Charlatan… Yep, that’s my name—don’t wear it out. Did anything in the data between 9:30 am - 1:12 pm indicate the drop at 1:13 pm? My signals said to sell AAPL at 11:35 a.m. The parameters you specified have nothing to do with the way I trade personally. It’s my job to interpret the data as it unfolds and use that information to calculate the statistical probability of price heading in one direction or another. For me, nothing changed at 1:13. Price was still heading south. Moreover, what happened at 1:13 was not random in that it was not without reason. By definition, it was an event driven by cause and effect. Why didn't the data between 9:30 am - 1:12 pm carry the message about the impending drop. You're saying IT DID? No, I am not saying it did. I’m saying the data at approximately 11:35 said to go short AAPL, then long at about 2:22, and then short again somewhere around 3:22. You are committing the problem of induction. You're being mislead/deceived/fooled. And yet I make money on a daily basis. But that’s just luck, right? It’s nice to be lucky every single day. It’s nice to be lucky with 75-100% of my positions each day. Silly me, I always thought chance was like 50/50, but if luck is defined as a typical daily success rate of 85-95%, that’s fine with me. I’ll take it, lucky dog that I am. No TA tool in the world would've predicted this to occur...why? Because then IT WOULDN'T HAVE OCCURRED! Right you are. No TA tool in the world would have predicted it to occur. Why? Because it was due to a fundamental news event. I’m not saying technical analysis is a crystal ball. I’m saying that it can raise this trader’s typical daily success rate from 50% prior to 2014 to somewhere around 90% from 2016 to today. (Note: You can do your charting tricks in hindsight only; to make it appear predictable) Dude, you’re the one who insisted on using AAPL. I trade foreign currency pairs, not equities. I would be happy to demonstrate my “charting tricks” in advance if I had good reason to do so, but I don’t. You would still attribute my calling trades successfully about 90% of the time to nothing more than luck, so what would be the point? Charlatan: a person falsely claiming to have a special knowledge or skill; a fraud. Yep, that’s me, Expiated Charlatan Fraud, III. And quite proud of it, too.
The day will come, Expiated Charlatan Fraud, III. 90% success rate from 2016-today. That’s why your skills landed you a job as a trader at Goldman Sachs making $50million a year running a book, I bet you’re overqualified for them tbh. Right? But you’re here.. on elite trader, but that’s because you’re humble...
Here's the thing...What did we do with the information we got AFTER the 1:13PM news drop about the China thing? Did we short it? We should know by now that trade news tends to move the markets in a general direction for the rest of the day, after the information hits the wire.
There's nothing more for me to say. I've spelled out my opinions and they differ with yours. I'm perfectly comfortable with this, so I will leave it to you and others to continue the dialogue. We could get into Goldman Sachs and why I am here on elite trader and whatnot, but why? Your opinions would remain the same and so would mine, and to be honest, I actually have some work I need to get busy on, so I'm going to turn my attention to the task before me now and leave you to continue enlightening others and whatever else you do to fill your days. May you experience tremendous success in whatever it is you're pursuing.
Does the boss (god) of a company create success for the apprentice and employees? Yes and no. God is not a puppeteer who creates success, He only provides the environment, the rest is up to ourselves to grasp, evolution weens the strong from the weak.