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Strategies & Market Trends : Technical Analysis - Beginners
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To: PeterS who wrote (8298)6/11/1998 3:37:00 PM
From: David R. Evans  Read Replies (1) of 12039
 
Hello Peter,

The answer to your question is "It depends on the person doing the TA."

TA is no magic bullet; it's a process. I think it's a very good process BUT it is not magic.

You mentioned Lynch, Buffet in your post. Now do you think that "FA" made them successful or do you believe they made "FA" successful??? I believe they made "FA" successful and if they had chosen "TA" then they still would be as successful as they are today.

Successful people will be successful no matter what they do or how they do it. It's the disciplines THEY bring to the game that make they successful. Give me a person who is good at "FA" and I'll have them good at "TA" in a short time. Give me a person who is good at selling cars and I'll make them good at "TA" in a short time. It's not the "TA"; it's the person.

Now, with that said, the person makes the system BUT if the system is bad, it will not work. No matter how good a person is in Math, he or she will not be able to make 2 + 2 = 7...

TA works if you work it right. The amount of money you can make depends on the amount of money you have available to trade AND the money management you have in place. I KNOW people who do this for a living and they live well..

Can you make $10,000 a week using TA? Sure, but do you have a few hundred dollars to put into the game?

Does this help??

Dave Evans
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