The author, being a rebel and a total ass to authority figure is a contrarian trader. He “sticks it to the man” that is why, he loves contrarian trading so much. But in general, he is also a technical trader. Making use of technical indicators, fibonacci and ichimoku.
The ultimate goal and an ideal trade for a contrarian trader is to buy at bottoms and sell at tops. It is the myth that many traders know and will not advice to many people. They will say, “don’t pick tops and bottoms, it doesn’t exists”. Fair enough, it is hard to pick tops and bottoms. But it is not impossible. People such as George Soros and Paul Tudor Jones are great example of contrarian traders who hunt tops and bottoms. And the author aspire to be like them.
It doesn’t matter how many fails or losses you incur hunting for tops and bottoms. Most of the time, with proper analysis, those losses can be recovered with just one winning trade. And best of all, hunting for tops and bottoms has low risk with great rewards. And that is what the author wants. Buy low, sell high. Simple enough for a simple minded trader.
What about investing? What About Value Investing and Fundamentals?
Fundamentals have their place. But the author believes that using fundamental analysis for a world wide market is very difficult with alot of factors you have to consider. Its a whole country’s economy you’re analyzing. Why not make it simple and just focus on the price? Its the bottom line isn’t it? And if you “invest” using fundamental analysis with a market that moves 1000 points per day, you are rest assured to go bankrupt faster that you can say Holy Sh*t.