Where are all the Trading and/or Investing topics showing Funnymentals work ....

longandshort said:
TA is primarily pitched to retail by discount brokers and “educators” (who don’t make a living off their pnl), as a way to induce orders. Fundamental equity research is hard which scares away a lot of retail. Discount brokers would be starving for order flow if they didn’t preach TA. It’s the qanon of trading.
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The Greats can probably rely on Fundamental Analysis, but the average Bum trader is probably better of sticking to Technical Analysis or a combination of both. Then there's the even "bummer Bum traders" who can't make T/A work, so become Scalpers.

That'll bring fire :D In 3-2-1 ...
 
Where are all the threads demonstrating TA works? You definitely win a participation trophy in LSD infused colorful paintings but so far have not demonstrated anything whatsoever beyond that...

By the way, there is plenty evidence fundamental analysis works as reflected by many hedge funds that generate market beating returns year in year out. Almost all trade based on fundamentals, news, shifts in central bank and fiscal policy and changes in stock fundamentals. Idiot.

SunTrader said:
better than a coin flip?
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... because what's the point debating with idiots who can't even look up historical performance records of dozens of hedge funds that have based their investment decisions on fundamental shifts of various metrics over decades. Nothing left to say...

Would love to hear of the same number of funds that purely base their decision making on technical analysis and generate excess returns over long periods of time.

schizo said:
Here's the important difference between all them funnymental fellers and all you TA goons.

TA (when hearing that TA is BS): You don't know what you're talking about!!! TA is reign supreme. What, I'm defensive? I'm overreacting? :mad:

Funnymental (when hearing that FA is #$@%!!): Yeah, whatever. :rolleyes:
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I downloaded the whole shebang of the 13F-HR report from Edgar. Warren's BERKSHIRE HATHAWAY INC(CIK 0001067983) bought TSM in Q3 last year and this news drove up the price by a few dollars. Last I read somewhere, he sold it. His holding has about 70 companies. Whereas, RENAISSANCE TECHNOLOGIES LLC(CIK 0001037389) has about 6000 companies. These two fund managers have some good track records and from their holdings both employ different methods. Jim Simons hires many Phds. I don't know whether they use TA or not but why Jim hires them Phds. How I use these data? I compare this qtr vs previous qtr. If I see something new, ah ha... I will look at charts. Does it works all the time? NO! I am not the only one looking at these thingy. BTW, it took me more than a year to come up with the script to compile this data. Matching the CUSIP to ticker symbol is one big challenge that has to be overcome first.

Another thing is about the survivability of a trend. All traders want the trend to continue until it becomes a 10 bagger or more. This can happen but not very often. In nature, not many seeds can become a big tree. How to track survivability? One way is to count the number of days a stock that stays above a moving average(I have posted this chart before). Tally the data and plot a frequency chart. You will see many trends suffer premature death. What does this tell us? A lot. Be patient, and let the trend develop.
 
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We know that, statistically, 90% of day traders are struggling and will ultimately fail.

We also know 90% of active funds, which mostly use fundamental analysis, vastly underperform S&P 500.

So what's the big deal whether one is better than the other? :rolleyes:
 
schizo said:
We know that, statistically, 90% of day traders are struggling and will ultimately fail.

We also know 90% of active funds, which mostly use fundamental analysis, vastly underperform S&P 500.

So what's the big deal whether one is better than the other? :rolleyes:
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Indeed. As long as the method let one stays in the market. Once there is no more cash in the trading account, that's it. Human see things through a set of filters in the brain. These filters cannot be swapped out like a camera. Market do crazy things. Staying in sync with it is a challenge.
 
Just be mindful that anything can happen in the market. This a quote from Chapter 6 of Trading in the Zone by Mark Douglas.

As the technical analyst was explaining to the chairman the significance of these two points, he stated in very emphatic, almost absolute terms that if the market goes up to resistance, it will stop and reverse; and if the market goes down to support, it will also stop and reverse. Then he explained that if the market went down to the price level he calculated as support, his calculations indicated that would also be the low of the day. As they sat there, the bean market was slowly trending down to the price the analyst said would be the support, or low, of the day. When it finally got there, the chairman looked over to the analyst and said, "This is where the market is supposed to stop and go higher, right?" The analyst responded, "Absolutely! This is the low of the day." "That's bullshit!" the chairman retorted. "Watch this." He picked up the phone, called one of the clerks handling orders for the soybean pit, and said, "Sell two million beans (bushels) at the market." Within thirty seconds after he placed the order, the soybean market dropped ten cents a bushel. The chairman turned to look at the horrified expression on the analysts face. Calmly, he asked, "Now, where did you say the market was going to stop? If I can do that, anyone can."
 
Overnight said:
I dunno' about next 5 minutes, but I can tell you about next 5 years...The answer is up.

Why? Because all the kids that are 6-10 YO now will in 5 years be demanding a smart phone. And there's a LOT of dem damn kids out there. And they are not cost-conscious and thinking of older models...They want the latest-and-greatest iPhone. AAPL is truly a stock to own, not to trade.
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Samsung building to compete. This new s23 ultra camera is nice, and 12gb of RAM is sick.
 
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