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Old 04-02-2007, 03:13 PM
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Re: Trade the Markets

One of threads in this forum, I ran some backtesting on the TTM and the results are less than convincing. You have to take into account indicators work at time or another. And these services work at one time or another. You have to find that works consistently in order to stay alive. Always view things with healthy skepticism and go slowly toward your goal. There are more pitfalls than you imagine on the road ahead. You have to imagine likely events before they even happen (I'm paraphrasing Bruce Kovner here).

Spending money on these services are OK if you are really learning something. My opinion is learn the strategies, techniques, methods on your own and find what fits you and your personality and financial situation. Then if you must, get a mentor (paid or unpaid) to guide to the rest of the way. This is more valuable than getting a strategy at $400 a pop (because you will be disappointment). Getting to a strategy that finally fits you may take many months if not years (1000 indicators out there and counting), by that time going from service to service, you'd be broke. All strategies will work at one time or another but the mentor to guide you through the period when the strategies don't work is what really counts.

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Last edited by torero; 04-02-2007 at 03:19 PM.
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