4 ms·
> I mean, can you get a small edge? why would they be at it all day if it wasn't making them money? It's gambling, they win randomly and falsely attribute the
by gnaritas 9y ago
> I mean, can you get a small edge? why would they be at it all day if it wasn't making them money?
It's gambling, they win randomly and falsely attribute the wins to tech analysis and dismiss all the losses as them "reading" it wrong. The random wins attribute to an addiction and superstition but they'd win just as much flipping a coin to decide whether to buy or sell. These people are very bad at math, if they were any good they'd be doing quantitative analysis and looking for actual patterns in the data that stand up to real scientific inquiry. Technical analysis is to quantitative analysis what alternative medicine is to actual medicine.