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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (7733)	2/7/2006 6:33:51 AM
From: shades	Read Replies (1) \| Respond to of 13449

Not only have I monitored some of the best names in the business, (the market wizards, Crabel, Connors, Raschke, Velez , Pasternak, Guppy and others), I have also monitored some of the pit traders and all of them follow the trading principles and concepts I share here. I learned them from them. Dabum philster talks about making your own charts from ticker tape back in his youth being a professional trader - but today with so many people having much easier access to trading and charts and finding good setups - does this not tremendously affect the ability to find and execute good odds winning positions without a lot of competition? IE in the old days maybe there was 1K professional traders that used these good techniques - but as you, and philster, and millions more learn and share this knowledge and apply these principles - the efficiency of the market is going to go up no and the ability to make as much money is not going to be there correct? IE you used to could make a pretty penny in foreclosure auctions on real estate in fl - but then all the late night tv and internet and such started educating more people to the knowledge and ideas and techniques and quite frankly it has become a lot more difficult to find the good deals without a lot of competition. I have found I had to leave metro areas and go into small towns far away from large population centers to find the good deals anymore - but now that is even hard to do as more and more people with more knowledge flood the market. Then you get into things like program trading and these green light, red light type softwares that can do all this for you with advanced algorithms using the same techniques you teach - and what crumbs are left for the rest of us? hehe Do you see a future where 1 human looking at some scans is just not going to be able to cut it john henry style against the machine? That the odds will change?