Warren Buffet Not a Fan of the Charts - Agree or Disagree? - Page 3
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Thread: Warren Buffet Not a Fan of the Charts - Agree or Disagree?

  1. #21
    Quote Originally Posted by ;
    quote You meant may *? Well, lots of folks may beat a currency fund at the short-run. Just look at these FX competitions! Ridiculous gains! BUT are they able to get it done within a 10 year period?
    Yes, can*. Error correction/predictive text.

    That is because they are trading garbage setups and getting blessed. They just don't recognize it at the moment. It CAN be done reliably. Just looking out a few decent ones at that 10 year span and exchange them the right way at the right time and beating the fund is practically guaranteed.

    I believe it was Charlie Munger who stated something similar to it is wonderful how much people like us are becoming just by trying to not do anything dumb. Warren Buffett's words were something similar to you don't have to do too many things right as long as you don't do too many things wrong. It applies to both TA as well.

  2. #22
    Quote Originally Posted by ;
    quote They are just opinions. I used to trade stocks before I traded currency, so I'm quite utilized to FA and each of the fear trading. I utilized FA all the time for trading options, but for a long-term hold, it's actually annoying. Currency is much more predictable as it's based on economics. It is FA is also normally scheduled, which is a huge relief as you never know when a CEO is going to stub his toe on a golf course and also cause his stock to crash. I have learned how to trade without FA just because currency is much more stable than stocks. When it was not,...
    I mostly concur. But if you take a look at Eur/Try over the last decade... LMFAO. Zar/Jpy is almost as funny.

  3. #23
    Quote Originally Posted by ;
    Buffett once remarked, I realized technical analysis did not work when I flipped down the charts upside down and did not get another response. But Buffett discovered one issue. Technical analysis did not do the job. He explained, I realized that technical analysis did not work when I flipped the chart upside down and did not get another response. After eight decades of trying, he reasoned that it was the wrong way. Do you agree or disagree?
    Agree 99 percent with what he says.
    Besides some technical analysis such as historical high/lows and momentum. I would concur that analysis work.

  4. #24
    Quote Originally Posted by ;
    I believe it was Charlie Munger who said something like it's amazing how far folks like us've gotten only by trying to not do anything dumb. Warren Buffett's words were something like you don't need to do a lot of things right so long as you don't do a lot of things wrong. It applies to TA too.
    IMHO there's definitely some reality. I believe it comes down to (1) solid analysis (also it's possible for both TA and/or FA may be used advantageously, when the trader is aware of what he is doing); (2) risk management/MM (not permitting one loss to wipe out multiple profits ); (3) personal qualities (e.g. patience, guts wracking, composure, endurance, endurance, discipline, self-belief, dediion, humility,...); and (4) an ability to'read' the market, and also understanding when/how to accommodate that comes only through many years of experience.

    But perhaps one frequently underestimated ability is that the very excellent traders find a way of maximizing their gains if conditions are favorable (e.g. pyramiding; recycling profits;...) and minimizing harm (e.g. cutting losses; discovering different markets/opportunities;...) when conditions are not. In other words, a good trader using a mediocre egy will potentially outperform a mediocre trader using a'good' egy.

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