Top 7 Technical Analysts of All Time Share Their Secrets. My first brush with Technical Analysis was not a good one and I was left asking the question Does Technical Analysis work. There was plenty of evidence to suggest Fundamental Analysis worked Warren Buffett has Billions of evidence. But Fundamental Analysis really doesnt suit my personality so what were the other options Everywhere you go online there is another guru selling the latest TA system accompanied with confusing looking charts. I decided that if there wasnt a long list of very rich Technical Analysts out there then I had lost enough money using TA and was ready to quit. To my delight I discovered many successful traders and investors who had the track record to prove that Technical Analysis does work. Here is a list of the traders I found particularly noteworthy The Worlds Best TA Traders Marty Schwartz. Originally a stock analyst but got sick of having to write bullish investment advice on overpriced companies. He developed and combined several technical indicators in an effort to determine lower risk entry points for his trades. Schwartz found success when he shifted to technical analysis and focused on mathematical probabilities. He ran his account up from 4. Million and also won the U. Startups news from the, including the latest news, articles, quotes, blog posts, photos, video and more. Puppy! Movie Rating on this page. The Home of the 4 Hour Investor Grade Business Plan. Faster investor quality documentation using HyperQuestions. S. Investing Championship in 1. When asked if Technical Analysis works he replied I used fundamentals for nine years and got rich as a technician. A big advocate of moving averages, Schwartz identifies healthy stocks by looking for positive divergences in price action over the broad market. AQO5nIc3gM4/hqdefault.jpg' alt='Buy Over The Hedge Hq2' title='Buy Over The Hedge Hq2' />They traders would rather lose money than admit theyre wrong  I became a winning trader when I was able to say, To hell with my ego, making money is more important Marty Schwartz. Mark D. Cook. Lost all his capital several times while learning to trade including one occasion when he lost more than his entire net worth. In 1. Cities Service that expired deep in the money. His account dropped from 1. Buy Over The Hedge Hq' title='Buy Over The Hedge Hq' />Not one to give up, after five years Mark had totally recovered from the losses but vowed never to sell another naked option. He attributes his turn around in success to the development of what he calls the Cumulative Tick Indicator. There is a widely used indicator called the Tick that measures the number of NYSE stocks whose last trade was an uptick minus the number whose last trade was a downtick. When the tick indicator is above or below a neutral band the cumulative tick indicator starts to add or subtract the ticks from a cumulative total. This works as an over brought and over sold indicator. When it reaches extremes of bullish or bearish readings the market tends to reverse direction. In 1. 98. 9 Cook finished second in the US Investing Championship trading stocks and in 1. Welcome back to What Car Should You Buy Where we give real people real advice about buying cars. Do you want us to help you find a car Submit your story on our form. Investopedia is the worlds leading source of financial content on the web, ranging from market news to retirement strategies, investing education to insights from. Does Technical Analysis Work Here is a list of the most successful TA trades and their secrets. Over 100,000 HQ DivX TV Movies All DVD Quality 99. Active Links The Fastest Streams Updated Daily No Cams And we love you too. A New Yorkbased hedge fund publicly pushed for Cabelas to be sold, but in documents filed this week, the Nebraska retailer says it already had been quietly trying. Buy Over The Hedge HqmNow he trades options holding them 3 3. S P 5. 00 and NASDAQ futures. To succeed as a trader, one needs complete commitment Those seeking shortcuts are doomed to failure. And even if you do everything right, you should still expect to, lose money during the first five years  These are cold, hard facts that many would be traders prefer not to hear or believe, but ignoring them doesnt change the reality. Mark D. Cook. Victor Sperandeo. An options trader and technical analyst who had a string of 1. His first loss was in 1. He described his style as only taking risks when the odds are in his favor. After an extensive two year study he identified life expectancy profiles for market moves. For example he noticed that an intermediate swing on the Dow during a bull market is typically 2. After that 2. 0 has been realized the odds of further advances are diminished significantly. Understanding this makes a big difference he says, like when a life insurance policy is written the risk profile of an 8. Sperandeo believes that the most common reason for failure with technical analysts is that they apply their strategies to the market with no allowance for the life expectancy of the bullish or bearish move. Theses days Victor is the President and CEO of Alpha Financial Technologies which is widely known for its trend following, futures based indices The Diversified Trends Indicator, The Commodity Trends Indicator, and The Financial Trends Indicator. The key to trading success is emotional discipline. Making money has nothing to do with intelligence. To be a successful trader, you have to be able to admit mistakes. People who are very bright dont make very many mistakes. Besides trading, there is probably no other profession where you have to admit when youre wrong. In trading, you cant hide your failures. Victor Sperandeo. Ed Seykota. THE pioneer when it comes to computerized trading systems. Inspired by the work of Richard Donchian he began developing futures trading systems in the 1. Seykota tested and implemented his ideas using an IBM 3. This was well before the days of online stock trading, back then such computers were the size of a large room and were programmed using punch cards. Originally he wrote trend following systems with some pattern recognition and money management rules. By 1. Today it is reported that his daily trading efforts consist of the few minutes it takes him to run his computer programs and generate the new signals. Ed attributes his success to good money management, his ability to cut losses and the technical analysis based systems he created. He refers to fundamentals as funny mentals explaining that the market discounts all publicly available information making it of little use. There are old traders and there are bold traders, but there are very few old, bold traders. Ed Seykota. Worlds Richest TA Traders I was very happy to discover that the Forbes Rich List was scattered with investors and hedge fund managers who have profited handsomely despite giving fundamentals a back seat. Here are my favourites from the 2. Forbes 8. 2 James Simons 1. Billion. Sometimes referred to as the Quant King he is also a maths guru and a very smart cookie who studied maths at MIT and got a Ph. D. from UC, Berkeley. Simons deciphered codes for U. S. department of defence during Vietnam and went on to found Renaissance Technologies in 1. He Co authored Cherns Simons theory in 1. Einsteins theory of relativity. In addition to this it had been used to help explain parts of the string theory. Renaissance Technologies is a quantitative hedge fund that uses complex computer models to analyze and trade securities. A 1. We are a research organization We hire people to make mathematical models of the markets in which we invest We look for people capable of doing good science, on the research side, or they are excellent computer scientists in architecting good programs. James Simons. The flag ship Medallion Fund trades everything from Pork Bellies to Russian Bonds. In 2. More recently 9. July 2. Unfortunately the Medallion fund is now only open to employees, family and friends. The key to the success of Renaissance Technologies has much to do with the people they hire Ph. Ds and not MBAs. About a third of their 2. Ph. Ds.   Those on the payroll include code breakers and engineers, people who have worked in computer programming, astrophysics and language recognition. They also look for people with creativity. Simons says that creativity is about discovering something new and you dont do that by reading books or looking in the library, you need ideas. Everythings tested in historical markets. The past is a pretty good predictor of the future. Its not perfect.   But human beings drive markets, and human beings dont change their stripes overnight. So to the extent that one can understand the past, theres a good likelihood youll have some insight into the future. James Simons. Forbes 2. Ray Dalio 1. 0 Billion. Placed his first trade at the age of just 1. Long Island University and got and MBA from Harvard in 1.