Human nature?
Edward O. Thorp on charting
- Thread starter truetype
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Since you brought it up, let's start with yours. Show us what the A Team is capable of.
Of that I have no doubt, since even the most rudimentary price action strategy has more than a single guideline.
Of that I have no doubt, since even the most rudimentary price action strategy has more than a single guideline.
Oh my, that was 8 years ago-- --markets have changed radically, just ask PTJ why he had to change his approach and philosophy since that time. People are incredibly resistance to change, this board is classic example of this fact.
Very little volume is from "humans"-- nature really has nothing to do with today's markets.
surf
Machines feel no fear, nor are they greedy. What is it now? 85% of all volume is from the machines? They are playing a game, they are exploiting every rule and edge. The only greed and fear is inside us and we need to change ideas to beat them.
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Got a link showing a figure even close to that? And I'm not talking about exchange bots matching orders. Also, in my case at least, I'm not talking about equities but futures.
2013:
Paul Tudor Jones (Tudor Investment Corp)
He emphasized his focus on technical analysis as that's the method he learned for trading commodities originally. He said, "I have one strong rule and that is when it comes to a stock if it's above the 200 day moving average, I'm gonna be long it, and if it's below it, I'm either not gonna own it or I'm gonna be short it, period end of story and I just let that govern every single thing that I do."
http://www.marketfolly.com/2013/06/notes-from-virginia-investment.html#ixzz3g3VCjv00
You are being disingenuous because you are self-serving; you want to sell your book and promote your brand.
Why on earth do the machines matter? They do if you are trading against them. Why bother? I made over 600 pips on a long EUR.NZD and what the machines did or didn't do was irrelevant. There is a fund that runs pure machine algos in FX and has never had a losing day. So what? The fact they have never lost makes no difference to my ability to make money.
You are trying to convince the weak minded that the machines are an overwhelming force, that the market has changed. How is going up and down different today than it was 50 years ago? Is there a new definition of up and down we don't know of?
Bullshit. Machines or no machines, markets still go up and down. If you get it right, unlike some bloody moron who only knows how to short YM, you get to make money consistently.
Trying to apply hedge fund methods with a retail sized account is the height of stupidity. Just look at the article. The benefit of a retail account is those who trade short term can be all in now and close out in 5 or 10 minutes if it doesn't seem to be working. The best moves never look back. A hedge fund takes time to build a position and close it, retail isn't handicapped in that way. Inherent inflexibility isn't working. Embracing inflexibility isn't so hot either based on the YM shorts we are seeing. Slow motion train wreck, just hope the kids college funds are not being squandered.
https://www.bloomberg.com/news/arti...hut-last-year-than-any-time-since-2008-crisis