|
PureBytes Links
Trading Reference Links
|
> For many years now Analysis techniques have been evaluated from traders
all over the globe with the intent of creating a better system of making
money.
maybe ... or ... what you see in the public, both for sale and free ones,
are not what real research is all about.
Real research in time series, pattern recognition, etc. require higher
understanding of statistics, computer science, etc. but most people
who claims to know something about TA are people who lack this type of
knowledge and tools. In the beginning of the born of TA, yes, you can
have someone with average knowledge to observe some simple concepts
and their recurring patterns, but when these basic knowledge get discounted
by public understanding, the more complex concepts are not easily
discovered any more.
> Many traders who began trading manually later evolved into electronic
trading because we were told that it was better.However we as traders still
must monitor the markets,make accurate decisions to protect our investments
and also look for formations and read live news so we as traders can
"predict" the markets.However I have seen no software that can do this,that
can actually take place of a trader... I
depending on the time frame you are talking about, arbitration of future
index and the
corresponding basket of stocks can be considered as a form of auto system.
It is a
clear and simple example for normal souls what advancement in TA can do.
and still
I suspect most people still do not understand what buy sell programs means
in
index futures - especially we have CNBC type of publicity of it :)
> also know that there are no companies claiming that their product can
replace a trader.There software only confirms what a trader already
knows.So what am i getting at well it's simple to me there is really no
such thing as electronic trading however there are traders and there is
trading and technology in regards to helping traders have not came very
far.
Those who is making money keep the trading secrets to themselves.
Those who cannot make money in trading sell what they have develop.
Those who cannot pull the trigger keep b.s. in the public fo how great they
are.
plus, a new bleed - those who do not trade nor develop new TA stuff sell
tools
for constructing systems.
-Lawrence Chan
p.s. so all great trading techniques are rediscovered again and again
by chance, by hardwork, or by luck, thats all it is :)
|