deandree
Joined 7 years ago
Joined 7 years ago
I must know you from somewhere. A random stranger wouldn't spend so much time obsessing and being jealous over my medicore success post.
Based on your green nickname, you probably even registered just to come comment on my post. I advice you to stop wasting time on such activities.
As for your points:
1) Trading is a game of probabilities and risk management. None of the best traders I know are trying to predict anything. They are merely reacting to situations where they have calculated advantage. They know their edge, they know their odds, and they are placing their bets when it's skewed in their favor.
2) For most retail trading styles and portfolio sizes, real trades will have an impact, but not significant enough for it to worry about too much. Unless asset your're trading is really illiquid.
Also, here's my favorite counter argument to EMH - https://securityboulevard.com/2020/04/investors-buy-up-the-w...
I posted this here with close to 0 expectations, because my posts in HN usually don't get much attention. If you've seen this on Reddit, you should know it was very well received in multiple subs, so getting a bit more than 20 upvotes here wouldn't be something out of the ordinary.
Anyway, size is on the feature list, will be added in following weeks.
Self-fulfilling prophecy is not a real thing - take any chart and you can find 10 patterns that say up and 10 that say down. Big players move the markets and they don't use retail trader Technical Analysis patterns.