>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 amount

>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.