"I'm curious if you noted the professional challenge, that Mike talked about, that went unanswered by the top TAs, why do you still hold onto the idea?"
I guess because of my brokerage account balance, and it's relation to my use of TA. I have heard a lot of people tell me I can't do that which I do for a living. Should I believe them or my own eyes? I'll put my ROI up against that fund managers as well, although it would be a fair fight. After all, I can put more than 5% of my account into a single trade.
"If we could setup parameters without too much effort, or if my payoff on the expected win was high enough, I'd be very willing to go ahead."
Hmm, I have a policy that I place all of my bets with my broker. It's probably something that couldn't be quantified. I suspect you'll object to my use of if/then parameters, and demand that I perform like a psychic. I'm not sure what most disbelievers are looking for in TA. I'm perfectly happy with 'if DELL crosses 69 1/4 (the former all time high) buy it and hold it unless it closes lower than 69 1/4.) It worked when DELL went through resistance at 60. I guess I just have this strange notion that supply and demand makes a difference when it comes to the price of a stock, and that one can quantify s&d with the use of technical charts. Just FWIW, my stop on DELL is now at 69 3/4, FWIW.
Barb |
