SCOTT WELSH TRADING BLOG

My Axe To Grind

My Axe To Grind

October 17th, 2018

I love trading.

But there are a few things that make me angry.

One is when “experts” tell us we can’t beat the market.

Of course it’s difficult to beat the market. But that doesn’t mean we shouldn’t try. And that doesn’t mean we can’t do it.

It motivates me every day.

Another is when people say that basic indicators don’t work. They were built by smart people with the goal of making money. Are we to assume that they wasted all that time researching equations that are useless?

That doesn’t make sense.

Plus, we can just use our own eyes. Open up a chart and put an indicator on it. Then look at when price goes “Oversold” and then see if it travels up to “Overbought.” Does it happen? Does it happen all the time? If so, doesn’t it make sense that a system based on this oscillation might make us money?

And, oh, by the way, I have research that shows that indicators work just fine.

Last, I hate the perception that normal people can’t make good money trading.

How many traders’ dreams have been squelched before they ever got started because people have told them it can’t be done?

How many people could be making money and changing their lives instead of feeling hopeless because they’ll never have more money?

I want to prove that regular people can beat the market and change their lives. I want to hear success stories from people who did just that.

Warren Buffett said he tap dances to work every day because he’s so excited to do his job.

Beating the market is what makes me get out my tap shoes.

We’ll get back to talking about systems next week.

 

Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.