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Do we know for sure he doesn't mean technical analysis? When discussing his strategy (6m 30s) he says: > Looking at the patterns of prices, I could see that th
by nomilk 3y ago
Do we know for sure he doesn't mean technical analysis? When discussing his strategy (6m 30s) he says:
> Looking at the patterns of prices, I could see that there was something to study, maybe some ways to predict prices mathematically and statistically.
And shortly after he speaks of doing way with 'the fundamental stuff'. And also:
> Gradually we found more and more anomalies, and you put together those anomalies and you get something that predicts pretty well.
- paxys 3y agoEvery trading strategy involves looking at the past price of a stock. Technical analysis involves looking at the past price and nothing else. That's quite literally the definition. Everyone is going "oh you can do that but also do XYZ other things". Well sure, but at that point it isn't technical analysis.
- nomilk 3y agoTechnically (no pun) technical trading is looking at historical prices and volumes. But that's not really important. I guess you're right and I misinterpreted the comments made in the video to mean he finds mathematical patterns in the price/volume data. But now I revisit that evaluation I think it's almost certainly wrong; he almost certainly would use other data too (I mean, why not use everything available to you). It makes sense that he's probably using many, many other data sets and not relying on price/volume alone, and hence it's probably (almost certainly) not technical analysis. Thanks for the correction.