Unknown Market Wizards - Jack Schwager - The Worlds Greatest Unknown Traders 

Patrick, this isn't related to the video but was hoping to ask you about charts. Is there any stats regarding the validity of tech analysis and momentum? Can you trade successfully with tech analysis?

@@LiquidityThieves seems to be you can trade off a heck of a lot of "different systems" as long as they fit who you are. Read the "Unknown Market Wizards" - I'd always believed that to be the case but they entirely cement it. There's one guy who trades (traded?) off "social media trends" so to speak that uses neither TA nor fundamentals. He just believed in it, it fitted his personality.

Nasim Talab also uses the CUBA asset story.

patrick? do you reply to any of your comments? Id love to hear your input!!!!

@@LiquidityThieves They are self fulfilling prophecy. They work sometimes, because everyone is looking for the same patterns, and act the same whrn they see them. It's not long term viable, because it would require you to have an edge on when to enter and exit the position, while you are using the same instruments as other and act the same way as everyone else. A simple AI will beat 90% of you in the market on every such short term trade, and they are doing it everywhere.

There is a tonne to learn from Jack.

Ic UT at -30%

This right here 💯

I remember buying deer and co when merril edge said not too, it was this year, i was prolly extremely lucky that the stock didn't fall so far before climbing back up again

Loss strategy is thesingle most important thing an investor orgambler should umpkement and almost none do

So true

Glad you enjoyed it!

Because no lambos and piles of money in the thumbnail

Because Intelligent people only gather around other intelligent people. Goobers to Goobers. Smart to Smart!

@@jammapcb this is true

@@DanielZanSalazar need flames and this look on your face: :O

I love the second version of "The Wolf You Feed" "The Fight of Two Wolves Within You An old Cherokee is teaching his grandson about life: “A fight is going on inside me,” he said to the boy. “It is a terrible fight and it is between two wolves. One is evil-he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego.” He continued, “The other is good - he is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, and faith. The same fight is going on inside you-and inside every other person, too.” The grandson thought about it for a minute and then asked his grandfather: “Which wolf will win?” The old Cherokee simply replied, “If you feed them right, they both win.” and the story goes on: “You see, if I only choose to feed the white wolf, the black one will be hiding around every corner waiting for me to become distracted or weak and jump to get the attention he craves. He will always be angry and will always fight the white wolf.” “But if I acknowledge him, he is happy and the white wolf is happy and we all win. For the black wolf has many qualities - tenacity, courage, fearlessness, strong-willed and great strategic thinking-that I have need of at times. These are the very things the white wolf lacks. But the white wolf has compassion, caring, strength and the ability to recognize what is in the best interest of all.” “You see, son, the white wolf needs the black wolf at his side. To feed only one would starve the other and they will become uncontrollable. To feed and care for both means they will serve you well and do nothing that is not a part of something greater, something good, something of life.” “Feed them both and there will be no more internal struggle for your attention. And when there is no battle inside, you can listen to the voices of deeper knowledge that will guide you in choosing what is right in every circumstance.” “Peace, my son, is the Cherokee mission in life. A man or a woman who has peace inside has everything. A man or a woman who is pulled apart by the war inside him or her has nothing.” “How you choose to interact with the opposing forces within you will determine your life. Starve one or the other or guide them both.”"

​@@BigHenFor the optimal number of wolves inside you is zero. See a doctor immediately.

Easy peasy. I'll send out the meeting invite tonight.

Same with GME in australia, some mining company

I'm thinking exactly the same thing he never met Johnny Jammer Goldenburger nor seen how Johnny Jammer could turn your idol savings into moonjamming kickbacks in gold bar form. Be a Goldenburger deciple and you'll be eating golden burgers immediately.

There's a rather long list of anomalies to the EMH that's statistically significant. I mean, "markets are efficient except for these 25 things" doesn't exactly sound very efficient to me.

His comments on the market are absurd. A market is efficient if it brings buyers and sellers together at minimum transaction cost, it has nothing to do with a third party’s perceived asset value. The markets he mentions were all efficient at balancing sellers and buyers. The whole point of a market is that the price fluctuates according to the relative saturation or scarcity of one or the other

Nanny nanny poo poo ☹️

Glad you enjoyed it!

try watching Anton kreil

look up Benjamin