What Do Hedge Funds Think of Technical Analysis?

who is we?


Concinnity said:
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.
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newwurldmn said:
who is we?
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I don't believe what most other people believe regarding trading in general, particularly when it comes to retail. So, the we comes from someone I found to trade with together as one unit. It's something I always thought was under utilized in retail and most people love to poo poo on it, but it's actually working really well as I anticipated.
 
Concinnity said:
I don't believe what most other people believe regarding trading in general, particularly when it comes to retail. So, the we comes from someone I found to trade with together as one unit. It's something I always thought was under utilized in retail and most people love to poo poo on it, but it's actually working really well as I anticipated.
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so it’s not the Royal we.
 
longandshort said:
What does their track record look like vs spx over time?
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You're disappointing me with that question and am not even joking. If you're actually managing like 20+ million dollars I'll let it slide. If you have to ask that question, than it pretty much means you have no hard edge and you're using account size and/or time as your edge

EDIT: Actually what I said doesn't fully make sense, but the point I was making is that it's a very poor measurement for success. Again sure if you're managing a lot of money I get it, but in general terms of performance as an intra-day active trader if your even having thoughts of making those comparisons, that's pretty bad.
 
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Concinnity said:
You're disappointing me with that question and am not even joking. If you're actually managing like 20+ million dollars I'll let it slide. If you have to ask that question, than it pretty much means you have no hard edge and you're using account size and/or time as your edge

EDIT: Actually what I said doesn't fully make sense, but the point I was making is that it's a very poor measurement for success. Again sure if you're managing a lot of money I get it, but in general terms of performance as an intra-day active trader if your even having thoughts of making those comparisons, that's pretty bad.
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You can let it slide.
 
Concinnity said:
You're disappointing me with that question and am not even joking. If you're actually managing like 20+ million dollars I'll let it slide. If you have to ask that question, than it pretty much means you have no hard edge and you're using account size and/or time as your edge

EDIT: Actually what I said doesn't fully make sense, but the point I was making is that it's a very poor measurement for success. Again sure if you're managing a lot of money I get it, but in general terms of performance as an intra-day active trader if your even having thoughts of making those comparisons, that's pretty bad.
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Considering that the average day trader loses money, the Spx is a great first pass. Anyway it seems like you don’t really know how their performance stacks, and don’t have much experience in markets anyway. But if you believe you can whiz you’re way on charts, that’s fine by me.
 
SunTrader said:
Me: nothing.
You: next to nothing

....... about how RenTech does it.

Yup you got me beat. :rolleyes:
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Yawn
 

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longandshort said:
Considering that the average day trader loses money, the Spx is a great first pass. Anyway it seems like you don’t really know how their performance stacks, and don’t have much experience in markets anyway. But if you believe you can whiz you’re way on charts, that’s fine by me.
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Don't understand what belief has to do with any of this? I've told you what we're doing, what has been accomplished so far and that other independent third parties have also viewed what we're doing. Given that they came to the same conclusion that we have and want to be involved. Nothing to do with belief, moving forward with actual action and things are advancing as planned. Find it odd your choice of words, but that's also fine by me and certainly your choice.

It seems it some regards you're looking down at others and saying look at what me and my peers can do. From my perspective given the resources you have and by your own admission the TA advantages you have over others, you're doing exactly what you should be doing and that's making money.

Just personally don't find it incredibly impressive, given I know what's possible once I have more resources and can hire a full time coder. There's a lot of things I want to automate and additional data looking to pull from the markets, that currently cannot do on my own.

It really isn't to take away from what you're doing if you're as successful as you say you are. In the grand scheme of things it's definitely impressive, I am just not quite as easily impressed as others, because I know what's possible.
 
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