I mentioned previously that hitrate was in absolute terms. The hitrate of your signal absolutely needs to be 50%+. In stats terms, if your...
Yep! We like to say “stock prices are non-stationary”. You improve your analysis if you looked at log chg of price instead of absolute price. The...
Yes… this style is also the bread & butter of equity pods at hedge funds like millennium, citadel, baly, etc.
I trade quarters and my time horizon is typically 0-14 days (including intraday). But again, we all have different styles. Some people are...
That is also true for coinflips and buy & hold…
I hear what you’re saying but practice does not make perfect. Perfect practice makes perfect. If your hit rate is not above 50% why are you...
If technicals add negative value (by subtracting from a random 50/50), why use them at all?
So you’d rather guess what’s going on with the stock price instead? I’ve not seen a “technical analyst” with a hit rate above 50%, which means...
I don’t think you understand what fundamental analysis actually is. Estimates of future cash flows, the discount rate, and long term growth, are...
That guys win rate is less than 50% which means he probably could improve his pnl if he flipped a coin instead of used “price action”. My hit rate...
Lol what battles are you talking about? Anyway it sounds like you want to believe in technicals. Best of luck with your trading.
This is a great question and you're on the right path (but using trendlines is still garbage). Generally speaking, as a trader I want to focus on...
@themickey Ugh this is a microcap AND complex share structure (ADR, aussie, etc.). Not a fan of analyzing these types but here's how I'd approach...
If you're actually interested I'll show you. Give me a real ticker. :-)
How does that work if you’re selling when a stock hits its trend line? Don’t you see how arbitrary that is?
Ever heard of an s-1 or guidance? o_O The only stocks without “fundamentals” are scammy penny stocks…
Let me introduce you to suntrader, a chartist who likes to make fun of “funnymentals”. :rolleyes:
Do you know? For example, I know that my hit rate is 65%… because I look at my trades and calculate win/loss (absolute pnl).
You draw the trend line and then if a stock breaks it you exit? Have you consistently beaten the S&P? Because missing out on stocks “breaking out”...
Don’t try to “day trade”. Be hyper focused on uncovering opportunities regardless of the timeframe. For example, if you understand options, it...
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