https://www.youtube.com/watch?t=2019&v= ... e=youtu.be
At 33min he argues technical analysis in sports trading having "minimal predictive power" and is largely leading new traders down a dead end focusing on candle sticks etc
I thinnk hes making some good points, do you agree?
Technical Analysis is stupid
I'm not into TA but I would say TA depends on the analyst, not the concept. Some idiots find they're useless at something and draw the conclusion that it's useless rather than them. How many times have we heard someone say, you can win on football but not on horse racing?rik wrote: ↑Wed Feb 10, 2021 5:55 pmhttps://www.youtube.com/watch?t=2019&v= ... e=youtu.be
At 33min he argues technical analysis in sports trading having "minimal predictive power" and is largely leading new traders down a dead end focusing on candle sticks etc
I thinnk hes making some good points, do you agree?
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Trader Pat
- Posts: 4327
- Joined: Tue Oct 25, 2016 12:50 pm
I've listened to that for 5 minutes and feel like I need to ring the Samaritans
ha, what do you mean?Trader Pat wrote: ↑Wed Feb 10, 2021 6:28 pmI've listened to that for 5 minutes and feel like I need to ring the Samaritans
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Trader Pat
- Posts: 4327
- Joined: Tue Oct 25, 2016 12:50 pm
Sorry I was just been talked down off a roof
He sounds a bit like Jo Brand but without the punchline
He sounds a bit like Jo Brand but without the punchline
So Jo Bland then?Trader Pat wrote: ↑Wed Feb 10, 2021 7:25 pmSorry I was just been talked down off a roof
He sounds a bit like Jo Brand but without the punchline
Not sure who any of these people are but I was getting an Alex Ferguson vibe for a moment there.He does sound normal if you put the Playback Speed to 1.5x.
I don't blame people for not believing, as YouTube is stuffed full of clickbait nowadays, but this is also clickbait and misleading.
There are a few valid points in the video, but the general thrust is off the mark and indicates that he hasn't actually tried or attempted to understand how people like us trade. His ladder is the wrong way around for starters.
I only trade high liquidity periods, don't particularly look at form to make a judgement and yes, I use graphs and key points in the market and order flow. But I have a whole set of strategies in my arsenal built up over nearly 20 years in the markets.
I've often produced detailed videos discussed specific topics in depth, but they rarely get many views. But also, I've made an insane amount of money doing this. I just can't believe that I'll still doing it all these years later, but I also can't believe that I'm still asked to justify if I actually do it. It's amazing that this is still the case, but it makes me believe that it's quite likely I'll continue to be able to do this for years to come.
There are a few valid points in the video, but the general thrust is off the mark and indicates that he hasn't actually tried or attempted to understand how people like us trade. His ladder is the wrong way around for starters.
I only trade high liquidity periods, don't particularly look at form to make a judgement and yes, I use graphs and key points in the market and order flow. But I have a whole set of strategies in my arsenal built up over nearly 20 years in the markets.
I've often produced detailed videos discussed specific topics in depth, but they rarely get many views. But also, I've made an insane amount of money doing this. I just can't believe that I'll still doing it all these years later, but I also can't believe that I'm still asked to justify if I actually do it. It's amazing that this is still the case, but it makes me believe that it's quite likely I'll continue to be able to do this for years to come.
Looks like he has been arbing or matched betting for a while.My Gambling Background
My name is Artimus Paint. I have a PhD and a background in statistics. Despite having a good salary, I left the 9-5 grind over 10 years ago. My work hours were longer than 9-5 and I valued my time more than money. Since then, I have started various internet businesses.
I have made 6 figures “gambling” online. I achieved that over 10 years. I had a full-time job as well for 4 of those years. I made this money from backgammon, poker and matched betting.
I'd say the biggest sceptics I meet in this space are the PhD's, because if they can't do it then everybody else is just too stupid to be able to.
If I put a partially naked women on the thumbnail and called it 'Three easy ways to make a risk free second income and pay off your debts tomorrow with this easy betting strategy' I would probably get 100,000's of views as that has the broadest appeal.
But I deliberately don't, as I consciously can't head into the gutter, so it's only people that really go in-depth find the videos and that's always going to be a niche.
But actually that's probably no bad thing to be honest.
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Realrocknrolla
- Posts: 1910
- Joined: Fri Jun 05, 2020 7:15 pm
Never change. Your material is priceless. And i think i speak for most people on the forum.Euler wrote: ↑Wed Feb 10, 2021 8:20 pmIf I put a partially naked women on the thumbnail and called it 'Three easy ways to make a risk free second income and pay off your debts tomorrow with this easy betting strategy' I would probably get 100,000's of views as that has the broadest appeal.
But I deliberately don't, as I consciously can't head into the gutter, so it's only people that really go in-depth find the videos and that's always going to be a niche.
But actually that's probably no bad thing to be honest.
Hard to make a fair comment without really seeing the video, but I think it's normal that people have a hard time quantifying it all and it's far easier for them to just dismiss things they don't understand.rik wrote: ↑Wed Feb 10, 2021 5:55 pmhttps://www.youtube.com/watch?t=2019&v= ... e=youtu.be
At 33min he argues technical analysis in sports trading having "minimal predictive power" and is largely leading new traders down a dead end focusing on candle sticks etc
I thinnk hes making some good points, do you agree?
Just because a random punter or matched bettor has a PhD in stats it doesn't exactly make him qualified to discuss technical analysis and trading order flow etc in such a way. If he's not a trader and is on the outside looking in then he virtually has no chance of understanding these concepts, let alone quantifying them for others.
But to be fair, you can't blame the guy too much because many opportunists have muddied the shallow waters of this industry, so I can imagine it's very difficult for him to tell sharks apart from plankton, but if he puts any real effort into it then it should be pretty obvious and he should be seeing nothing but crystal clear Caribbean water.