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It certainly works for many traders who consistently outperform the market by trading stuff like FX and Crypto. TA and trading price action can also be a tool t
by super256 4y ago
It certainly works for many traders who consistently outperform the market by trading stuff like FX and Crypto. TA and trading price action can also be a tool to limit risk.
Btw, selling plans of executives often involve very trivial algorithms, such as "sell when price above VWAP till price reaches <some lower bound> for 30 days or 20.000 shares sold". (Some brokerages will try to create additional liquidity in the meantime, depending on what you want and how much your security is traded).
- Yizahi 4y agoCorrelation doesn't mean causation. Hamsters and octopuses have outperformed hedge funds in experiments. You can outperform the market by throwing a coin to make decisions. TA has zero scientific basis and there are no proofs for any analysis TA people make.