calling TA "misleading" on this thread
Up until 2000, good stories and bright expectations worked by far the best. When the Naz started crashing, even many of those who previously despised TA, quickly became chartists, talking "lines", MA's, supports, etc. There is no way I can find that post, but I remember writing back then that next group "scheduled" to get it over the head were the TA people. I still think it was an interesting insight. The only thing one can be certain about the markets, is that the majority of participants over time - eventually - will lose money. And that will include the majority of traders - whether TA or others - and... of the hedge funds.
Commercials make money because they are patient, and they tend not to "initiate" trades, but take the opposite side of those who do, thereby giving them enough rope.
So, what's the best strategy? I think it is clear - stick to good risk / reward plays, and heartlessly cut losses when wrong. And... the only way of accomplishing that, imo, is still some sort of TA. |
