Actually.. some academics do writer papers on just that. It's just the ones that publish garbage draw the ire of traders.
These people are idiots. Maybe they should study the role of "daytrading" in mutual funds. I bet they would find there is many times the intraday action versus the retail traders. Them that can, do....them that can't, write bullshit papers....
There's already a prop firm that has a trading floor in China and I was told they have a couple humdred traders
Good thread, from the citizen of the United State of American. We are the investor's and traders of our country. We all use technical and fundamental analysis, you know,the things we all learn in collage to make our market call's today. What other way is there. You could use lie's/cheating/stealing/ and fundamental analysis. They use the latter because of lack of technical analysis with fundamentals. Out of collage some of us became stock broker's, some became private investor, some became stock and commodity trader's and some day traders. All of us American Citizen are what this Stock Market is all about and it's not... the sec, market makers or specialists. This group have a job to do and that is to service ' All" of us who are investors. Period. The SEC should be protecting us the investor from market makers and specialists, and throw in mutual fund management who control American Citizen 401k account's. They should at all time, keep the integrity of the Markets. Keeping on this thread, let me mention what happen to me last week in a mutual fund my wife and I have thru work. (You all know how bad mutual funds are from work) Some one mention the PDT DayTrading rule's. Is something going on here that where not suppose to know. Listen to this to this one. This mutual fund name is, MFS Investment Management I think out of Boston Mass. For 10y in this fund you could rebalances your investments on a end of day plan. Not to bad. Notice on there web-site Apr 1, 2005, we will have a New Plan as of this date. The new plan is for your protect (the same MO as all government and corporation's lie to us about) to help you from losing. really really really. Since when did this start. The new plan now is, Only Two Trade's per quarter. Now that is going to save me a whole lottttttaaaa cash. Right!! Now you see why they don't like daytrader's. DayTrading is just too SAFE!!!!!!!!!!!!!!!!!!!!!!!! It's just to hard for them to get your MONEY. That's Why they are always looking to change the rule's and the Law to go after your money. The government and corporation's are after you money and will do anything, and I mean lie, cheat, steal, and fundamental analysis as mention in this thread. That why they like you to follow what the fundamental are saying. The Fundamental is a bunch of BULLSHIT. What a crime. That's why there knocking technical analysis. It's not under there control. They will break all the Law's on the book's to gain total control. They will have too break them all. I'll be watching. The reason the market is not reaching "informational efficiency" is b/c the fundamentals is and they know it , alot of shit. perrsan Don't Be Afraid pope john paul 2nd
Lol, I got a good kick out of this post. After decyphering, I pretty much agree with you. I have mutual funds thru fidelity at work that I've been putting about 20K/year into. But the performance of ANY option is dismal, like, maybe 5% per year. So, I've been taking "loans" from my 401k, tax-free and trading, then paying back interest to myself, tax-free. Beautiful. Technically the loans are supposed to be for "emergency" reasons, but they don't check, it's all automated withdrawwl and deposit. Hooray for loopholes!
I have actually read the paper. They put 12 students in front of a simulated market and let them "trade" for 90 minutes. They call it scientific experiment. Why rob banks if you can earn [good] money by conducting such "research"?