Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: David R. Evans who wrote (8285)	4/6/1998 8:50:00 PM
From: Spots	Read Replies (1) \| Respond to of 12039

Thanks

To: David R. Evans who wrote (8285)	4/18/1998 11:25:00 PM
From: PeterS	Read Replies (3) \| Respond to of 12039

Dave, I would like to ask a question not really related to the ins and outs of technical analysis but still closely related. I'm relatively new to technical analysis and my background was always skewed towards story-stocks and fundamental analysis. After reading few hundred of the initial posts on this thread I realized that you are very well versed in TA and that you use it for your trading decisions almost exclusively and that you have been doing this for a considerable amount of time. Thus the question is directed to you although everybody is welcome to jump in. I have a question about the ultimate results of TA. I realize that there is a difference betweem trading and investing and that there is a variety of investing/trading philosophies but in numerous publications you can read claims about the superiority of buy and hold methods (Lynch, Buffet, ...) and statements like "lots of buy-and-holders are millionaires but hardly any trading types". Please, do not hold me to that statement, I am just trying to set the stage. My question is what kind of return can be reasonably achieved over time by using purely a TA system with no regard for stories or fundamentals (other than the likes of IBD 70/70, CANSLIM, ...), i.e., without following news releases and annual/quartely reports. I guess I am just trying to benchmark myself against people and not against indices. Thanks, Peter