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The challenge with that approach is that what shows up in a chart is ex-post and the performance of chart analysis is very poor. There’s a joke among quant researchers that the worst ten years of a backtest is the subsequent ten years… There are lots of sources of returns and I’m not here to...

Are you a long distance runner?

What the actual f*ck. Please tell me this is satire...

What exactly am I assuming lol?

You missed the satire. $500/mo. is less than the cocaine daily dealers tip at P72. HFs are spending millions of dollars in payroll, data, and research tools... and your takeaway is that a $500/mo. line item provides the validity of your entire process. :rolleyes:

Yes for $500/mo you too can get premium demark indicators lol

You're probably much more intelligent than I am -- though I may understand the game a little bit better due to my experience working on the street (analyst/trading/pm). CAPM is a single factor model -- most on the street are using multi-factor models to describe risk in an equity portfolio. You...

lol

I didn't say their sport was easy, just that it's different. Holding a gun or riding a bike results in a large amount of tactile feedback. Also, when shooting or riding, your target is not incorporating your action and responding to it. The market does. Hence, poker or team sports, where other...

How do you know you can identify such things and that those exist ex-ante? What if what you're seeing as trading opportunities don't really exist except in an ex-post world? Have you back tested your strategy? 1. There's a large and deep literature studying the impact of earnings on stock...

What is the basis of your trading strategy? What return are you trying to capture in that timeframe? What is your advantage over the aggregate market? Do you wonder if you’re confusing a system 2 activity with system 1?

Trading is not like shooting, or riding a bike, or other activity that requires a small initial learning period. Trading is more like a team sport or poker.

Intraday up to a week. I recommend you read a book called “Thinking fast and slow” by Daniel Kahneman. :-)

It’s mind blowing how strong people hold onto their priors even if it’s loss-making. Sunk-cost fallacy at its best. :)

Trading is hard, it is not easy. But if you decide to go down that path, before you even get started trading you'd want to spend some time getting acquainted with the literature. I'll use oil as an example. There's a large body of research you can read to get caught up on how current market...

You have some good points however: Use of Fibonacci sequence or stochastic on price is an incorrect application given non-stationary nature of stock prices — it’s like mixing apples with oranges; trend analysis is far more efficient when you transform a series into one that’s stationary—...

Why don’t you just run a study by analyzing a historical data set of bid/ask and comparing to tas data?

TA is primarily pitched to retail by discount brokers and “educators” (who don’t make a living off their pnl), as a way to induce orders. Fundamental equity research is hard which scares away a lot of retail. Discount brokers would be starving for order flow if they didn’t preach TA. It’s the...

I'm repeating myself ad nauseum here. The quiz is on a 5 min chart, showing 1-2 days including overnight session. I get that you do not use this approach -- that's fine. If I have time I'll put together another quiz with daily candles and then weeklies, etc. But the quiz is for traders who claim...