Is that what it's called? Thanks. When I asked around nobody knew it existed
Do large banks and institutions use TA to profit?
- Thread starter londonkid
- Start date
Yes, I am not ashamed of losses. ALL real traders have them and have made mistakes-- only the phonies haven't had big losses in this game. surf
Is that what it's called? Thanks. When I asked around nobody knew it existed
It is amazing. I spent several weeks at Knight just hanging out and observing--- this was my first direct knowledge that day traders are at a HUGE disadvantage as these guys just pick them off--- i am not saying its impossible to make it as a retail day trader, just that it is extraordinarily difficult due to massive informational imbalances.
surf
Ok, thanks for clarifying. good luck to you!!
LOL! great catch, debit. These guys will cling to anything to support their mistaken beliefs. surf
Thanks Dr Anna (lovely and charming wife of Surf) for your post. However the point does remain that he used TA when he managed money and still does today trading prop capital.
Yet, and remember this forum has been around for a while along with the exact same TA debates since its beginning. Mr. Brandt has been mentioned many times before in the past as stated earlier.
Regardless, there's others out of Europe that are very active now and used as examples in the past. They too were dismissed even though one is one of the most largest firm in Europe...dismiss because they subscribed to TA services similar to Brandt and hired former "strategist technical analysts" from other firms...they too was dismissed even though the biggest TA organization the STA is in Europe.
You can come up with all sorts of reasonings to justify your notion that you somehow systematically know an outcome of an event, but in real world outcome is always unknown and that is what I was referring to - an outcome of 1 future event is always unknown. Will you get your 3% return or catch a proper big move and get 10% or get stopped out for -1% or get wiped out if you forget to put a stop in and there is a black swan. You have no influence or prior knowledge what will actually happen on your next trade, all you have is your stats.
Again, don't teach me to suck eggs talking about a sample of events or making stupid examples on hitting my wife, jokes are meant to be funny, perhaps next time you should make comparisons to shagging multiple times your Mom in the poo hole, funny?
Any 1 future event - outcome unknown. Probability shmobobility, can't guarantee it will be a winner or a loser.
Again, don't teach me to suck eggs talking about a sample of events or making stupid examples on hitting my wife, jokes are meant to be funny, perhaps next time you should make comparisons to shagging multiple times your Mom in the poo hole, funny?
Any 1 future event - outcome unknown. Probability shmobobility, can't guarantee it will be a winner or a loser.
I am not trading 1 event, I trade years and years. And the outcome of all these years is what matters. Trading is not about 1 trade.
If I do 10 trades and tell each time in advance if I will make a profit or not, based on my stats, my prediction will be right at least 8 times. That's enough for me. I make good money with it.
You can continue trying to find the result for every trade in advance. You will be dead before you find it and you will have made no money at all in your entire life.
Again and again you keep going off subject. I am not talking about a series of events, but 1 future event. Take any of your high probability setups, which you have backtested to death and it's next outcome can still be different to your expectation due to various factors involved, because this is a market full of players and they all have their personal agendas and you simply cannot know what they are planning to do, you can only hope (the word a lot of posters hate, yet we all hope, like it or not) that it works in your favour. You have no control how price will actually perform and if it runs far more than your backtested expectation then YOU WERE LUCKY.