A message to some day traders.

[Amahrix]

This is funny as hell. You know that the AAPL chart is heavily arbitraged against the futures contract on GLOBEX. This means that your little argument that the AAPL chart is "randomly constructed" applies to the index as well (pretty obvious).

Charlatan, it applies to anything short-term, such as intra-day charts etc.

Actually, the index value is completely determined by the net effect of capital flows into and out of equities (globally) and fixed income instruments (global as well), cash and brokerage accounts, margin accounts, hedging activity, sector rotation of funds, and plenty of other inflow and outflow.

Charlatan, I accept this but you cannot sit there and predict how these interact and the net result of the future from these things especially inside of a intra-day chart. Unless you have all the knowledge like a God and you can see it from a different dimension. Are you an all-knowing god? NO. Randomness is INCOMPLETE INFORMATION which is PERVASIVE in a intra-day/daily chart 99.9999999999999% of the time.

 

[Overnight]

I agree with your last point 100%.

For a day trader such as myself, Apple’s chart yesterday would have indeed carried a precise intended message, which would have been interpreted based on thousands of past observations of historical data analyzed to determine what specific measures convey a reliable, valid forecast as to the direction in which price is most likely headed in the near future...

Blah blah blah. The price dropped because of the China tariff news, which affects AAPL, since they are kinda' heavily involved with China?

Fundamental move. NOTHING to do with TA.

 

[SunTrader]

Nothing is random to the being that has the ability to encompass all knowledge. Are you that being??

Glad to see someone is epistemically humble enough acknowledge that they “can’t do it”. Hi friend.

I was being facetious saying ... can't do it.

 

[Amahrix]

Blah blah blah. The price dropped because of the China tariff news, which affects AAPL, since they are kinda' heavily involved with China?

Fundamental move. NOTHING to do with TA.

They rely on TA to tell them this and it didn’t.

 

[Overnight]

Ignorant fool. You're blind. No one can help you see.

Look at the tools in your hand and realize that they're not working. No difference than you and a psychic card reader who will blame some random event on why her prediction didn't pan out instead of throwing her cards away.

Charlatans.

My point is very simple, trying to interpret data with short time frames like intra-day or 1 day is a product of charlatanism.

So...You are denying that the equity indices dropped at 1:13PM because of the China news? Dude, I was defending you. WTF is your problem? You're THIS close to getting on my shit list. And since I do not have an ignore list, that means you will reap the whirlwind of my ire. The FACK are you on about, in this long-winded, "message to day-trader" thread?

Seriously. What golden wisdom can you finally impart to all thread participants, that will make us all money? Please, do tell.

Or are you here to just slam down on the table that nobody will ever make money daytrading, ever?

Thin ice, icehole.

 

[Overnight]

Ignorant fool. You're blind. No one can help you see.

Look at the tools in your hand and realize that they're not working. No difference than you and a psychic card reader who will blame some random event on why her prediction didn't pan out instead of throwing her cards away.

Charlatans.

My point is very simple, trying to interpret data with short time frames like intra-day or 1 day is a product of charlatanism.

F* you. Fix your attitude or die here.

 

[Amahrix]

So...You are denying that the equity indices dropped at 1:13PM because of the China news? Dude, I was defending you. WTF is your problem? You're THIS close to getting on my shit list. And since I do not have an ignore list, that means you will reap the whirlwind of my ire. The FACK are you on about, in this long-winded, "message to day-trader" thread?

Seriously. What golden wisdom can you finally impart to all thread participants, that will make us all money? Please, do tell.

Or are you here to just slam down on the table that nobody will ever make money daytrading, ever?

Thin ice, icehole.

Actually you’re right, I misread/misinterpreted your comment. Basically, I read it in isolation not as a response to the quote you posted it on.

As far as what I am on about, I enjoy messing around with charlatans about their false beliefs in hopes they realize and change and not be a net loser.

And they will make money but not BECAUSE it’s from intra day charting. I want to tell them that it’s 99.9% luck. Once they see, they’ll realize that eventually theyll be a loser or maybe not. The truth is millions fall for day trading using TA. There’s a whole graveyard of them. It doesn’t work. It’s card reading. I am pushing this awareness out. These people clearly don’t get it. Maybe I’ll save a passerbyer

 

[Amahrix]

F* you. Fix your attitude or die here.

The attitude towards you was unjustified. I apologize. The attitude towards the charlatans, nah. I’m not gonna fix that. They deserve it because they’re bullshit peddlers.

 

[Amahrix]

You are denying that the equity indices dropped at 1:13PM because of the China news?

I understand it fell because of China news.

I am saying that looking back at the data prior to the fall, it did not contain the message of the subsequent fall.

daytraders use TA on same day charts, thinking they’re attaining valuable insight. But there is none. Because the data is Randomness, Randomness here is.. incomplete information.

Prediction became easier when China news (signal) emerged in the ocean of noise. Still, it was primarily noise, in the grand scheme of things.

If one daytrader realizes his strat is based on a hoax, I’ve succeeded in my mission.

 

[Overnight]

And they will make money but not BECAUSE it’s from intra day charting. I want to tell them that it’s 99.9% luck. Once they see, they’ll realize that eventually theyll be a loser or maybe not. The truth is millions fall for day trading using TA. There’s a whole graveyard of them....

And this proves that you do not really trade. Why would you wish such ill upon people trying to make money? I do not understand that attitude. I want my ET friends to make money. I encourage them and wish them well. If they piss me off, I retort and piss THEM off. We kiss and make up later. But I never ever tell them that they have NO CHANCE to make money. I caution, tell of what I have learned...We revel in tales of trading success and woes. But we ENCOURAGE each other. We do not tell others that they are going to ALL FREEZE AND DIE.

Oi!