>>> Since my basic questions have failed to engender a response <<<
WP, the system you seek will NEVER ... EVER ... NEVER work! In case I didn't make myself understood, it's a waste of time, effort and energy. YOU WILL NOT FIND WHAT YOU SEEK.
Why?
Human emotion, that's why. You want a mechanical system that accurately reflects human emotion. It will never happen.
Buying and selling involves human emotion. People who think logically will set up their investment or trade. They will take the time to do the due diligence. They might even spend hours on finding one single prospect. They identify the trade, measure the risk vs reward, may even decide in advance where their line in the sand is in case the trade doesn't go their way. And what happens? In the heat of the battle, all plans go by the wayside. People get greedy, people get scared, people sell early, people hold too long. Emotion takes over!
How can I be wrong when all of the indicators said I was right? How can I be wrong when all of the data supports my decision? Emotion will take over. Always has, always will. That's why trends go from one extreme to the other.
You want to find a system that will work with little effort as far as monitoring the trade. Fuhgeddabouit pal, it ain't gonna happen.
Why?
Because someone else is on the other side of that trade and someone else is paying attention. Someone else is a professional and they are gonna take your money.
I hope you prove me wrong. If you do, I'll be the first in line to buy your book.
You will not outperform the market by not paying attention to your computer screen when there are those on the other side of the trade who are paying attention.
The only hope you have of achieving what I think your trying to achieve is to play with mutual funds, ETF's or Holders. You'll have to play sectors, not individual stocks to even come close to your objective.
Just my opinion and respectfully submitted.
dabum |
