What Do Hedge Funds Think of Technical Analysis?

[longandshort]

I know several traders who have traded via charts for 25+ years, 11+ and 7+ years all were successful and for all of them trading was either their primary income source or a large part of it. The TA and concepts they use are similar to mine. So that is my starting point. We've passed multitude of the online prop firm test, that have live trailing draw down, moved to the funded stage and some of the accounts are in a position for withdrawals.

We've had people trade live with us and watch us and it was good enough for them to want to assist us in what we're doing. So those are the factors I have currently. If they aren't good enough for you, all I can do is apologize.

I guess the question is “what is successful” and “trading for a living”? Like how much money are they making a year and as a % pnl wise? And how does that compare to SPX performance for that period?

 

[destriero]

Cohen at SAC was trading something like 20K ES trips a day as a hobby. No, you're never going to have capacity issues in index futs.

 

[SunTrader]

That’s literally not what they do lol. They run a team of 100s of phds who are running linear regressions and causality studies. No one there is looking at candlesticks.

Also, math = quantitative analysis. “Technical data” is quantitive, but “technical analysis” is garbage.

You are the absolute king of assuming - where did I say candlesticks? Where?

You like everyone else in this world (me too) that hasn't worked behind the scenes in RenTech have no friggen' clue what they do.

Done replying to you. If need be by hitting the button.

 

[Monobrowtrading]

Oh so you're willing to meet us in person and/or you're looking to partner / assist up and coming traders? Otherwise what is the point of proof? Unless you don't believe what I said regarding not caring about being right. Not here to waste time in silly debates. I've stated what me and the person I trade with are doing. We're trading the online prop firm accounts and we have multiple accounts, some are eligible for pay outs and we are working on growing them.

In the meantime the person I trade with is about to acquire funds soon, that will be used for trading a live account, which will be our primary focus. Once we have both results on the prop firm accounts and than also on the live account(which obviously people take more seriously), than I have other contacts that would be willing to help us take things to the next level.

In the meantime you’re trading a Sim account. Next level is MultiSim?

 

[longandshort]

You are the absolute king of assuming - where did I say candlesticks? Where?

You like everyone else in this world (me too) that hasn't worked behind the scenes in RenTech have no friggen' clue what they do.

Done replying to you. If need be by hitting the button.

Bars, candles, same thing.

Ps: I know a lot more about rentech than you.

 

[Concinnity]

In the meantime you’re trading a Sim account. Next level is MultiSim?

It's difficult talking to you because you don't fully read what people say and/or comprehend it. But I will practice patience and explain to you again.

Yeah it's considered live-sim account, but it's via the online prop firms, which I've been paid out before and we currently have the accounts up enough to take withdrawals out of. So it's real money consequences. Why do I care if it's sim or live? They pay out, because most people fail to pass the test and can't handle the live trailing draw down once they move to funded.

You would think out of all the expert traders we have here, someone would just pass one and get a pay out to show how good they are, as oppose to having silly arguments.

 

[Concinnity]

Cohen at SAC was trading something like 20K ES trips a day as a hobby. No, you're never going to have capacity issues in index futs.

I already said by the time I ever reach capacity issues I would have the resources I need / want for my life. You do realize my comment was related to the gentleman talking about managing and making hundreds of millions and billions of dollars correct? NQ is not as generous at ES. But if you're saying I could apply enough capital to make millions and millions on a smaller time frame setup and not effect it, despite there being less than 100 and even less than 60 contracts on some of the bars I trade, than I'll have to take your word for it.

 

[Concinnity]

I guess the question is “what is successful” and “trading for a living”? Like how much money are they making a year and as a % pnl wise? And how does that compare to SPX performance for that period?

I don't know their exact net worth or how much capital was in the account. The guy who traded for 25+ years, I've seen him have multiple 30-50k days and some 100k+ days trading ES. The other guy made a lot less, like 4-8k days on average. Suffice to say successful enough in my book. Hopefully you can appreciate that it's irrelevant to me if you consider that successful or not, we are different people likely with different goals.

 

[destriero]

I already said by the time I ever reach capacity issues I would have the resources I need / want for my life. You do realize my comment was related to the gentleman talking about managing and making hundreds of millions and billions of dollars correct? NQ is not as generous at ES. But if you're saying I could apply enough capital to make millions and millions on a smaller time frame setup and not effect it, despite there being less than 100 and even less than 60 contracts on some of the bars I trade, than I'll have to take your word for it.

Nobody can hit the mkt with 10K offered mkt and think they won't sweep the book. No, there is not unlimited liquidity at a price. That doesn't define capacity. I don't understand how this relates to applying stochastics or whatever to the markets. Analytical method has nothing to do with ability to fill size at a price. This thread has gone off the rails, but you've answered your own question--you'll lose interest before you reach whatever capacity issues are there.

 

[longandshort]

I don't know their exact net worth or how much capital was in the account. The guy who traded for 25+ years, I've seen him have multiple 30-50k days and some 100k+ days trading ES. The other guy made a lot less, like 4-8k days on average. Suffice to say successful enough in my book. Hopefully you can appreciate that it's irrelevant to me if you consider that successful or not, we are different people likely with different goals.

What does their track record look like vs spx over time?