I realised, by living with my wife, that we have different ways of looking at things. She could fuss over details that I wouldn't bat my eyelids over. Or I could crunch over the numbers before buying things while she just looks at the colours available. I think that's the thing that makes us, as a couple, interesting. It would never do to have two person who are too similar. Wouldn't it be boring? Of course, we cannot be too 'interesting', otherwise we would argue at everything and anything and living together would be near impossible. I see this differences as being complimentary opposite.
I guess in the market, the two camps of TA (technical analysis) and FA (fundamental analysis) works the same too. They are different; they see different things and do different things. You can even say they are opposite, but I think they are complementary to each other. One just have to look at how successful AK applies his knowledge of both to his positions to know that it can be done. I guess each camp can learn a little from the other, if you keep your mind open and receptive to new ideas. It's really like two blind men trying to figure out how an elephant feels like by touching different parts of it - you are really only seeing one perspective of the bigger picture.
I think I did a post on this topic before. It's found here. Must be getting old and naggy.
Thursday, February 23, 2012
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2 comments :
What to buy - fundamental
When to buy - technical
But even using both, still can lose money. Why?
If I "knew", I would be out there selling seminars at $3,000 per person.
Now that's a better risk/reward trade!
Hi SMOL,
Hmm, they changed the comments box at blogger :) haha, not quite used to it..
Haha, I agree with you. I guess the the certainty of having a guaranteed pay selling seminars is much better than the non-guaranteed trading profits. But I guess some pro traders do love teaching. I won't go as far as saying that those who can't do will teach.
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