I've been reading a little about this lately. Isn't this some kind of voodoo? trying to forecast the market by making some numbers over a chart? how is this legit?
Chart analisys
Liam James
Easton Price
Yes it is garbage. Anything you can do, can be done 10^600 times faster by a super computer HFT fund.
Stick to value based fundamental investing
John Baker
Yes, and it's mostly done by people who pretend to know about investing, but actually don't. First of all, you should be aware that chart history contains ZERO information regarding future probability and it's all actually self-fulfilling prophecy, where people think X will go up because of Y so they buy into it, causing X to go up but not because of Y. Second, this
Bentley Garcia
>Yes it is garbage. Anything you can do, can be done 10^600 times faster by a super computer HFT fund.
Yeah but what exactly do they do besides trading faster? I doubt they have some holy grail algorithm that keeps generating 100% annual returns. And if that really was the case why hasn't any hedge fund compounded a couple of billion to trillions yet?
Aiden Nelson
Value investing
Logan Martin
Don't conflate technical studies with chart pattern drawing.
Nolan Davis
ow wow great yes, it kept on going but then people on smaller timeframes saw mmm a leetle bounce. thats a danger, and looked what it did! kept on some time after the bounce downward. TRAPP
Oliver Campbell
Don't listen to those losers. I have excellent results with my chart analysis after booking a $12k course. Definitely worth it! I think what most people get wrong about technical analysis is that you have to simultaneously sacrifice a chicken. Chart analysis ONLY works in conjunction with entrail reading! Don't let anyone tell you otherwise. 100% guaranteed results!
Anthony Jackson
HFT profits from 1) speed by being the closest to the exchange so first to receive prices and because algos also the first to act, seconds/minutes faster than any human trader and 2) volume.
The frequency of trades they can pull means they can be programmed to try new strategies every n trades and if successful re-inforce that.
Josiah Martinez
>And if that really was the case why hasn't any hedge fund compounded a couple of billion to trillions yet?
because once you start trading size you start to experience the constraints of liquidity in the market. with any algo that does scalping / market making EVERY tick matters. so if the size of your algo overwhelms the market it will cause you to more often miss a tick. just because an algo is profitable trading 10 lots it doesnt automatically mean it will work the same at 100 or 1000 lots. you can just scale to infinity, it sounds great in theory but it doesnt work in practice.