Is There Any Great Technical Trader Out There?

01/20/2012

Is There Any Great Technical Trader Out There?

The answer is yes. Technical traders only use technical analysis to make investment decisions. In the book Market Wizards interviews with top traders, the author Jack Schwager interviews a real estate broker called Mark Weinstein who became a full time trader with an incredible success rate. Weinstein relied solely on technical analysis, overbought/oversold indicators, Fibonacci and Elliott wave to build his fortune. One of the most interesting facts about Weinstein’s success is that he only trades when the conditions are right, when everything appears to be lined up exactly right. This is when the odds of making a profit with technical analysis are high.

If you are a great trader I'd like to hear from you.

Posted by Better Trader on 01/20/2012 at 04:11 PM in Books | Permalink

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Better Trader

01/20/2012