I couldn't disagree more. You don't know what you are talking about.
Your mental jails are your own.
nitro
Your mental jails are your own.
nitro
Quote from IluvVol:
As I said, Nito, I am not interested what you call yourself or what you do, I think nobody asked, me included, and nobody really cares what you do. The OP asked a different question.
THe point is there are clear definitions of technical analysis, one being the analysis of past prices and inferring from past prices future price levels.
Also considering where this term "quant" was born it has a very narrow, specific definition. It has been watered down because some small wanna-be hedge funds needed to market themselves to the masses and calling their trading approach "quantitative" sounded sexy at the time. Ergo they called their 2 guys in the office "quants". Real quantitative analysts DO NOT look at past prices especially not when deriving new models. It would be a contradiction in itself. Markets are dynamix, in a flux, changing all the time. It does not pay to look at past prices to derive new models. Quants mostely develop new models that throug calibration come up with non-arbitagable prices that are coherent with current traded market prices. This was the original work of quants and still remains so. Again, what you call yourself or some people in the industry to make it sound great does not change anything of what I just said. Please have a look at "My life as a quant" I think its an excellent book to describe what quants actually do.
Please lets keep this discussion on a general level, not what you do at home or how you like to call yourself.
This is NOT what quants do.