Warren Buffet Not a Fan of the Charts - Agree or Disagree? - Page 2
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Thread: Warren Buffet Not a Fan of the Charts - Agree or Disagree?

  1. #11
    Interesting to notice your points and many other remarks here financing TA. I will attempt to rebuttal them since I am a huge proponent of FA.

    Quote Originally Posted by ;
    quote Buffet has also confessed to being incorrect. Especially on great stocks such as Apple, Microsoft, Google and Amazon. The charts do not lie that they are great stocks. Stocks he regrets not possessing. Just to demone that you can be wrong and also make a mega fortune
    Hmm... Im fairly confident that I an almost everybody else will preferably be wrong and earn a fortune than be right and drop money.

    Quote Originally Posted by ;
    quote The reason for this is since TA is generally more successful as a short term egy. For the long term, fundamentals are exceptional. Because large fund managers can't dart in and out of shares like this, TA is generally less valuable to them. They go way too much cash and would move the market a lot just by entering and exiting their positions. This would lead them to a whole lot of slippage and result in losses. Retail investors are nimble enough to utilize short term TA techniques to profit in this way because of their little $$.
    Then again, supposing that MOST retail traders rely largely on TA (An inference which I made while lurking about trading forums). And the famous belief that 95% of retail traders are unprofitable...

    Seeing all the comments announcing FA is for long-term investing while TA is for short-term trading.

    I really don't see evidence that FA can't operate in the short term. A famous example is Geoge Soros breaking up the BoE. He established his trade on FA and reportedly pocketed 1 billion dollars in one moment. If thats not short-term afterward I dont know what is!
    On the flip side, I dont see any complete time retail trader who rely on TA...

  2. #12
    Quote Originally Posted by ;
    I don't see evidence that FA can't operate in the brief term. A famous instance is Geoge Soros. He based his trade on FA and reportedly pocketed 1 billion dollars in one day. I dont know what is, if thats not short lived then! On the flip side, I dont find any complete time retail trader who rely on TA...
    FA can definitely work in the brief term too, but I just mean it is generally less powerful as short term egy because typically time is a massive element in letting a fundamental prediction unfold. That is the reason you won't find any day traders who rely solely on on FA. FA generally doesn't clearly define when to enter and exit a position. Quite often, it doesn't very clearly define risk of a specific position , and instead relies on handling the risk of the overall portfolio.

    Most retail traders are unprofitable irrespective of approach. It is just a damn challenging way to make money.

  3. #13
    Quote Originally Posted by ;
    Interesting to notice your points and a lot other remarks here financing TA. I will attempt to rebuttal them as I am a huge proponent of FA. quote Hmm... Im pretty sure that I an almost everyone else will preferably be wrong and make a fortune than be right and lose money. quote Then again, supposing that MOST retail traders rely largely on TA (An inference which I made while lurking about trading forums). And the renowned notion that 95 percent of retail traders are unprofitable... Regarding all the comments stating FA is for long-term investing while...
    That's because total time retail traders are too busy making money from people who incorrectly apply TA and FA to bother teaching them how to do it properly. They will need to maintain synergy. When investing TA; you already understand what the FA is. You understand what the TA is when investing FA. Warren Buffet does use TA. He just doesn't base his conclusions on it because he already understands how it functions.

    I am also pretty sure he never actually made the referenced statement. A more accurate statement from him regarding TA is: It's much better to buy a wonderful company at a fair price than a fair company at a superb price. That is TA. Price.

    Another announcement he made regarding TA is Th e trick in investing is just to sit there and observe pitch after pitch go by and wait for the 1 right on your sweet spot. And when people are crying,'Swing, you bum! ,' ignore them.

    It's why everyone who is trading technicals profitably will laugh at you for trying to pick tops and bottoms. TA is about finding the sweet spot.

  4. #14
    Quote Originally Posted by ;
    Interesting points about the distinction between investing, trading, and buffett not knowing how to utilize TA. To make a case for Buffett. I have not ever seen or heard of any hedge funds or fund supervisors using TA to exchange. I have also not seen much fund managers/analysts on Bloomberg highlighting their commerce recommendations or analysis on TA. Wall St, in which big money is, almost fully uses FA. Together with the occasional TA utilized to support the fundamental ideas. Anecdotally, we see almost fully TA on retail trading forums. If TA was really profitable, shouldn't...
    From what I have heard and read everything you've said here is basically 100% right.

    Having said that, I know just one FX trader who utilizes TA, and runs a private fund which is extremely always profitable (more here).
    Https://www.youtube.com/channel/UCT4...tx7i903Yxcwxjw is a well-known ex-prop trader who utilizes TA and trades for a living.

