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I think what’s more important is that whoever is teaching needs to show proof that the process actually works. And that proof needs to be robust, which is a concept most people don’t get (as they say, the worse years of a backtest are the subsequent ones).

You’re not hearing me. There are ways for retail traders to make money, such as trading momentum. Candle stick patterns and technical indicators are not predictive, however, and no matter how good you get at reading charts the fundamental problem is that they are random. It’s like thinking that...

what's more important is if the pattern is predictive of subsequent patterns (autocorrelation or signal)

This is survivorship bias. If you could make money off technicals every hedge fund and bank trader would be doing it. Based upon my review, it didn't look that impressive. If you want to continue believing that it's all you need then go for it. But I would recommend a different path if you...

I ran the hypothetical assuming 10k per trade. This is a “naive” forecast — he would need to provide data on sizing for us to do more. I only used closed trades to keep it simple. I calculate the PnL on the trade, so the market value of the trade at entry and exit using the $10k hypothetical...

Just ran the numbers lol. The dude should stick to shorting, but still his pnl sucks. Also:

This is a small sample and I can’t see how he’s calculating his data. This is also where you need to think intelligently about the impact of outliers. He can have 3-5 trades that win him the bulk of his returns and push his return multiple higher — that is not indicative of skill. You can...

@spectastic That’s my point — you also can’t profit after the fact when news is released. You need to have an edge to spot an opportunity before the market does, which is very hard. The smart analyst reading research is predicting what will happen at the end of quarter— well in advance of...

This is an implicit acknowledgment of the efficient market hypothesis, which also states that past prices can’t be used to create profitable trading strategies… Also, this is the wrong way to view information. Price is constantly fluctuating, indicating 1) some element of randomness and 2) some...

The immigration policy does change over time. IMO it needs to increase. Argue with your vote.

Momentum is the autocorrelation present in the time series data of securities prices. Because it's simply focused on harvesting autocorrelation, to trade momentum all you technically need is the price. Analyzing "supply/demand levels" in the day is not super helpful because the frequency that...

The host country has a policy to allow people to come in.

If I buy a house then I have property rights that go along with it. If someone buys a house next door to me, IDGAF where they come from. This is not a sovereignty issue. No one is saying immigrants should take your house for free. But if there is a house for sale, why shouldn't someone from...

I don’t really know Anton much, but can say that professional traders do not use technical analysis as retail traders do. CBOT and market making on exchanges was all about understanding flow and that strategy is not replicable or available for retail traders. I’m not convinced that it ever was...

The dude sells a news letter lol. Be skeptical of anyone who claims to be a good trader that does not run money.

You’re being obtuse. You’re against immigration, while most of us are fine with it. That has nothing to do with property rights.

The migration of people is natural. Obstructing the free flow of humans is rarely good policy and would need an exceptional reason in my opinion. Fundamentally, I think the question one should themselves is -- are all humans born equal with inalienable rights? You are free to move to a small...

I don't know where you get your information from, but the US is one of the most diverse countries and is far more diverse than Europe.

That’s what you don’t get — the US is far less homogenous than Europe and we like our diversity.

Are you high? o_O