My only edge is technical analysis

[schizo]

A stock falls 20percent. What do you do?

Well, that depends on how good an answer I get from you.

Is she a virgin or not? No you perv, I meant how fresh the next major support line is. Is it more than a month out? Does she also have her crotch open with one of her legs raised? Oh, you didn't understand that one either? How about if I put it this way? Is there a double bottom with a higher high? Get back to me when you have those info.

 

[kmgilroy89]

I think price action is the most important thing for day trading. I used to say the L2/T&S were more important, but with all of the dark trading and speed they've become mostly noise/useless/spready in recent years.

 

[schizo]

Guess what — that’s exactly what people do with stock price timeseries data too. They conduct quantitative analysis to generate insights at a level impossible through manual review. The brain was not made to conduct statistical analysis on the fly, and we suffer from many types of logical fallacies (anchoring, sunk cost, etc.). So a manual chart trader has a distinct disadvantage — subpar analysis and subpar behavioral / process issues.

Geezus, instead of copy/paste textbook definitions of what a Quant is or does, which most of us already know, why don't ya just show us what YOU do on a daily basis. That way, we can at least compare notes to see who really has the better grasp of the market.

 

[schizo]

Yes but don’t conflate luck with skill. A broken clock is right twice a day, that doesn’t mean it reliably tells you the correct time.

Again, oh sweet Geezus, this guy is one condescending MOFO. Naturally gifted, for sure.

BTW has anyone seen him tell us about his own trades, let alone post real time trades? I didn't think so. It's always about somebody else's trades, but never his own.

 

[2rosy]

Am I in trouble?
What other edges should I look for

Infrastructure. Last place I worked at I never heard of anyone leaving to go somewhere else

 

[schizo]

 

[newwurldmn]

Well, that depends on how good an answer I get from you.

Is she a virgin or not? No you perv, I meant how fresh the next major support line is. Is it more than a month 8out? Does she also have her crotch open with one of her legs raised? Oh, you didn't understand that one either? How about if I put it this way? Is there a double bottom with a higher high? Get back to me when you have those info.

Less than a month.
Yes.

she also has crabs

why would a double bottom mean anything.

 

[Sergio123]

HFTs grab all of the real edge out of the markets so might as well use TA.

 

[Frederick Foresight]

Yes but don’t conflate luck with skill. A broken clock is right twice a day, that doesn’t mean it reliably tells you the correct time.

Okay, and?

https://seekingalpha.com/article/70805-when-quants-fail

 

[2rosy]

HFTs grab all of the real edge out of the markets so might as well use TA.

How? Is the market now efficiently priced? What's the benefit of using TA in this scenario?