What Do Hedge Funds Think of Technical Analysis?
day trader October 1st. 2020, 12:39pmWhat do hedge funds think of technical analysis? Corvin Codirla, ex-hedge fund manager and independent traders comments. Do you need to be good at maths to make money trading? Why aren’t economists wealthy / successful investors? Or are they? Some of them love it and some of them hate it. It also depends what you mean by technical analysis. If technical analysis means optically looking at charts and looking for patterns like head and shoulders..etc it becomes very difficult to test. If something cannot be written down in a set of rules, then it is not useful. Others will argue that technical analysis is more of an art than a science. Knowing maths doesn’t necessarily make you smart.
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October 1st, 2020 at 12:51 pm
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October 1st, 2020 at 1:05 pm
Lots of people that “think” that they’re intelligent while they actually aren’t. They suffer overconfidence bias. The only way to know if you’re actually smart is if you can truly think of all avenues and at a faster speed. If you find yourself always surprised things didn’t work out, or that people around you tend to not value your ideas, there’s a high chance you fall under this category.
October 1st, 2020 at 1:33 pm
Some think it's purely for the uneducated types who believe in astrology
October 1st, 2020 at 1:46 pm
Trying to prove your right in a trade will blow your account.
October 1st, 2020 at 2:36 pm
This man is brilliant! Very philosophical! Amazing
October 1st, 2020 at 2:46 pm
What's the answer by the way, I feel that I miss it somewhere!
October 1st, 2020 at 3:42 pm
Economics is all bullshit. Its a social science that tries to be a hard one. Thats why they arent successful.
October 1st, 2020 at 4:16 pm
wow great video, great questions, loved the interviewer and interviewee
October 1st, 2020 at 4:43 pm
Tech analysis is hindsight. The best count the hits and ignore the misses.
October 1st, 2020 at 4:55 pm
Amazing advice.
October 1st, 2020 at 5:17 pm
You also have to understand that what traders do is not in any way as important as what engineers, who are changing the world, are doing. So some a lot of smart people chose to change the world instead of changing their bank account. If scientists figure out how we can colonize the universe, then their actions would have mattered a lot more than the peole trading the market would have. Being a trader is honorable hard work, but you have to understand that it is not that important! (I want to be a trader, so im not bashing trading, this is just pure logic).
October 1st, 2020 at 6:01 pm
this is not about technical analysis this is about life
October 1st, 2020 at 6:30 pm
Smart people get analysis paralysis.
October 1st, 2020 at 7:02 pm
They keep saying smart people are not rich and stupid people are rich. Where are they getting this stat from??? Some smart people are rich and some stupid people are rich. Some smart people don't make money and some stupid people don't make money. You have to look at large number of investors and find out how smart they are then figure out how much intelligence it takes to make money I think the whole interview went nowhere.
October 1st, 2020 at 7:56 pm
So rich people are stupit because you are an echonomist who is not as rich as these brave investors. I get it.
October 1st, 2020 at 8:52 pm
Classic lower highs and higher lows are 1 of the best for technical trading
October 1st, 2020 at 9:34 pm
Trader or not, everyone needs to hear the end of this video.
October 1st, 2020 at 10:22 pm
Intelligent people are more critical and also self critical. This breeds inaction which keeps them poor.
October 1st, 2020 at 11:12 pm
Wow, I didn't expect this from the title. I've been trying to break through these same barriers if self doubt. As a new trader, I have found that my desire to win every trade keeps me from taking trades. I've been working in taking more risks, and accepting failures as the path to finding winners. This really applies to life as much as trading.
October 1st, 2020 at 11:18 pm
Can you see the bigger picture ?