Thread: userque's Account talk

Originally Posted by burrocrat

the only thing that is missing is a giant stripper pole in the middle.

On the 1st of May, it is publicly acceptable to dance around a pole.

Originally Posted by DaddyTin

On the 1st of May, it is publicly acceptable to dance around a pole.

in Poland the 1st of May is State Holiday (aka Labour Day), so called after throwing off the shackles of communism and renaming 'May Day.' No mention of anyone dancing around the citizens though.

Originally Posted by Whipsaw

in Poland the 1st of May is State Holiday (aka Labour Day), so called after throwing off the shackles of communism and renaming 'May Day.' No mention of anyone dancing around the citizens though.

Just the kind of day to Polish the fingernails. Some labour involved in getting the nails done. Could take a day or so to dry.

Originally Posted by DaddyTin

Just the kind of day to Polish the fingernails. Some labour involved in getting the nails done. Could take a day or so to dry.

In preparation for the Pole Dancing, of course!

CARTOON:

CARTOON:

Couldn't find the video outside of facebook, but here is an AI mass suicide
https://m.facebook.com/story.php?sto...18225215167762

CARTOON:

Don't get me wrong, I believe proper T/A, properly used can work. But, here is an interesting/funny article. Author seems a bit upset:

Why Technical Analysis is 100% Bullshit
Why Technical Analysis is 100% Bullshit - F.S. Comeau

Here's a relatively small excert.

" ... Unless you’ve worked at a proprietary firm, you have NO IDEA of what you’re going against!

A single proprietary trading firm can have enough computers to fill your house ten times and then some. Each of these computers can easily be $50,000 or more. These firms have zero problem hiring the best programmers in the world for $500 per hour or more to program some of the most complicated programs that ever existed. I’m telling you that people trading at proprietary firms are at least as smart as NASA engineers and sometimes smarter. Except for a tiny number of individuals devoted to making this world a truly better place, in this world, money is a much more powerful motivator than the pursuit of scientific progress. Don’t believe me? A NASA engineer earns something like $100,000 per year. A good trader can EASILY earn $100,000 per DAY. EASILY.

In my career, I saw a data center used for trading that was so large I couldn’t see the back wall. “We haven’t even used most of the computers you see here,” said the guy to me. The firm had been operating been for more than ten years. That gives you an idea of how just well-equipped and well-capitalized these guys is.

These guys have no problem investing millions to cut their ping from 2s to 1.99s. They have no problems paying an additional $10,000,000 per month rent just to have a office that is half a mile closing to Wall Street just so their orders will pass through a milli-second faster. These people have no problems offering a $500,000 signing bonus to grab the best financial engineering grads and then offering millions of dollars in bonuses every year, even if the trader doesn’t perform all that well.

These people can test BILLIONS of possible technical analysis indicators and combinations on about every single product that exists a million times by the time you notice your little “A heads and shoulder pattern is forming!” These people can send a million trade by the time your finger hits the “buy” button. These people can backtest millions of strategies in real time by the time you blink your eyes. And despite all that, the vast majority of these funds do not beat the market on a risk-adjusted basis over an extended period of time.

Do you really think your stupid moving average crap can compete with them? ..."

More: Why Technical Analysis is 100% Bullshit - F.S. Comeau

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