3 ms·

I too don’t understand why technical analysis isn’t classified as a genre of fiction…

• thefounder 2y ago
  I think some make money trading just that or am I wrong? I’m not talking about youtubers
  • ceejayoz 2y ago
    Some people win the lottery. You should still be skeptical if they try and sell you on their patented lottery number picking strategy.
• stevenhuang 2y ago
  The market is a mind game. If enough market participants care about it, then it defacto becomes a signal to be aware of. In fact if you're a trader (not a long term investor) that manages to make money in the markets you will by definition use some form of technical analysis.
• gcanyon 2y ago
  Ugh. I vividly remember when my stepfather tried to get me involved. He was retired, and had a nice nest egg built up from a small business. He was a smart man. But he was paying thousands of dollars per year for a monthly newsletter that contained <some brand of analysis>. And he patiently showed me how he started with a row in the table that met <his criteria> then followed to the column that met <other criteria> and that was the choice he made in the market. And I'm thinking, whatever information he's getting in that newsletter is at least a month old by the time he gets it. And he's not doing anything a program couldn't do, with the information in digital form. And he should know that -- he was a computer programmer earlier in life. As far as I could see, there was zero chance he was beating anyone or anything with that technique, and starting in a several thousand dollar hole. Maybe I was wrong, but I don't think so.
  • exe34 2y ago
    sounds like he had a hobby.
    • n144q 2y ago
      An expensive one. I'd spend that money on piano/drawing lessons or something. Or take a few trips around the world. Better return on investment.
      • exe34 2y ago
        could have been worse - video games, prostitutes, etc.