Really - it works because other traders decided there are price points of significance based on mathematical equations and act on it. Traditional technical analysis could be seen as looking for a set of technical indicators that optimally describe the amalgamation of TA and the capital it controls on the market at the moment.
But nowadays it's very hard to make it work.
Asking because I want to keep my options open for now, while I figure out if this will work for me.
I switched to stock picking based on the premise that the market at large might be momentarily irrational because it doesn't have the same insight into the tech industry as I do - e.g. I made good profits on AMD between $30 and $150, Nvidia $100 to $400, some medium term trades on Supermicro and TSMC.
As in a day job in enterprise software? How come you didn't consider joining an asset management firm as a quant dev? I heard they're very lucrative.
> I switched to stock picking based on the premise that the market at large might be momentarily irrational
I see, sounds like a momentum strat.