Information diet

[schizo]

That’s generally how quants work. A chart is only a visualization of numbers. Those numbers and derived numbers/metrics can for example be put in a table allowing you to analyze/compare in a way that can’t be done with charts and with no need for charts either.

Oh, so that's what he meant...

Granted, you pretty much need an algo to run a quant. Not sure if that's what was on OP's mind when he wrote up this thread.

 

[SoyUnGanador]

I have found over this last year that the less input I get from the outside world, the better off my trading is. I long ago gave up any financial media such as CNBC, Mad Money, etc... Now I do not watch any Youtuber gurus, take alert services, etc...

I feel that if I am forming my own opinions, finding my own trades, etc... I am a better trader. I also have 100% accountability to myself and cannot blame anyone for my results.

try it out. Turn off all outside influences and see how you do. This is precisely why Warren Buffet resides in Omaha and not NYC. Same was true of Jessie Livermore and many others.

Nicholas Darvas, is that you?!?!?

 

[wrbtrader]

I have found over this last year that the less input I get from the outside world, the better off my trading is. I long ago gave up any financial media such as CNBC, Mad Money, etc... Now I do not watch any Youtuber gurus, take alert services, etc...

I feel that if I am forming my own opinions, finding my own trades, etc... I am a better trader. I also have 100% accountability to myself and cannot blame anyone for my results.

try it out. Turn off all outside influences and see how you do. This is precisely why Warren Buffet resides in Omaha and not NYC. Same was true of Jessie Livermore and many others.

Are you talking about day trading, swing trading, or investing...I suspect you're talking about investing considering you mention Warren Buffet and Jessie Livermore.

wrbtrader

 

[expiated]

Only way to create an instantaneous moving average is to set the parameter to "1". In that case, you will have the moving average move in synch with the close of the candle. Anything other than that, it will lag. Hence, I don't understand how you could have come up with "instantaneous" moving average (eg. when the price goes up, so does the MA). Care to elaborate further?

Right, hence the name is in quotes. That's just what I call it. I didn't mean it literally, just as the zero lag moving average isn't REALLY a zero lag moving average. It simply denotes in my mind the concept of tracking price as closely as possible (say...for scalping purposes) before getting jerked around by the constant pivoting and zigzagging that characterizes price action. For example, here are my (green) two best measures (I now have four) as compared with the bold black "moving average in sync with the close of the candles."

 

[expiated]

And by the way, a 1-period moving average that is in sync with the close is NOT an average.