soros is an incredible trader...............my ass, he influences governments and obtains inside info. Honest soros.............now i have heard it all.
You know that Bruce kovner was even 30 when he first started and make big cash of course he had before some practicing finding his edge etc.
But he was a cab driver and loaned 3000 bucks and catched a mayor bull market run in the soyabeans from there it whent further.
I tell you from my own experience i was fully in to technical and i though all fundies are bullshit serious it aint i thinking the market is now at the moment technical oke because it is more rangy so adopt to enviroments. Got 1 more guy here on ff a hidden gem trader888 look him up read his post then read the book the new market wizards read the chapter the sultan of currencies with bill lipschutz another huge macro player he is purely fx.
Game is like this if you wrong you cut when you right you increase.
In the move floored there is that drunken floor trader sitting on his pool table dont remember his name now greg something bit loonie guy but what he says it is true.Is it easy no it isnt
Fundamentals give you a idea technicals can back it up and give you reference points on a chart to enter a market on certain points.
I saw in some points you talk a lot of ranges and that is 1 thing in technicals what has to me the most respect because it something whe can measure. Same like % etc from open so same again a line. Support and ressistance is something what also works but most fight the flow and when the flow change they ussually to late and when the flow ends looking for big gains ussually bottom is near then or they are to late to reconize it because on macro geopolitical scale or something else what is important has changed so they are again to late reconize the change in flow dont cut there loss average down ego problem i am right the trend is up or down it will come down or go up.
What eventually will lead to a margin call or a huge loss. Trading is a waiting game like Mr livermore also pointed out 1 guy you also pointed out.
People sometimes make the mistake of believing that Jesse Livermore was a purely technical trader.
It's true that Jesse would try to exploit the market using his technically based tape-reading skills and it's also true he wouldn't worry too much about the reasons behind the numbers on the tape.
At other times though - as he explained in Reminiscences of a Stock Operator he would act on his understanding of the fundamental economics of a situation.
The United State World Trade Corporation operated around the world. It owned shipping lines, coffee plantations in Guatemala, hydroelectric plants in Bolivia, banks in Peru and conducted a huge export business.
In a bear market, the public remembered that USWT's business was spread all over the world and so could divide its risks. The company continued to pay its quarterly dividend.
The bear market developed with severe declines. USWT stock descended in a leisurely manner. One day when the rest of the market showed an improvement, USWT stock suddenly fell five points on the highest volume in months.
Conclusion imo oppinion is that it has to be balanced. and whenyou looking for someone who purely daytrades what not many can do in this bussines on the long run. And i know some traders who are long in this bussines they all come with the same they dont know many daytraders who can substain in the long run. They have burst but sometimes it is a good traders market daytrading and sometimes it is time to stack and let it run. Adopting will make someone a good trader imo.
And patience for a setup.
Someone who purely relies on his technicals because that is what works and only this timeframe and all blah is imo a gambler and not a trader because he is still in the 50/50 bussines.
Dont feel offended it is my oppinion and experience.
Everyone with at least some brains left knows very well that neither techs nor fundies are the only answer.
