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19/08/16
15:43
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Originally posted by Orwell
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Shire. No and just no. Forget this "They" concept. Its all over hotcopper and its mostly ridiculous and used when someone cant explain whats going on. I dont think its helpful as a way to understand stock movement and consider it a mental block to gaining any meaningful insight to possible motivations behind any buying and selling.
Understand that every retail punter, to Hotcopper heart, to australian fund manager to the US fed talks their own book and tries to manipulate stock and market outcomes through various means such as media influence, social media (hot copper), or best of all activity on a stock chart. Your job is to form independent views whilst looking through all the noise and influences to identify opportunities.
The "they" concept actually comes from the VSA technical analysis technique which has been popularised on Hotcopper, as a way of thinking about all the participants in the market as a whole as i best understand it. There are some really great contributors on HC using this terminology within a vsa context so i dont like to critique it, maybe its helpful within the vsa world, but for a developing trader investor, if its confusing you just forget about the "they" concept and just think from first principles about the other participants you're trading against, or dont worry about them at all.
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Hi @Orwell
Thanks for the reply - very much appreciated.
Totally agree with you re the "they" concept. The constant references to "the shorter" spread across all company threads are just as frustrating.
The question I was trying to phrase (badly) was more along the lines of; are short positions accumulated across companies by a broker when a long position is taken on an indices?
I thought this may answer a lot arguments which revolve around the "they" comments.
Last edited by
Shire :
19/08/16