2 ms·
> it's basically day trading In my understanding day trading is mostly about looking for pretty patterns in lines and ascribing meaning to them, as well as att
by petesergeant 2y ago
> it's basically day trading
In my understanding day trading is mostly about looking for pretty patterns in lines and ascribing meaning to them, as well as attempting to trade on public information that HFTs and 3,000 well-paid and professional traders at GS have already priced in
- filoleg 2y agoWhat you are talking about (looking for pretty patterns in lines and ascribing meaning to them) isn’t day trading, it is called technical analysis. I mostly agree with your take on its usefulness though, there is a reason it is getting memed as astrology for finance bros.
- petesergeant 2y agoI understand they're different topics, but my understanding is also that amateur day traders go wild for technical analysis over most other signals, so in practice much day trading consists of it...