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From Wikipedia: "Some people claim that by recognizing chart patterns they are able to predict future stock prices and profit by this prediction; other people r
by rsiqueira 12y ago
From Wikipedia: "Some people claim that by recognizing chart patterns they are able to predict future stock prices and profit by this prediction; other people respond by quoting 'past performance is no guarantee of future results' and argue that chart patterns are merely illusions created by people's subconscious."
- balazsdavid987 12y agoIn my experience, the patterns are not illusions, they are very much real, but they don't have predicative power.
- fma 12y agohttp://www.bloomberg.com/news/articles/2015-02-20/high-frequency-trader-virtu-extends-nearly-unblemished-streak http://www.bloomberg.com/news/articles/2015-02-20/high-frequ... Predictive enough that when combined with money management strategies you can make money every single day of the year.
- throwaway183839 12y agoWhat Virtu does to make money (market making and latency arbitrage on a milli- and microsecond timescale) is very, very far away from recognizing chart patterns and trading on them!