/biz/ - Business & Finance

>>10737365
With respect, it's a bit that everything you think you're able to understand about why it's useful is not actually why. Price is basically random all the time and you're hoping you've found an edge in the market that allows you to identify moments slightly less random than usual. I'm not talking about OP's pic, just TA in general. There are black swans but they'll fuck you if you allow it, a trader will suffer drawdowns, if things change, he can say OK I'm going to adapt after my account has lost this much because what I thought I knew is not true. It's guessing and you have people who are paid to give opinions about price and people who trade. You're opiniongivers right now and for TA you have to choose what is what and have it clear. The Turtles were a famopus group, and they tried to give a strategy to 10 people and maybe 2 got it.

Arthur:.
> My first boss taught me that everything was my fault as the trader. Obviously there are many things outside of your control, but if you approach your profession with that mentality you attempt to quantify and mitigate all of the risks within your control.

https://www.youtube.com/watch?v=wHCUOHwixmU
> Negative correlation between intellect and money

Try to watch 3 minutes of this, maybe 15, maybe the whole thing
https://www.youtube.com/watch?v=NDkE6RHke9U

Basically, stop asking if things work just do serious research on your own because there are no breadcrumbs towards the right path. Be responsible and don't make excuses, it's not something you need to do, but it's as mysterious as saying boats don't work because tsunamis happen. And I don't care about making the metaphor better, just pick a boat. Asking, watching, theorizing is easy, doing is hard.