Re:Don't Steal Money from Day Traders Before They Lose It
by usefulcat on Friday September 07, 2018 @11:37AM
(#17935112)
If you haven't heard of arbitrage, you might want to look that up before assuming that all forms of profitable trading require knowledge of the future or inside information.
Re:Don't Steal Money from Day Traders Before They Lose It
by mikestew on Friday September 07, 2018 @09:54AM
(#17934215)
I don't believe it's possible to consistently make money ignoring "news, information, or fundamentals".
I’m not here to argue if it works, I’m arguing that there are people who trade stocks with no concern for anything that you mentioned. Argue the effectiveness all you like, people still do it.
Re:Don't Steal Money from Day Traders Before They Lose It
by baq on Friday September 07, 2018 @04:46AM
(#17932775)
It's educated guesses. At small scale you're just a speck traveling with the wind. Your job is to guess if direction suits you long enough. If you see someone with a leaf blower, it's just easier.
Re:Don't Steal Money from Day Traders Before They Lose It
by kgwgk on Friday September 07, 2018 @05:21AM
(#17932909)
The data may be noisy but as long as it’s not just noise it may be possible to find a signal that can be exploited.
By the way, people read the future all the time: it will rain today and it will snow in four months.
Re:Don't Steal Money from Day Traders Before They Lose It
by pasabagi on Friday September 07, 2018 @06:06AM
(#17933079)
I've never tried it myself, but I don't think it sounds impossible. Realistically, the greatest single stimulus for traders is the curve itself. So it would stand to reason that there would be patterns to its movement, since people and machines expect there to be patterns.
I don't believe it's possible to consistently make money ignoring "news, information, or fundamentals". Otherwise you're just fitting curves to noisy data. If it could work consistently, then you would be able to read the future.