Re:Ask HN: Looking for traders that use technical analysis
by pillefitz on Thursday May 23, 2024 @12:16PM
(#40456579)
Technical indicators are the bread and butter of professional traders.
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Re:Ask HN: Looking for traders that use technical analysis
by marcofiset on Thursday May 23, 2024 @03:07PM
(#40458653)
Of which the vast majority cannot consistently beat index funds.
Re:Ask HN: Looking for traders that use technical analysis
by zscoops on Thursday May 23, 2024 @03:33PM
(#40458916)
Someone suggested adding a comparison to the backtest results, showing the profit and loss from buying and holding the asset versus the profit and loss from the user-defined strategy. I think this is really interesting to see.
Unfortunately, I don't have data on the performance of professional traders, so I can't say whether most of them beat index funds. If you have any sources, I would love to see them.
Re:Ask HN: Looking for traders that use technical analysis
by marcofiset on Thursday May 23, 2024 @04:36PM
(#40459611)
Plenty of sources cited in this article: https://www.nasdaq.com/articles/want-to-outperform-92-of-pro...
Re:Ask HN: Looking for traders that use technical analysis
by throwaway211 on Sunday May 26, 2024 @02:34AM
(#40480162)
Clearly their tools are not good enough. /s
Prices are made by humans, including the edge case of automation where instructions are still human.
On average not beating an average where there are transaction and membership fees is therefore expected, it could not be any other way. That doesn't however make the index the best predictor of itself.