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<p>[QUOTE=&quot;medoraman, post: 1155442, member: 26302&quot;]I agree diversification of techniques is always, at the very least, prudent to make sure you aren&#039;t locked into a certain market outlook. I just find most technical trading to work BECAUSE people use technical trading. Most &quot;resistance points&quot;, &quot;floors&quot;, and &quot;ceilings&quot; have nothing to do with the actual security, but because other traders use the same methodology. A self fulfilling prophecy as it were. People who are very good at it can make money short term, but its really, (to me), at the expense of other less skilled technical traders. This aspect of trading, (again to me), is a zero sum game and you are competing with real pros at it, and a bunch of amateurs.</p><p><br /></p><p>I just like bigger picture investing, value investing, and having timelines measured in years rather than hours or minute, maybe days. To each his own, and if someone is good at it and enjoys it, more power to them. I just find lots of amateurs losing their shirt trying to compete at a game that they do not know the rules very well. This is why I preach long term, DCA into markets and out of markets, and not short term trading that ill informed investors get excited about.</p><p><br /></p><p>Having said that, I am not above short term trades when I think I know something, I just don&#039;t recommend it to most.[/QUOTE]</p><p><br /></p>

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