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no offense padu, but you've been reading brooks (along with many other folks) and they've all been consistently losing money. Brooks himself doesn't add any value in live trading, because he literally does not know what will happen next. That's because his analysis is made up. He has never done...

Lmao, because if you actually tested this, you would find that there are no excess subsequent returns on a "bear bar" or "bull bar".

no one screwed up the analysis, they just have different time horizons, liquidity needs, and strategies. You have no way of knowing their intention by staring at a 5 min chart. In fact, a 5 min interval is not correlated to the daily return of a security.

you're not a trader lol, you're a gambler who thinks he has edge from reading a candle stick chart. there are opportunities that present themselves across all time frames, and those that have the skills and tools to analyze the opportunities capitalize on them. Those that do not just compensate...

let's put it this way -- using candles to analyze price information is not sufficient. @speedo references Jim Simmons but clearly doesn't acknowledge the fact that Simons' team of 400+ PhDs are running machine learning techniques and are not scalping 5-minute charts. I am not saying that there...

for you to think there is a scalping opportunity you must have information no one else does -- e.g. information about subsequent flow or information about the value of the security. this information is ex-ante (an expectation) and not ex-post (chart data). you cannot infer the subsequent return...

What do you think drives the decision-making process of institutional (professional) investors? it is not the 5-minute chart or your doji lol

Start with macro factors like economic performance differentials, interest rate differentials, inflation, etc. you can then add other factors such as momentum and sentiment.

That’s fine — there are lots of folks that do that. I have hard limits if my pnl breaches certain points. But those are beyond a 10% move typically. The problem with having stops is that when you are filled it’s typically in an adverse situation (e.g. at worst point). There was a study done...

Thesis contingent, usually upon a catalyst. Cutting quickly = shake out, weak convictions, means you've not done enough analysis or have a strong view.

What's your background? Here's a good primer for why reading the news is too late: Who Makes Money in the Stock Market (The Only Game in Town) - YouTube I recommend that you read up on principal component analysis and pick up R. Then you should brush up on the International Fisher's Effect...

this is where you are being fooled my randomness. Look into tca to understand how investors actually trade and how it impacts volume (which in turn impacts price). The relationship between volume and price is well documented (higher stock volumes and higher stock prices are correlated as is the...

Why are you making up your own definition of alpha lol? Excess returns is such a simple and elegant way to describe it.

The graph is showing that stocks with positive revisions outperform the benchmark. My approach is to find things that outperform the benchmark (and review them periodically) and then stitch a process around that. As opposed to using an unverified hunch.

There are no buyers and sellers per bar. There are buyers and sellers for each level of price (and they all wait in line until they get filled). Think about how a bar is formed is on your chart. oh they do but not in how you think and that information is not useful for you. Institutions...

If you're asking me whether I think my experience is directly relevant to generating pnl from trading, then yes.

Newbies can be taught how to think like a trader, how to analyze markets, and how to assess opportunities. Once they have those down they can begin to explore and test on their own. However, there is not trader training program I have seen that actually teaches the above.

just because prices follow a Brownian motion doesn't mean that they cannot be exploited. you should watch this: Who Makes Money in the Stock Market (The Only Game in Town) - YouTube

yes -- top 5% of sales growth AND price > 50dma. You can go down through his list of stuff, it is not robust and I'm surprised that people don't take a few minutes to verify his claims. on the flipside, i have mentioned earnings revisions as a factor and you guys still hate me lol:

i'm not looking for mathematical certainty, i'm making decisions based upon probabilistic outcomes... by using actual tools to analyze data instead of hocus pocus. Learning from Al brooks requires placing faith in him and his understanding of the markets (which is bullshit). Where is your sense...