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I do agree that candle formations like head and shoulders, bull flags, etc do not work in the market (at least for me), but I don't quite get your point on why

by SirLJ 9y ago

I do agree that candle formations like head and shoulders, bull flags, etc do not work in the market (at least for me), but I don't quite get your point on why QT is a waste of time, since there are a lot of systems and people big and small beating the market on a regular basis, so let me give you 1 quote from Warren Buffett: “Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace, and those who read their Graham & Dodd will continue to prosper.”

nurettin 9y ago
My point is, QT methods have zero predictive capability, and are a complete waste of time and will not give you any usable skills in any other field, either. Opportunity trading (what Mr. Warren and others who occasionally profit from the market do) on the other hand, are entirely different animals. Not sure what you didn't understand.
- SirLJ 9y ago
  Agree to disagree, a lot of examples, best is probably Renaissance Technologies
  - nurettin 9y ago
    And they had 3bn$ to begin with. Those pockets are deep enough to pull a martingale. And this thread is about a web developer asking how to make side income. Still don't see the contrast?
    - SirLJ 9y ago
      Nope, I started small years ago and have a great success, so if I can do it as a side project, he can do it as well, it's not a open hearth surgery...
      - nurettin 9y ago
        Yes, it is so easy to get rich quick using QT, now I feel sorry I ever doubted it.
        SirLJ 9y ago
        It's not easy, but if you put the time end effort, it is quite possible...
        nurettin 9y ago
        These kinds of statements unfortunately depend on your personal credibility. Anyone can claim to be doing anything in order to feel good about themselves. I'd suggest keeping this to a circle of people who personally know you and know that this is true, not a bunch of strangers who will doubt your every word.
        SirLJ 9y ago
        You are probably right, but still I find it very amusing, if I was saying I am making the same amount of money with some sort of referral web site market dubious products, everyone here would have been very excited, but as soon as I mention the Stock Market I am getting down voted... This explains a lot: Wall Street is definitely succeeding brainwashing even the smart people that investing is something very complicated and everyone should be happy with average returns... Years ago the rage were the mutual funds, now are the passive buy and hold index funds (don’t get me wrong I have one long-term strategy investing in SPY, but making twice the average) No good deed goes unpunished here I guess... Not that I care very much, since I am not selling anything or peddling a personal blog for example... But what opens my eyes it the realization, that those people that dismiss the idea about making money from the stock market are the ones I am making money from one way or another, in the end it is a zero sum game, so if you are not making money in the stock market you are probably loosing one way or another...
        nurettin 9y ago

by SirLJ 9y ago

nurettin 9y ago

My point is, QT methods have zero predictive capability, and are a complete waste of time and will not give you any usable skills in any other field, either. Opportunity trading (what Mr. Warren and others who occasionally profit from the market do) on the other hand, are entirely different animals. Not sure what you didn't understand.

SirLJ 9y ago
Agree to disagree, a lot of examples, best is probably Renaissance Technologies
- nurettin 9y ago
  And they had 3bn$ to begin with. Those pockets are deep enough to pull a martingale. And this thread is about a web developer asking how to make side income. Still don't see the contrast?
  - SirLJ 9y ago
    Nope, I started small years ago and have a great success, so if I can do it as a side project, he can do it as well, it's not a open hearth surgery...
    - nurettin 9y ago
      Yes, it is so easy to get rich quick using QT, now I feel sorry I ever doubted it.
      - SirLJ 9y ago
        It's not easy, but if you put the time end effort, it is quite possible...
        nurettin 9y ago
        These kinds of statements unfortunately depend on your personal credibility. Anyone can claim to be doing anything in order to feel good about themselves. I'd suggest keeping this to a circle of people who personally know you and know that this is true, not a bunch of strangers who will doubt your every word.
        SirLJ 9y ago
        You are probably right, but still I find it very amusing, if I was saying I am making the same amount of money with some sort of referral web site market dubious products, everyone here would have been very excited, but as soon as I mention the Stock Market I am getting down voted... This explains a lot: Wall Street is definitely succeeding brainwashing even the smart people that investing is something very complicated and everyone should be happy with average returns... Years ago the rage were the mutual funds, now are the passive buy and hold index funds (don’t get me wrong I have one long-term strategy investing in SPY, but making twice the average) No good deed goes unpunished here I guess... Not that I care very much, since I am not selling anything or peddling a personal blog for example... But what opens my eyes it the realization, that those people that dismiss the idea about making money from the stock market are the ones I am making money from one way or another, in the end it is a zero sum game, so if you are not making money in the stock market you are probably loosing one way or another...
        nurettin 9y ago