InvestorsHub Logo

USDollar

09/27/16 3:58 PM

#214904 RE: risk on #214899

started sometimes after 2000 too look into charts

What is not easy to see is not the starting year but that I often had spent 12 hrs a day (even much more). I became either addicted or chartoholic and spend few years in pursuit of "the perfect system".

It doesn't exist!

What does exist is a group of systems and their rotation.
The closest to a perfect system is the grid system. Looking at the charts I have yet to find one losing trade with that system.
The problem with it is that your buying power needs to be ginormous to implement it. None of us have it, I know I don't.

Knowing more about charts, like everything else comes with a cost. The cost of time I spent (away from family I might add, which is extra bad), and then the cost of clutter - you look at the chart and you see too many things and makes it harder for you to decide on both the forecast and the action to take.
It's like too many people talking to you at the same time telling you what to do...

That's why I try simplifying. The advice to you to find a "friend" (MA) and my d50 are exactly that, part of that conclusion.