technical analysis and charting, page-42

"Nikk0 - You are taking a behaviouralist approach. I agree with you. The EMH doesnt say that people dont overreact, but it says that this overreaction is unpredictable and one cannot, over the long term, systematically produce alpha through these 'mispricings'."

Fitzy, I have been trading for a little over 5 years. The first 3 years were pretty choppy for me, some big wins, but mostly eroded by too many losses.

During this time my capital fluctuated wildly.

The year before last, I steadied the boat, and the last year (trading short timeframes - stuff the indicators..lol) has been an absolute boomer (yes I accept we are in a bull market).

In the last month my return on capital has been better than what a competent fund manager would achieve in one year.

I could take the next 11 months off, but what the hell I am going to make a pig of myself.

As for the long term.

I'll take it as it comes - eyes wide open.

Cheers.