Why it is possible to predict price movement?
Also, if too many people go for it.. it might produce a counter effect... short squeeze etc...It is possible, because there are "chaotic" rules... meaning that some things work some of the time... And as for technical analysis go... the more people believe/trade in for example... "head and shoulders"... the greater the chance it will happen
{quote} exactly, a system works because ppl assume it works!
Like this (without the "burn" part of course, just the "don't need money part")
{quote} Yeah, some guy said it quite funnily.. the other day... "it is easy to draw ANY line and say... if ti breaks this line it will go up, otherwise down - or other way around"
{quote} there's A LOT of disrespect for quant analysis. maybe it's because there are so many clueless """analysts""" around. IDK, live and let die. About the account managing thing.. there are too many implications. - it is illegal where I live and I'd need to move abroad. - I would get labeled as "commercial member" and that would be unbearable
So if you want to talk about RESPECT, specially for some that are misguiding so many people out of lifesavings.. we might not be a good talking buddies... If you want to talk MONEY, trading... I might be the guy to talk with... What money sounds like (listen here)? How you may pay kindness (see here), after.. Hope you RESPECT the effort I took to find those clips that are funny yet reflect some reality... But I talked about this before.. I mean it is even disturbing to talk about it.. A good trader, I believe, must feel nothing... just be there for the (profitable) trades... All other things are secondary at best, just noise... Trump talked about this also... The best negotiators/traders that he knew.. were very bad people to be around with.. but they do get the job done Ok I hope you got the msg... And yes, I do not CARE for analysts with bad records.. haven't met a one reliable/usable one, over longer period of time... IF one can track what they typed anyway since they analyse in WIN-WIN (buy/sell) way... If it goes UP, it goes up, it it doesn't then it doesn't... some animal doesn't like the other or some random.. or BARELY.. almost or just... WTF... Not my style.. but be free to trade by them.... you won't have problem with managing funds, that is for sure, so maybe WIN-WIN {quote} Wow excellent post/reply about the account managing thing... I agree a great deal
{quote} Well first, true quant analysis means automation. You DON'T do the anlysis yourself, but you use computers to devolop your predictive models.
In fact I use it myself.. partly at least... But I keep myself honest... If I fail, I fail... end of story.. I give CLEAR forecasts, I believe...there are plenty of firms with proven trackrecords
But analysts just keep it coming and F the clients, they say I'm a retail trader and I trade HIGH RISK, so I don't need much capital to start with and I just love to see my own models working. I love the meditation that comes with trading and I'm not that interested in making money.. believe it or not lol
{quote} Well yeah, that can be argued but the question is who is behind it, who does/sets the automation. And yeah, I watched "Quants - The Alchemists"
{quote} keep it simple. if it works great, if it doesn't, it doesn't. it's an all or nothing bet mate.
Or were you actually quoting the name of my thread that I've opened today?{quote} That's what I'm saying!
{quote} trading is not a game of probability so you never know if the odds are in your favor or not. All quant firms use statistics to forecast the future. btw it doesn't hurt my psychology lol
