What Do Hedge Funds Think of Technical Analysis?
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- เผยแพร่เมื่อ 28 ส.ค. 2024
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What 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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trading advice turned out into a very significant bit of life advice
This guy isn't only very articulate, he's clearly weathered some storms and had many life experiences. I'm sure it was a hard path but his wisdom is the valuable result.
Dude, this was crazy. Started as a discussion on analysis and turned into one of the greatest motivational talks of all time.
holy shit that's a damn strong argument about intelligent people tending to be highly self-aware and focusing on their short-comings and reflecting too much I buy it!
Came for trading knowledge, left with great life lessons.
Did I actually find a yt comment section that isn't entirely toxic?
FOLO = fear of losing out, FOMO - fear of missing out. FOGI, fear of getting in, FOGB, fear of giving back,
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.
This is a good interviewer
Yeah because she listens more than talking.
For all you that think this guy is a genius, well you’re wrong. He’s just doing everything the way that it’s supposed to be done, systematically and professionally. It’s not hard to do, it’s very straightforward, but it takes discipline and making the right choices in life. Most of you are your own worst enemies, with no discipline, and make all the wrong choices. It’s your own fault, and it’s upto you to change it.
This is possibly one of the most intelligent pieces of advice I've heard in relation to trading or any other area of life. This is a very intelligent individual!
This guy has in-depth thought process
Too much information to take trades - hit the nail on the head! I have come to realise that Fibonacci, Elliot wave and all other indicators are a waste of time and space! All you need is pure volume and volatility, from this, you have everything you need to know about the balance of power in the markets! The volatility helps find MM's (Market Manipulations) and you can trade them equally well once you understand them! My charts are clear and I can determine levels with a high degree of success. Great video in this series!
I came here for a simple answer to a technical question and was faced with solutions to problems I wasn't aware I had.
Lots of knowledge dropped from this guy
This man is speaking out of point, I'm a technical analysis trader and I backtest and I have my trading rules, the previous price action will never change in the future but maybe you can change the way you look at it
Technical Analysis done with proper volume studies alongside have treated me very well over the years. Yes it's subjective but for a daytrader, there's no other way.
This video is so good that I am even looking forward to reading the comments 🤓
He just dropped some real knowledge 👏🏾👏🏾He just gave a perfect explanation to why some people don't realize their full potential
all i look at is , Volume , price action , lvl 2 and the tape. No Indicators
If you are not at that specifically point in which you've been there and done that, you will never understand how true is everything he says.
I won't say I am particullary intelligent, but I constantly beat myself up for almost everything and it has led me to a severe depression and suicidal fantasies.
Modern age actually worsens it, you constantly see people who are much better than you at everything and this puts you in a very bad mental place of having no self-worth
Trader or not, everyone needs to hear the end of this video.
I like numbers and the use of quantitative analysis. These are useful for me to build up confidence. There is a huge amount of information each day, and knowing how to screen the useful from the crabs is important. Being good at maths is an edge. Smart guys may not make big money, because they are too smart but are not persistent. If I know that my judgment is correct, but the stock prices go down and cause me losses, I would not give up too soon. When the market has undergone corrections, the prices would go up again and I would add more. Look forward, forget the past and learn lessons from the failures!
"Very few people are ready to be the fool and fall flat on their face"- That's one of the most intelligent statement I have heard in life.
@5:10 I was with him right up until "life is about pulling the trigger, then aiming". Oy! Never give this man a fire arm! ;) At best it was a poor analogy, but I think I understand what he was trying to say. Since you don't know what will happen in the future, you should first take action, and adjust your course based on what happens after your act. I did appreciate many of his insights. ie you can succeed with an average IQ, perseverance not intelligence is a more accurate indicator/better quality for becoming rich, etc.
Technical analysis is technical, the game isn't.
I've been studying different type's of technical analysis and i finally pulled the trigger on one type. It has been working for me so far so Im going to keep at it.
Yes, true...analysis paralysis, and applies to all financial info out there...like where to invest etc.
Great interview!
i love this guy makes much sense to me. bless you.
Its so nice when there isn't any goofy background music and the interviewer just asks the questions and waits for the full reply.
TA an FA apart, what is needed more to do well in trading is what he says at 3:17 onwards
Amazing advice everything makes sense. Everyone has their own way of trading the markets and living their own lives
The whole Psycology value provided by this individual was unexpected. Im glad to have clicked on it. Definitely change title and more views will follow. Thank you! saving this one.
Do another interview asking technical analysis what it thinks of hedge funds
Confidence, Accountability and Flexibility = success
I think he's describing paralysis by analysis. Smart people want to be right while not so smart people just want to get rich.
So damn true, stupids have such a huge confidence.
Great tips! I'm watching all of Corvin Codirla videos in this channel and they're really good!
What started out as a discussion about Technical Analysis, progressed onto more philosophical talk, which I think everyone should see.
Damn, the knowledge this 6 minute video imparts is incredible
It sounds like he's describing something known as the Dunning-Kruger effect.
Supply, Demand, Momentum.
