Search results

it’s funny that you and others on this forum have this mystical view of institutions and use that as a basis for some of your “interesting” opinions and indicators. You can ask anyone else who has worked as a trader at a bank or asset manager lol. No one, or their algos, are using fibs to set...

you didn’t work on a trading floor and don’t have any idea how institutions trade. why are you mad at my statement of fact? I’m not stopping you from trading your way

ok dude who-has-never-been-on-a-trading-floor. :rolleyes:

you may be surprised to hear that there are standards in the industry. no one is using fibs for trading-- most traders barely even have a chart open. This is what a trading software looks like for professionals:

Was up nearly 10% in q1 with a sharpe of 2. This q has been ok, fairly flat for me so far, but I expect things to pick up around June and have been bottom fishing tech (semis and enterprise). Long/short nature helps avoid market swings, but because of the level of uncertainty, there has not been...

one has a view and is compensated for risk, the other facilitates the execution of an order and is compensated for providing liquidity.

"desk" is industry jargon for product group or asset class. meaning no one uses fibs in any trading capacity, algo or not, lol. historically, "on desks" (meaning, in the industry) fibs were used as a quick way to assess where a shock would land, or to view price action through the lens of some...

He literally said: They are effective as targets not because of sea shells or pyramid construction but because institutional algo's fire at those levels, targets, counter trend HFT algo's etc.. As long as the institutions use them, I use them. To which I responded, no they do not.

ok what was said lol

Do you want to trade or do you want to take risk? In the real world of trading there's a distinction between the two.

institutions don't use fibs. sales people on a desk will use fibs to describe a move but no one on a desk is using fibs as a trading signal lol.

Here's how you normally see a quote from an exchange: time interval 0 bid: 1 offer: 1.10 If you want to buy, you pay the offer. If you want to sell, you collect the bid. If you submit a market order to buy, you are taking the offer that exists at the time your order is received (there is a...

this thread is like watching two homeless men fight whilst jerking off

lol this is "elite trader" ... :banghead::rolleyes:

I would not do swing trading using price action. In real like, market order books do not hold much depth. Most large investors are not trading screens because average liquidity and volumes have declined. Much of what you’re seeing in price is randomness.

The analytical tools, access to deep fundamental research, and technology stack are the primary advantages. Most retail traders are random and just guess using lines on a chart without understand the factors that drive their returns.

You don’t need to trade everything. Focus on a niche where you can develop an edge and stick with it. Reviewing critical factors is like a 10-20 min task outside of key data dumps (earnings, analyst days, or major econ data).

- IMF downgrade of growth - Fed rate hike path (market is pricing in close to 10) Major sell offs are usually driven by shocks to growth expectations, policy surprise (monetary), drop in risk appetite (high existing vols), and liquidity.

What’s your background and what do you have to offer as a mentor

Lol you totally agree with the first half of the title without reading the paper.