3 ms·
Mandatory reminder that TA, or technical analysis in its non-abbreviated form, has no statistical validity and is prone to pareidolia. [1] I would really cauti
by arthurcolle 6y ago
Mandatory reminder that TA, or technical analysis in its non-abbreviated form, has no statistical validity and is prone to pareidolia. [1]
I would really caution anyone who thinks that they will gain any kind of edge with "magic crayon drawings" as some of the colorful comments on some Reddit communities call them.
Nick White, a user on Quora who ran JPMorgan's 30 some billion equity trading desk, has spoken about this at length and was one of my inspirations for joining Wall Street after graduating from college. [1]
[0] https://seekingalpha.com/article/59187-why-technical-analysis-is-nonsense https://seekingalpha.com/article/59187-why-technical-analysi...
[1] https://www.quora.com/profile/Nick-White-2 https://www.quora.com/profile/Nick-White-2