Would you claim all FA traders use the same method? No you
would not: So please stop putting ALL TA Traders into your same pigeon hole. Ta
traders are as varied as nationalities on the earth and often as
different.
You use a form of FA trading that works for you: Great, A
little TA observation here and there cannot possibly detract from
that.
My system is different for each market I trade: it is
different than it was six months ago and hopefully it will be different again in
another six months.
My system for Option Trading Gold and Silver is and has been
running at 70% accuracy
My system for Us Stocks is @ 63% Accuracy
My system for the Forex is @ 22% Accuracy
Horses for courses my friend, My goal is have them all at 80%
If I have to use Fa methods juxtaposed to my own to achieve that then so be it.
There I am like you I must win. I trade to become a better Trader: Have not
resorted to Tarot Cards, or Palm Reading yet but! Hey what works Works suits
me!!
Subject: [sharechat] Hybrid ta fa
approach reply by macdunk
Hi
Gavin
Each to their own, I can only comment on my method that works for
me. I use the FA approach to list well run honest companies with
potential, and the same system to list companies that I would never
consider. The SNOOPY method If you like. I then take a
couple of lessons from PHEADRUS to see where they have been, and what the
market expects. I search for trends, this method relies on common sense
and practical know how. When a sector In my opinion starts
trending I select the best run company In that sector, and Invest half the
Intended amount with a strict stop loss. If all goes well
and the Investment behaves as anticipated I Invest the other half.
I always have a stop loss which varies with circumstances and never allow
myself to become emotionally Involved. I hold as long as the
run lasts but am Inclined to jump to soon. I spend a little time each
night keeping track and sometimes do a little research on the practical
front. My decision Is based on a 20pc plus divi return
expectation. I would be Inclined to buy before the TA
traders and sell before the FA traders. Like HOOP I
find that very simple straight common sense works best, others to their
own systems, I dont want every Investor copying me [heavon forbid]. There
will never be a computer program to buy that makes money without effort If
there was we would all buy It some people are dumb enough to think there
Is. Stop losses get set to your level of risk
tolerance and confidence. Success requires effort with little effort the
chances of success Is
minimal.
cheers macdunk
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