strategies, indicators, and teachings, are they not created to pick stocks from pattern recognition? Why does Worden have PCF's in Telechart to reduce the number of stock candidates to scan nightly? I am surprised that Bill is even in this forum, even though it is a free and open forum to all. I am sorry, but to study repeating patterns and the charts is not a crime! The more you study, repeat things, and practice, the better you get at it. Ask any coach in the NFL right now that have made the playoffs if that is not true.
In closing, I applaud intelligent and decent people in this forum like traderm30 and scanit , to name a few. As for individuals like fpoetry and Bill B, you are both dispicable and have a lot to learn, and after this post, would never waste my time or breathe on either of you. To all others, have a great, healthy, blessed, peaceful, and prosperous New Year...
Regards,
StarWoodIp[/QUOTE]
No, you are mistaking. Last I check this thread is titled "Stock and Market talk".
Just because you think that technical analysis is all there is to trading doesn't make it that way.
In fact you will learn with time that TA won't get you too far in the markets. Been there done that.
I was trying to help despite your take on it. Go ahead and pay your tuition if you wish.
Anyways, do politics, economics, insider trading, market makers, company fundamentals, news, and many other thing affect the markets and their equities, options, futures, etc??? That is all part of "Stock and Market Talk" last I know.
Ask your members of congress and senate - they can paint the charts before you see them.
So I am sure they can tell you where your charts will go before your TA does. Hey they supposedly work for you.
Here take a look in case you haven't seen this or you like to refresh your memory.
http://www.cbsnews.com/video/watch/?id=7388130n&tag=contentMain;contentAux
Have a nice day.
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (traderm30) [
StarWoodIp
Well you can continue to study hard and worry about your specific picks - it will probably get you nowhere.
Your mission is flawed fron its origin. You mush be selfish in nature to make money in the market.
You are not doing a favor to anyone by giving your picks to the "average Joe".
You say you give him a realistic shot at making real money? Really? You decide that or He does?
Are you above average Joe? I have a hard time seeing that.
The first rule any experience player know is not to take picks from anyone, except from those inside.
That information doesn't come either easy nor cheap.
The second rule any experience player knows is not to give out his plays - not until is time to profit anyways.
Are you the one giving the penny stocks? I am sorry to ask, not familiar with what you have been offering to these folks. If that is the case you may want to rethink your "mision".
Good Luck.
[/QUOTE]
Spoken like a real failure that never made any money in the markets.
[/QUOTE]
I would say that you got about 90% of your sentence correct. You missed on the failure and money.
What else can I say...
|
|
Registered User Joined: 10/7/2004 Posts: 114
|
I think this is a "valid question" as well... but more importantly is it a legitimate concern?
I think a more legitimate concern is what are the Worden Bros. intentions?
Has it been to share and educate?... or mislead and pander to our human weakness to get rich quick?
When you compare the Worden Bros. intentions to other market tool vendors... it becomes very obvious they are a pretty stellar provider.
The Worden Brothers merely provide an (award winning) tool for technical analysis... and a means for educating oneself about the tool, the techniques, and the market.
If your goal is to get rich quick...If you are trying to outsmart the market, or think you are smarter than others in the market;....Then your in the wrong place, and it has nothing to do with the Worden Brothers... or if they make money.
|
|
Registered User Joined: 5/9/2010 Posts: 144
|
:D That was very STELLAR of you to say!
|
|
Registered User Joined: 9/10/2009 Posts: 53
|
Oh dear, I do seem to have unleased some vitriol here...and with such an innocent question as well.I'm wondering whether some of you have even read my question. I wasn't asking for advice on my trading. Neither did I say that no-one makes money. I will repeat my point for those unable to understand my original question. If people who spend all day writing indicators, reviewing layouts, tweaking code, etc, are not able to use that experience to find an edge in the market themselves then that tends to confirm what I already think: that indicators don't work. It doesn't matter whether these staff work on Stockfinder, Tradestation, Metastock or anything else.
|
|
Registered User Joined: 6/13/2011 Posts: 88
|
QUOTE (remobile1) Oh dear, I do seem to have unleased some vitriol here...and with such an innocent question as well.I'm wondering whether some of you have even read my question. I wasn't asking for advice on my trading. Neither did I say that no-one makes money. I will repeat my point for those unable to understand my original question. If people who spend all day writing indicators, reviewing layouts, tweaking code, etc, are not able to use that experience to find an edge in the market themselves then that tends to confirm what I already think: that indicators don't work. It doesn't matter whether these staff work on Stockfinder, Tradestation, Metastock or anything else.
Remobile, your question has been answered by me a thousand times in this forum.
No they don't work to make you rich. they are not the holy grail. for the most part folks basing their trades in TA lose. Just like in a casino, you play long enough you lose.
The only thing that works in the market is knowing before it happens. Only a few have the connections and can afford that.
Those are the ones that profit in big ways from the market. And among those like I said are your senators and congress men and women.
What happen to the changes to the insider trading rules for congress and senate - NOTHING is in the back burner and more likely than not it will not change. A shame that a senator or congress man can use insider trading information without going to jail, but the 99% of people CAN'T.
|
|
Registered User Joined: 1/12/2009 Posts: 235
|
Is this the World according to Baker?
|
|
Registered User Joined: 3/8/2011 Posts: 58
|
First off trading is not gambling. If you think it is you're not a good enough trader yet. When you can get anywhere from 60-85% odds of success from certain setups you are not gambling, Finc me a casino game where you can do that.
