What Do Hedge Funds Think of Technical Analysis?

[SunTrader]

....
2- Yes you’re a retail “daytrader” punting e-minis. Congrats.

But trading at a hedge fund, or other large investment fund, is quite sophisticated and very different from what you do.

I know. Beat ya to it:-

Post# 17

"Yup amazin' how so many ignorantly lump drawing lines and stares at charts, that us sophisticated folks don't use,......."

So so sophisticated that a high majority of HF's, just like retailers, lewz. But at least they do it in a sophisticated way.

 

[taowave]

Im in your camp,but i have no doubt there are a small group of talented individuals who trade "technically" with sound money management and knock the cover off the ball...

Would love to see some evidence of this. You got some data?

 

[longandshort]

I know. Beat ya to it:-

Post# 17

"Yup amazin' how so many ignorantly lump drawing lines and stares at charts, that us sophisticated folks don't use,......."

So so sophisticated that a high majority of HF's, just like retailers, lewz. But at least they do it in a sophisticated way.

severe dunning-kruger here. For the quants who do utilize technical data (e.g. price, time and sales data, etc.), they can spend weeks/months conducting research (reading a lot of research, testing and sampling data, testing and measuring analysis) before they put a trade on.

here are snippets of real hedge fund job postings lol:

Citadel:

Citadel 2:

It's cute you say "funnymentals" lol, meanwhile, citadel continues to crush it.

 

[longandshort]

Im in your camp,but i have no doubt there are a small group of talented individuals who trade "technically" with sound money management and knock the cover off the ball...

yes but we're talking about a tiny subset that as a % of population would be no different than the % of monkeys with darts who also beat SPX...

 

[SunTrader]

severe dunning-kruger here. For the quants who do utilize technical data (e.g. price, time and sales data, etc.), they can spend weeks/months conducting research (reading a lot of research, testing and sampling data, testing and measuring analysis) before they put a trade on.

here are snippets of real hedge fund job postings lol:


It's cute you say "funnymentals" lol, meanwhile, citadel continues to crush it.

And here is a pic grabbed from Point 72 website. What is that? Are those Moving Averages and Trendlines on their Bloomberg? Sacrilege. hehe stop digging. Good night.

 

[longandshort]

And here is a pic grabbed from Point 72 website. What is that? Are those Moving Averages and Trendlines on their Bloomberg? Sacrilege. hehe stop digging. Good night.
View attachment 305139

oh yeah you got me

here’s an actual p72 job posting (no technical analysis or reference to such lol): https://careers.point72.com/CSJobDe...da&jobCode=LSI-0007969&retURL=/CSCareerSearch

 

[taowave]

Yes,Uncle Steve did look at technicals(we covered him) but later found inside info to be far more effective

And here is a pic grabbed from Point 72 website. What is that? Are those Moving Averages and Trendlines on their Bloomberg? Sacrilege. hehe stop digging. Good night.
View attachment 305139

 

[Buy1Sell2]

Only one of the guys is legit, and yeah sure at the end of the day if you can make money good for you. Vast majority of hedge funds do not use technical analysis in a meaningful way like retail (e.g. trade ideas, price targets, etc.). While certain technicals are valuable (skew, positioning, momentum), in real life the amount of liquidity you’re seeing on screens is chump change and no hedge fund or large investor (ex-hft, which is also non-technical) is trying to squeeze for pennies lol.

They don't use it for establishing longer term positions?

 

[longandshort]

They don't use it for establishing longer term positions?

Nope. Always surprised when I hear daytraders who think institutional capital is managed with technicals.

 

[Buy1Sell2]

Nope. Always surprised when I hear daytraders who think institutional capital is managed with technicals.

I know they do use it for longer positions. Technicals actually work better on longer time frames anyway.