    I also know a couple of other FX traders that utilize mainly FA and are profitable for many years.

    Of course WB invests in stocks, not FX. He buys if he believes that worth gt; price, as indied by his famous http://www.valuewalk.com/2014/09/war...famous-quotes/. However, he's http://fortune.com/2015/09/03/warren...st-11-billion/.

  5. #15
    Quote Originally Posted by ;
    In my estimation, FA is investing. It has no entry nor exit stage, unless your initial entry is on a news release. Then you sit and watch the paint dry. It's like investing in real property or property. It takes a long time. It's retirement income, not daily income. It's all about imagining on a long term move with no prior knowledge of the data behind the move. In the event of investors like Buffet, they buy commodities and sit them on for 50 decades. While he may not pay attention to TA, you can believe his partner is performing this work for him. Even though...
    I consider FA in currencies to add changes in short-term sentiment and identifying when folks are over-reacting failing or emotionally to react due to their emotiona. Cash is directly tied into survival for the majority of people and invokes such devious answers. People are fundamentally irrational and have a tendency to possess abhorrent control over their amygdala. It is such a stupidly simple notion which never fails to provide a trusted border. Scared money never wins.

  6. #16
    Quote Originally Posted by ;
    quote I don't require FA to observe that. I should say that I am an intraday trader. FA is futile to me. A time period is merely a time period, so that I will trade the tiny ones over and over and over and over and over. When FA is released, I am sitting out of this market until the stop searches complete and also my tools reset their measurements. Then I go back to pursuing buyers and vendors. My sole interest in FA is tracking what time it is released so I am not in the spikes. Sentiment affects 2-3 times a day normally, with 4-8 profitable direction changes, so why...
    I trade intraday as well. I only find it makes reliably succulent swing transactions occasionally when the news is not expected. Trump is my hero(however, by now, people should expect anything from him).

  7. #17
    @
    Thank you for showing me profitable TA traders. But I have my reservations on their legitamacy...
    Nothing wrong with your suggestions but it's just the nature of the industry that makes me very skeptical and critical.

    I'd reject the notion that FA cant be utilized on currencies. It surely can. However, IMO the kind of FA being taught on the websites such as babypips are too diluted and simplified.

    @dkrock
    I visit your view regarding TA FA. I digress together with your comprehension of FA.
    As I mentioned before, FA can be employed to identify short-term transactions. FA isn't just for 500 year-old investing.
    Based on your description of FA, it's comparable to me saying that TA is only Fib amounts, RSIs, MAs, and doubletops formations, and 5m chart trading on FX.
    But we shant get into an argument on which constitutes TA FA.

    I know and respect your capacity to profit off TA readily. But cite or you've yet to provide any form of justifiion concerning the uselessness of FA.

    Perhaps we should replie the Buffett-Hedge Fund wager?
    10 years, TA retail traders versus currency funds. Not 1 million. Lol

  8. #18
    Quote Originally Posted by ;
    @ Thank you for showing me profitable TA traders. However I have my reservations on their own legitamacy... Nothing wrong with your suggestions but it is just the nature of this business that makes me very cynical and critical. I'd reject the notion that FA cant be used on currencies. It can. But IMO that the kind of FA being taught on the websites for example babypips are too diluted and simplified. @dkrock I visit your view regarding TA FA. However, I digress with your understanding of FA. As I mentioned before, FA can be employed to spot short-term...
    Shit... Give the ideal installation and leverage and you can outdo a 10-year currency fund in less than a month with TA.

  9. #19
    Quote Originally Posted by ;
    quote Shit... Give the right installation and leverage and you cannot outdo a 10-year currency fund in less than a month with TA.
    You meant can?

    Well, many people may beat a currency fund at the short-run. Look at those FX competitions! Ridiculous gains!
    BUT are they able to do it over a 10 year period?

  10. #20
    o?hama
    Guest
    Quote Originally Posted by ;
    quote I do not need FA to see that. I must say that I'm an intraday trader. FA is futile to me. A time period is merely a time period, so that I can exchange the little ones over and over and over and over and over. When FA is published, I'm sitting out of the market before the stop hunts finish and my tools reset their dimensions. I then return to chasing buyers and vendors. My sole interest in FA is tracking what time it's released so I'm not in the spikes. Sentiment affects 2-3 times a day on average, with 4-8 profitable leadership varies, therefore why...
    Wish that I could sit in your shoes and find out from you. Always a joy listening you. nigeriaforextradinggem!!

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