quant Vs technical traders

...just for the sake of being argumentative, following your points, I would say that

a) understandig risks relates to stop placement

b) understanding statistical irregularities relates to selection of an entry rule

c) understanding how to price things relates to selecting profit targets

So a quant COULD trade pure price. Pure sophistry, I apologize.
 
Quote from sle:

but somehow LTCM is always there.
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it's sexy, my man, Nobel laureates coming within a hairs breadth of blowing up the world economy and all. real Pinky and the Brain stuff.
 
Quote from maxpi:

The computer has advanced the knowledge and the art of tech analysis and made it applicable in a way never know to mankind before.
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Goldman Sachs has much bigger computers than you.
 
...if you read the book closely, the Fed conned the BANKS into doing the bailout. Guilt is a wonderful lever. If it was so threatening, one presumes the Fed would have financed the bailout themselves. You recall that the gentle souls at Goldman Sachs didn't buy the Fed's con.
 
Quote from hypostomus:

...realize that the market exhibits subtle structural regularities which can be discovered by statistical analysis and used as a razor thin edge to make money. Also that the vast majority of assertions about TA are ad hoc and unvalidated by backtesting.
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Regardless of their approach, I think that people trading with a "razor-thin edge" get killed off by noise. Maybe not today, maybe not tomorrow, but soon and memorably. In that regard, I think that the 2 books mentioned, When Genius Failed (about LTCM) and Fooled by Randomness, are excellent resource material.

Regards,

Thunderdog
 
...the only possible counter I can offer is that your longevity is improved by keeping market exposure to a minimum by trading on the shortest fractal that you can make money in given your expenses, and only trading when there is enough liquidity for your market order stops to be filled.
 
Quote from hypostomus:

...the Fed conned the BANKS into doing the bailout...
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...and then paid the banks for their efforts with the "surprise" rate cut late on a friday. i would love to get conned like that someday, lol.
 
Quote from marketsurfer:

wrong. bigger ?? you are dating yourself. LOL !
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not in physical size, lol.

hey, i run a linux farm crunching market data 24-7, but that and my piddly little degrees are nothing compared to the power the big boys can bring to the table. my little cluster is to them what an herb garden is to ADM, lol, and that doesn't even include the heavy iron i don't have a hope of ever owning.
 
Quote from hypostomus:

...no complain you bash head maxpi. He need bad. He obvious TA delusional, no respect QA, probabry Moonie! Matter not. Prease to exprain green dog roll over. What gender green dog?. Green dog bite? Is fade of well know red dog jump patter? Why green dog roll over, not waysides? Want he belly scratch? Just take Stebe Nissan stickcandles curse. He no tell such patter! You lie! You full it! What misctrader be? Miscellanus? Miscogynist? Miscanthrope? Miscreant? Misconception? Miscegenationist? You tell! Wise other we take full resource gloriousgreaterpanasiatic league, fade you patter all way! You lose money big time. Be sorry you screw head my enemy maxpi! You warn! What zone time you in? Go sreep, up wake better manner.
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hypostomus:

OK. Funnie. I get the point. I'm not bashing maxpi or anyone. It would be nice that people verify facts before they make blanket comments. Proper spelling would be nice too. etc.

but whatever.
 
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