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What you are talking about (looking for pretty patterns in lines and ascribing meaning to them) isn’t day trading, it is called technical analysis. I mostly agr
by filoleg 2y ago
What you are talking about (looking for pretty patterns in lines and ascribing meaning to them) isn’t day trading, it is called technical analysis. I mostly agree with your take on its usefulness though, there is a reason it is getting memed as astrology for finance bros.
- petesergeant 2y agoI understand they're different topics, but my understanding is also that amateur day traders go wild for technical analysis over most other signals, so in practice much day trading consists of it...