In the book "Market Masters", author Jake Bernstein states "What you do in the market must suit your temprament and personality", "Find your own place", "Play your own game". More or less the same thing is written in other books. How does one do this practically in Technical analysis.
Only when you play the game- football or hockey or cricket for instance, can you know where your competence lies. In books on vocational psychology on job misfits too, it is given that mere knowing and knowing-in-doing are two different things with the latter being naturally more effective.
Knowing in doing in the context of Techincal analysis would entail buying expensive software like Advanced Get and figure our which(Elliot and dow theory) suits you since Metastock does not offer Elliot wave.This is something like marrying a woman and then trying to figure out whether your marriage is compatible or not. The CEO of the world's leading trader education wrote to me that they offer an even better solution than Advanced Get. Programming being very tedious, people would create software only for a good potential market.
Then again,most techincal analysts claim their system to be the best and rubbish others which is strange considering the fact that in the book two rich and famous traders are saying contrdictory things. A majority of these world famous traders worked with two-three mentors before they succeded. Even to do which type of trading is subjective.
From where can one get good guaidance and mentoring in India where there is no structured education and everybody knows things in bits and pieces and act according to their petty vested interests?
Only when you play the game- football or hockey or cricket for instance, can you know where your competence lies. In books on vocational psychology on job misfits too, it is given that mere knowing and knowing-in-doing are two different things with the latter being naturally more effective.
Knowing in doing in the context of Techincal analysis would entail buying expensive software like Advanced Get and figure our which(Elliot and dow theory) suits you since Metastock does not offer Elliot wave.This is something like marrying a woman and then trying to figure out whether your marriage is compatible or not. The CEO of the world's leading trader education wrote to me that they offer an even better solution than Advanced Get. Programming being very tedious, people would create software only for a good potential market.
Then again,most techincal analysts claim their system to be the best and rubbish others which is strange considering the fact that in the book two rich and famous traders are saying contrdictory things. A majority of these world famous traders worked with two-three mentors before they succeded. Even to do which type of trading is subjective.
From where can one get good guaidance and mentoring in India where there is no structured education and everybody knows things in bits and pieces and act according to their petty vested interests?