4 ms·

It’s very easy to tell if it works. If you go to an interview with Goldman Sachs and mention that you are an expert in TA what would be their reaction?

nonethewiser 3y ago
This is not an endorsement of TA but look at what they do, not say. They are highly influneced by chart movements. Price predictions and buy/sell recommendations are constrained by recent trends and observed prices. Even if they want to say they are driven by fundamentals. These “fundamentals” change in reaction to price action.
- PaulDavisThe1st 3y ago
  > This is not an endorsement of TA but look at what they do, not say So do they hire you, or do they not?
  - nonethewiser 3y ago
    Goldman Sachs is a weird authority to appeal to. And even if you want to you’ll be appealing to an authority that endorses aspects of TA.
- mcguire 3y ago
  Yes. If you value a stock based on fundamentals, including estimates of the company's future performance, at $10 and the current asking price is $100 you don't want to buy it. Vice versa, you would.
- NovemberWhiskey 3y ago
  >This is not an endorsement of TA but look at what they do, not say. What they do is make-market, rather than conduct proprietary trades, and spend huge amounts of time, money and effort on risk management that's based on hedging the risk in the book rather than forming an idea about which way the market is going to move.
btilly 3y ago
Their reaction is likely to hire you to write a newsletter to their customers, to convince their customers to trade on your strategies. Brokers don't particularly care whether their customers make money. But they do like customers who trade early, and trade often.
throwaway743 3y ago
Why would you be interviewing for a job if you were successful in using TA?
- mcguire 3y ago
  The best way to make money in finance is to manage other peoples' money.
  - throwaway743 3y ago
    But if one can make money on their own, why let someone else own their time, unless they don't value their time as much?
    - malux85 3y ago
      Because if you work with other peoples money, there's a LOT more of it, so you can trade 100x more often and size your positions over a greater range. Source: I'm a quant
      - mcguire 3y ago
        Is that a strange way of saying, "if you work with other peoples money, some of it stays with you".
        malux85 3y ago
        We provide value by increasing their wealth, and take a % for doing so, they benefit and we benefit. This concept is new to you?
    - iopq 3y ago
      Okay, do you want to make 100% of profit or loss on your portfolio of $1,000,000? or do you want to make 1% of $100,000,000 win or lose, you still get paid every year?
jjav 3y ago
> If you go to an interview with Goldman Sachs and mention that you are an expert in TA The key point is that if you were a consistent expert in TA you don't need to interview anywhere. You can be a billionaire trading from home.

nonethewiser 3y ago

This is not an endorsement of TA but look at what they do, not say. They are highly influneced by chart movements. Price predictions and buy/sell recommendations are constrained by recent trends and observed prices. Even if they want to say they are driven by fundamentals. These “fundamentals” change in reaction to price action.

PaulDavisThe1st 3y ago
> This is not an endorsement of TA but look at what they do, not say So do they hire you, or do they not?
- nonethewiser 3y ago
  Goldman Sachs is a weird authority to appeal to. And even if you want to you’ll be appealing to an authority that endorses aspects of TA.
mcguire 3y ago
Yes. If you value a stock based on fundamentals, including estimates of the company's future performance, at $10 and the current asking price is $100 you don't want to buy it. Vice versa, you would.
NovemberWhiskey 3y ago
>This is not an endorsement of TA but look at what they do, not say. What they do is make-market, rather than conduct proprietary trades, and spend huge amounts of time, money and effort on risk management that's based on hedging the risk in the book rather than forming an idea about which way the market is going to move.

btilly 3y ago

Their reaction is likely to hire you to write a newsletter to their customers, to convince their customers to trade on your strategies. Brokers don't particularly care whether their customers make money. But they do like customers who trade early, and trade often.

throwaway743 3y ago

Why would you be interviewing for a job if you were successful in using TA?

mcguire 3y ago
The best way to make money in finance is to manage other peoples' money.
- throwaway743 3y ago
  But if one can make money on their own, why let someone else own their time, unless they don't value their time as much?
  - malux85 3y ago
    Because if you work with other peoples money, there's a LOT more of it, so you can trade 100x more often and size your positions over a greater range. Source: I'm a quant
    - mcguire 3y ago
      Is that a strange way of saying, "if you work with other peoples money, some of it stays with you".
      - malux85 3y ago
        We provide value by increasing their wealth, and take a % for doing so, they benefit and we benefit. This concept is new to you?
  - iopq 3y ago
    Okay, do you want to make 100% of profit or loss on your portfolio of $1,000,000? or do you want to make 1% of $100,000,000 win or lose, you still get paid every year?

jjav 3y ago

> If you go to an interview with Goldman Sachs and mention that you are an expert in TA The key point is that if you were a consistent expert in TA you don't need to interview anywhere. You can be a billionaire trading from home.