How to track the "smart money"?

margin_gamble said:
For David Faith


SPY daily

see the 2 trendlines drawn? All I did was draw to the Minor wave. Ignore single bars. A Minor wave must have 2 or more down bars or down and up bars. Put a line under it and extend. You will notice at 8/9/22 there was a one bar breakdown. You can take profit her and it will be substantial or you can just be patient and see what hppens at he next bar. Bom. It climbs above the trendline. Exit 8/18 or 8/18

NO Economics, no FED Powell, no Covid, no FA, no Earnings, no nothing. Just pure Price action.

A simple technique like this guarantees you profit. sometimes it might not be much, other times it will be yuge and still other times it will shock you and go for months. Do not get out until the line breaks.


item
More...
Good explanation. Thank you for the insight :)
 
Played around with the T-Line a bit and backtested it with my system. What a blessing. Looks really promissing. Whoever came up with it - thanks alot
 
What makes you think the average hedge fund is the smart money? Seriously. They don't perform well. Few are respected on Wall Street. Many are guys in their basements selling whatever strategy they can find clients to pay them for. I'm honestly curious what data you have that leads you to believe they are the smart money.
 
FreeGoldRush said:
What makes you think the average hedge fund is the smart money? Seriously. They don't perform well. Few are respected on Wall Street. Many are guys in their basements selling whatever strategy they can find clients to pay them for. I'm honestly curious what data you have that leads you to believe they are the smart money.
More...

What access do you have to know everything to know about any company? It is not rocket science. Hedge fund managers have an army of analysts, contact with CEOs of top companies, have tens of billions in capital. How the hell can you even compete? Now, let me clarify when I refer to someone as a Hedge Fund manager, I refer to Paul Tudor Jones, Ed Seykota, etc. from the market wizards book. Compare that with the retail crowd of Wallstreet Bets. The dirty little secret they do not tell you is that most of the tens of billions earned from GME and AMC went to the pockets of hedge funds. The smart money is not those retail traders. A few got lucky to get out and get a couple of million tops. Most of the retail traders gave it all back and lost a lot.
 
FreeGoldRush said:
What makes you think the average hedge fund is the smart money? Seriously. They don't perform well. Few are respected on Wall Street. Many are guys in their basements selling whatever strategy they can find clients to pay them for. I'm honestly curious what data you have that leads you to believe they are the smart money.
More...

who said hedge fund are smart money? i never said it.
 
Hedge Funds are THE DUMB MONEY

Large Speculators and small Speculators are THE DUMB MONEY

Small retail Traders are also THE DUMB MONEY



The SMART MONEY is ONE group ONLY and they are called COMMERCIAL HEDGERS


Let it be known far and wide that the Commercial Hedgers are an outstanding EDGE

:):D
 
smallfil said:
It is not rocket science. Hedge fund managers have an army of analysts, contact with CEOs of top companies, have tens of billions in capital.
More...

The vast majority of hedge funds are small with under $100 million in capital. Of those the average capital is only $37 million. These are guys sitting in their basement hoping to make a million dollars for themselves while firing off emails to clients and selling them whatever strategy they wanted to buy. Your perception is WAY off base.
 
You must log in or register to reply here.
Back
Top