Wow. I really didn't expect to hear the most motivational words I've ever heard in by life from a video titled "What Do Hedge Funds Think of Technical Analysis?".
My god I love this interview. Beautiful people physically and intellectually.
This is definitely an excellent analysis of not changing one's mind. But if you take it to the next meta level, what if you change your mind but then things go against you and you feel like you were right in the first place? If this happens repeatedly, it's practically the definitely of being whipsawed!
this is not about technical analysis this is about life
One of the realest talk I've heard
This man is gold 🏆
This hit me hard , great interview 🙏🏽
This unexpectedly turned into a great motivational speech. More so than actual "motivational speakers" have been able to stimulate me thus far.
Very good things he mentioned about human behaviour n expectations n very good questions asked .👍👌
this man is having really gud knowledge nd grrrtttt real life experience.
5:05 The greatest motivation ...
The main question I would ask him is "why do hedge funds, as a group, fail so badly to perform as well as buy-and-hold the S&P500 index?" Despite his confidence, he would simply have no good answer to that question.
Gem of a answer shoot,aim and correct on the course....Today understood where I had a challenge in triggering ,to much info ... sinking in fear of taking the right shoot...boom boom cheers man
This video is so underrated but I'm kinda glad it is.
this guy is smart af. he should write a book.
Who is this guy, he is amazing
I don't know why this guy just described me from the beginning to end
Why should I care what hedge funds think when they're returns less fees don't beat the SP500?
brilliant... this is way more philosophical than about trading
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).
I'm an Oxford graduate who work as a scientist/mathematician at a research institute. I work with a lot of very intelligent people. Judging from my friends and colleagues, I have a very different answer to why I think 'intelligent' people often aren't rich. Intelligent people realise there is more to existence than making more money than they'll need in their life. Once they reach a level of income they are happy with that suits their standard of living they don't sacrifice other parts of their life like family, free time, hobbies, sleep and happiness to pursue more money. They don't see much point in having an expensive car or drinking expensive wine or buying an expensive house. They just want to work with what keeps them interested and happy, work that feels like something worth doing on a deeper level.
Not everyone *wants* to be rich.
Really Great knowledge, Only Thing is + Sign in Portfolio at last.
Why does this video have even 1 thumbs down? It's all positive information. 🤷♂️ it's annoying that someone saw any negative within this video!! Unless people just feel like being A holes just because, I don't get it.
This guy knows what he talks about. This was a kind of wisdom that you rarely see in general.
everyone knows hedgefunds run on inseder information
I think trading is glorified gambling.. the likes of poker or BJ.
1. You need a good combination of intelect, emotion stability, and luck.
2.You feel smart when you win, but when you lose its because you are not lucky.
3. Extremely small portion gets rich by developing a working system. (Jst like counting cards)
4. Most people can profit, but cannot get rich from it.
5. Some people go broke from it.
6. its fun and addictive game with money on the line.
Except if u figure out a working "counting cards" system, nobodys gonna beat u up like in the movie "21".
Thank you for this video. Really great content!
Yes, you can write it down as a set of rules as exemplified by Murphy's Technical Analysis stored at the Library of Congress.
wow great video, great questions, loved the interviewer and interviewee
Absolute gold, this video is
This is why i love TH-cam
Wow! That was a great interview. Excellent life lesson info.
I love this guy. SELF REFLECTION FTW!!! So many people trying to do trading are complete narcissists who are incapable of that very process.
In engineering school it was reinforced that our mistakes could cost lives or ignorance of errors could lead to tragedies.
it's a shitty world that rewards a person's failure and encourages them to do it again.
Really resonated with this interview
Great. Absolutely great interview.
Technical analysis works well with LTF but HTF it fails since HTF behavior depends on geopolitical issues, manipulation by market makers etc. Also technical analysis goes well with forex and gold due to large liquidity associated with it (it's harder for market makers to move it since larger amount of money is needed for manipulation).
Indices, energies, stocks and other metals technical analysis has higher probability of failure, since they have a lower liquidity, more affected by underlying company performance (in case of stocks and indices) of major government decisions (in case of oil). Also in this this case a single market maker needs lesser funds to move the market. For these ones you need deeper knowledge of the economy you are dealing with.
This bloke just spit some truth
Brutally honest.
Very good video, I did not expect to learn a valuable life lesson but I did.
Excellent interview!
Can someone please help me , i got a set of indicators which at some specific level give me true buy/sell signal , but most of the time I can see them when it's too late or too early , so I just wanna ask that can I use A.I to keep watch on the shares nd give the shares which are in buy/sell position as per the indicators
It is better to make a bad decision quick than a good decision late. You can always course correct.
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.
I'm the guy from Mongolia, and now I'm trying to replicate your ML strategy, sorry.
Classic lower highs and higher lows are 1 of the best for technical trading
Surprisingly inspirational
This is actually a really good video
I love the way he smile at 4.34
This man is brilliant! Very philosophical! Amazing
The font on the thumbnail is terrifying
Wisdom in action..
Great Advice !!!
This guy has facts!
The answer can be found at 4:38
Nobody can predict the future which renders TA useless.
Awesome advice. Thanks dude