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