re: showdown Chinguetti,If you did your homework Im sure you...

re: showdown Chinguetti,

If you did your homework Im sure you will find many many funds that use technical trading methods to make their millions. In the US CTA's are very common and consistently make good profits. Many hedge funds use technical trading to make money.

It is a fact that most successful traders end up with a fund using other peoples money to magnify their profits. They typically take up to 30% of the profits and give the rest to the fund. The reported profits are AFTER the fund manager has taken his fee.

It is also fact that the bigger you are - the no longer you can trade the likes of HDR and any other oiler for trading as there is insufficient liquidity for efficient entry and exit. The best traders end up in currencies etc where big big bets can be easily taken.

You need to open your eyes to how big the trading world really is. Just because they dont write books about themselves or end up in the Forbes 400 doesnt mean they do not exist.

Some ridiculous report that suggests ALL traders lose money is simply incorrect either in fact or in your interpretation of what it is saying.

The trick is NOT to do what the multitudes are doing or you WILL lose money. If you dont find a niche that makes consistent profits the market will eat you.

acturtle