Trading Software Commercials....

Question:

Toni,

Say do have any opinions on the trading software info commercials that appear late into the night on tv? Someone brought it up to me and generally i think it is just someone trying to sell you something. Yip it works to a certain extent but that's it! You for one may now what i'm talking about. It's dependent on your technique, discipline and your own ingenuity. I made a whole series of mistake over time before i got into books and professionals that trade for a living that taught me what oscillators were really about until i got good enough to build one. It interests me to hear if you have any opinion one these so called trading software informercials.

Thx

Answer:

Well, I tend to agree that yeah, it's just someone trying to sell you something. Most of the books, courses, platforms... are all like that. I've actually never been able to read most trading books because they are just not that helpful. I flip through them and toss them aside. I don't even use the indicators like oscillators, etc. They are just trying to show you readings on price and volume activity. It's best to just learn to read the underlying price and volume itself. It will keep you from getting mucked up when price activity and the oscillators are giving separate readings. Yeah, indicators can help to a certain extent, but I'd never rely wholly on one and I'd certainly never buy one of those "red light, green light" trading systems.

All my best,
Toni