Replies to post #10608 on 123Tom's TA study group

[Citrati]

Although I have periods of reading only here I like the different charting styles. My view is that however different the styles may be conclusions should be very similar. If not, then something was missed. It is a way for me to double check my own conclusions so that a bias doesn't creep in.
I am of the opinion that charting styles are best when adapted to fit the individual traders goals, risk/reward levels, emotions, personality etc.

Currently I scalp UVXY, LABU/LABD and NUGT/DUST. I am 100% cash at the end of each day.
I also buy and trade around a core looking for both short and longterm gains in potentially disruptive technologies. AVXL, IPIX, RCAT, EGYF for example.

Green Trades

[123tom]

I started investing and learning about 15 years ago. Prechter was the first EW lessons I discovered. I was keenly focused ,as a beginner, on his forecasts and he got it way wrong after the 2007/2008 crash.... He was predicting another major drop ,I remember the date,August 3rd 2008, dire warnings that scared me into making alot of defensive sells of the entire portfolio, to readjust everything. ..... and then the market, as we saw, went steadily up and up , like it always does. , just like its doing now.
But theres so much to learn, I studied a little about Gann, wish I had time to learn that better, I think I studied some wykoff as well. Mostly,I learned to develop my own vision and my charting methods evolved uniquely. Ive learned much from Citrati here. He knows way more than me about Due diligence.
I'm mostly just a chart analyst. my one trick pony.
No, maybe I have 2 tricks in my bag, I also pay close attention to political and world events and the signs and clues that are critical to markets. and I'm reading how the insider intel people are expecting a market crash upon the war events soon to happen, disasters like the 3 Gorges dam breaking, Bitcoin collapsing, and the Chinese realty market crashing with Evergrande. I believe in the success of Anavex to move higher ,but at the same time,I do think we will see a black swan crashing the market, I want to trade defensively and prepare for that .