Editing Talk:2101: Technical Analysis

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[[User:Keybounce|Keybounce]] ([[User talk:Keybounce|talk]]) 00:31, 22 January 2019 (UTC)
 
[[User:Keybounce|Keybounce]] ([[User talk:Keybounce|talk]]) 00:31, 22 January 2019 (UTC)
:Keybounce, do you have any thoughts on how to share some of that with the layperson?  The cryptocurrency markets are highly volatile and worth many billions of dollars.  People with little resources are getting involved and either going bust or becoming millionaires.  The trading history makes it clear there is a lot of automated trading for a long time, but I'm not sure many people really know what they are doing, and the publically available code appears pretty weak.  There is a lot of opportunity here to make huge impacts on major economic and social groups in ways that could really help problems in the world. [[Special:Contributions/172.68.65.228|172.68.65.228]] 03:32, 22 January 2019 (UTC)
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:Keybounce, do you have any thoughts on how to share some of that with the layperson?  The cryptocurrency markets are highly volatile and worth many billions of dollars.  People with little resources are getting involved and either going bust or becoming millionaires.  The trading history makes it clear there is a lot of automated trading for a long time, but I'm not sure many people really know what they are doing, and the publically available code appears pretty weak.  People who contribute resources like reliable public trading bots could make huge impacts on major economic and social groups. [[Special:Contributions/172.68.65.228|172.68.65.228]] 03:32, 22 January 2019 (UTC)
 
 
True that computerized arbitrage/high frequency trading occurs at speeds which leave zero room for human reaction times (see the $$$ made by shaving only 3 milliseconds’ [!!] from the transmission delay, when Jim Barksdale built a new straight-path fiber optic line from Chicago Mercantile to NASDAQ in NJ in 2010, and by McKay and Tradeworx using microwave tower relays since then), but computerized arbitrage is, broadly, not the same as technical analysis of markets. Arbitrage takes immediate advantage of brief pricing trends and inefficiencies, while analysis seeks to predict pricing. Of course, technical analysis is also computerized at inhuman speeds, and its algorithms are used in arbitrage, but seems to me the comic isn’t about arbitrage, as such.[[User:Miamiclay|Miamiclay]] ([[User talk:Miamiclay|talk]]) 20:03, 22 January 2019 (UTC)
 
 
 
I'm disappointed that there wasn't a [https://en.wikipedia.org/wiki/Wow!_signal "WOW!"] entry [[User:John.Adriaan|John.Adriaan]] ([[User talk:John.Adriaan|talk]]) 01:38, 24 January 2019 (UTC)
 
:I fixed your link, hope that's okay. [[Special:Contributions/172.68.51.178|172.68.51.178]] 13:29, 24 January 2019 (UTC)
 
 
 
I always cringe when I see some trader (who probably don't have an economy degree) try to show with technical analysis that he could predict X happening over a year in advance. Just this day I saw it in my daily economy news. No, sorry to tell you this... if you couldn't predict X happening the day before you sure as hell couldn't predict it a year in advance. Conversely it doesn't make sense to apply fundamental analysis to stocks that you don't plan to keep for more than a year. That's not to say these methods are useless, they are useful for making educated guesses but all should be aware of their limitations. [[Special:Contributions/162.158.89.61|162.158.89.61]] 19:30, 24 January 2019 (UTC)
 
 
 
Despite the comment on the social usefulness of global trading, I'd argue that it has largely replaced outright wars. So we now have a lot more people than the world needs. Though implying that global trade is inherently evil is at best just not very well informed. The market can to some degree fix global inequalities, but it also concentrates money on a few hands, which is the inevitable outcome if it is not regulated somehow. The problem here is you can't really regulate capitalism unless you do it globally. [[Special:Contributions/162.158.92.34|162.158.92.34]] 20:23, 24 January 2019 (UTC)
 
:I'd argue that global trading has increased, not decreased, wars: roughly by creating the concentrated disparities of resources and power that you describe. [[Special:Contributions/162.158.78.220|162.158.78.220]] 23:34, 24 January 2019 (UTC)
 
 
 
I think the Doldrums may refer to Norton Juster's novel, The Phantom Tollbooth.  Early in the protagonist's adventure, he enters an area of the map called The Doldrums.
 

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