Most authors do not make as much money in the market as they do from their books. or from teaching seminars.
I would think the people at Worden make more money with their software than they do with trading. That being said, they certainly have enough experience to make a decent living from trading.
I'm a daytrader and I make money every month, year after year. It is my only source of income. All it takes is screen time, and the ability to understand support, resistance, and price action.
|
|
Registered User Joined: 5/27/2007 Posts: 1
|
No way. The most accurate indicator of which way a stock is going is in the Worden Report. When I look in old reports, then check on how the stock did, the reports are almost 100% wrong. Still, a great indicator.
|
|
Registered User Joined: 3/8/2011 Posts: 58
|
QUOTE (Bill Baker) QUOTE (Putt4Dough)
Agreed. It's never cut & dry. If someone likes to teach because they already make more money than God trading and have the time to show others the ropes, that's great.
It may just be semantics, but I prefer the idea of a mentor to a teacher. I can always go to Amazon to learn about candlestick patterns, etc ... I try to hang with folks who've "been there, done that" and are willing to share their experience rather than their "secrets".
Never is. I have been trading the markets since 1992. I can tell you it is not about the tools, the data, the programming, or any ot those.
YOu would do better off putting your time and resources to meet, and get to know the people inside. Certainly that is not quite as easy as buying a subscription and tinkering with tools, but it certainly pays off.
It takes a lot of money to make money. In their network that is the only label that makes you acceptable.
Think about it. Without real and trustable inside information the odds of makin any money are remote. There is a middle man - he gets pay first. Then there are commisions - he gets pay second, and then there is uncle sam - he gets pay third. When do you get pay? rarelly - that is the reality.
They know that if you are tinckering you have money to lose. Noone feels bad about it - they are there to take it.
The markets work just like anything else in the world. You do some thing for me - I do something for you. We both profit. The third party - You - lose.
If you've been trading the markets since 1992 and the best you can come up with is that you need inside information to make money in the markets then you should just face the fact that you don't get it.
There is nothing to be ashamed of because there are a lot of people that don't get it, but remember one thing, just because you don't get it, doesn't mean that others don't either. I'm sorry to inform you that as a losing trader you do not represent all traders. You may represent 95% of them, but not all. Just as there are few people that can play profressional sports, or become doctors or scientists, there are also few people that have the ability to make a living from trading. I would say after 20 years of trying you should definitely give up, or perhaps you can teach people what not to do.
|
|
Gold Customer
Joined: 3/10/2008 Posts: 1
|
Making money in the Market using TA really has less to do with the "system" or indicators you use and more to do with YOU and your mentality... I always go with the KISS system and follow it AT ALL TIMES... When my "System" tells me to buy I buy and when my "System" tells me to sell, I sell... You can use a simple 5-13-40 Moving average cross and make money as long as you buy and sell when you are told to WITH NO EXCEPTIONS.... It's the SELL side that gives most people the trouble and they are the ones who will not make money in the market no matter what system they use...
Dave
|
|
Registered User Joined: 5/17/2012 Posts: 106
|
Yea you are hitting on all two cylinders. I don't know what cloud computing is but it sounds dangerious If a mysterious party wants to make it dangerious. I would like to believe that Worden Brothers only tracks a users trading and t echnical analys to improve their software. The Affiliation with TD American of which i have no experience with. How did that affiliation develop ? Which company approached the other to develop the relationship. And who started the relationship between the Third party data crowd that allows Gold members realtime quotes. That's why I chose Platinum. To eliminate at least one source of suspecion. i noticed the data changed over at TradeStation. and The change is apparent here as well. I tend to think that TradeStation change the data to specifially to foil my tecfhnical analysis. But maybe I was preforming my technical analysis when the data was out of whack and TS got it fixed . So in that case both TS and Worden Brothers is not tampering with the data and my generator is in runaway mode.
Now in Jas0501's last paragraph he talks of gettin a good price as an objective. In my opinion that is not the objective of the cloud computing bad guys. The objective would be to identify which markets to trade to skim the retail cream of their trading accounts.
I just can't imagine that every stock could be monitoredby the Cloud Crowd. they would need a signal like a retail trader researching a stock on a website . Say on a free site like Yahoo. . See that's what is going on at Yahoo right now. a CEO with affiliation with the Cloud Crowd is being positioned to be selected by the Board. Thats why there is a turn over at Yahoo. Not just because its the K-Mart of the search engine world but there is still value in the advertising venue and the 70,000 message boards they have for the Cloud Crowd.
Worden Brothers don't push DayTrading and that's a feather in their cap as far as my opinion of them. DayTrading didn't evolve as it says in Wikip[edia, It was designed and the Emini Market was a part of that plan . Forex I don't know when it got going but it must of been adapted in to the plan.. I don't have to inspect it to figure its a timebomb tcking away for the retail trader.
So feel confident that Worden Brothers is not affiliated with the Cloud Crowd. To their knowledge ..
|
|
Guest-1 |