Dear Eyal from Jerusalem,
I am not at all defensive and to directly address your question I am not involved in short term trading at the moment. This is, by the way, irrelevant because I work with traders on a daily basis and supply them with trading strategies, risk assessment and decision-making tools. Additionally, I used to work on the trading floor of one of the top-tier European banks (Equity derivatives trading). Since my work is in a different environment - trading by using graph-only-analysis is definitely out of the question. However, visualizing information through graphs is highly desirable when you don’t have the time to analyze information thoroughly. Consequently, incorporating mathematical models (as you have mentioned) into the short-term (or actually immediate..) “technical” trading might convert them indeed to be technical…
Before all the shouts and bad breath started on this debate, my initial comment was:
Watch out! Analyze and try to be coherent and aware and not only look on graphs, resistance & support levels etc in making your trades (some of the other comment on this debate sounded like taken out of a comedy act: “I don’t even know my positions…”, “I don’t even notice what stocks I trade…I am purely technical…” – complete nonsense if you ask my opinion!! What’s technical here? Staring at a BBG screen? ). In addition, the article is very superficial and in parts even misleading especially when you acknowledge the overall majority of the readers don’t have your or my background.
To sum up, I would love to take this debate further and actually I am very interested to hear your views (excluding some of the harsh/low comments…) and you’re more than welcome to contact me at effish@gmx.net.
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