[pcabc]

This is also relevant is you wonder if using his system is a good idea.
If the inventor of this system didn't succeed, then i don't see how i could succeed with his system.
And for example, it has been proven by backtest that the CANSLIM system doesn't work, so even if the idea looks interesting and IBB is a successfull business (in selling news letter, not managing money...that's my point), i wouldn't use it.
If a trader is really good, why not manage billions in the order to collect management fees ?

Technical analysis seems to get much less promotion that other methods, eg fundamentals / value investment. People seem to love quoting Warrent Buffet for example. Of course it is clear he has done well, so anyone would be pleased to have a small fraction of his sucess. However, I wonder if the money supermarkets etc promote what fits their models best? I suspect it would not work for them promoting technical analysis as it is easy to do it badly and therefore they could get the blame when things go wrong?. However, if you invest in a mixed portfolio of funds that don't do well in the value / fundamental model it is simply that you have not pound cost averaged over a long enough timeframe?

I rather line Weinstein's book as he provides good guidance. Other books in comparison have interesting tool sets but leave the details to yourself or talk about patterns but are vague on how to make decisions. When to sell seems to be a topic with less coverage.

Also i think that this kind of strategy is especially good to reduce risk (drawn down), which doesn't necessary imply that it beats the market on the long run.

I've not been through a full cycle with Stage Analysis. However, it seems to have got me to protect my positions when the market turned. The bit I need to learn better is to not to keep trying to trade when the market is turning against me. Patience is hard.