/biz/ - Business & Finance

>>25345114
Male

>>25345114
no it's a scam propagated by investment banks and quant funds to get more market liquidity from retail brainlets

>>25345114
That works until it doesnt

if it did every investment firm would be up 1000% every day. do you think TA is hard for an AI to do?

>>25345114
TA is a meme.

>>25345166
isnt that how most bots trade? I would think they are net profitable

so everyone talking about muh elliot waves muh fibonnaci retracement etc are retards?

>>25345166
Youre not gonna get any other answer but hodl from 4chinz. Swing trading is great, but you will miss moonshots. A lot of the exchange platforms dont have things like trailing stop losses or anything good like that.

Check out the massive cup and handle on LTO network token.

>>25345114
> https://www.researchgate.net/publication/235937406_Are_Random_Trading_Strategies_More_Successful_than_Technical_Ones

>>25345114
>Does TA actually work?
No.
Plenty of academic studies have shown that it's indistinguishable from luck.
>Ib4 "I made money with TA"
Everyone is a genius in a bull market.
>ib4 "But I've beaten the market"
You need many years of data to be able to claim that. And to be able to beat the market in excess of fees.
>ib4 "I have done that"
Congrats on being a lottery ticket winner. For every lucky retard using TA, there are 100000 unlucky retards using TA.

>>25345148
BASED AND REDPILLED
>"Muh [insert trend change pattern/indicator here]! time to buy or sell"
>Bank does opposite of the meme they spread
>Bank profits again and again consistently and reliably

>>25345114
Price movements are based on thousands of people making decisions, there is a level of predictability in this.

It's not a hard science, because you will almost never encounter pure sell signals or pure buy signals.
It will always be a mix, and you have to subjectively make a decision about what signals you trust the most at this moment.

>>25346137
this anon explained it best

>>25345114
It can give you an idea of how people feel about the market, that’s about it.

>>25345609
yes.
randomly buying equities when interest rates fall and randomly buying bonds when interest rates rise has been shown to btfo of all any ta strategies.

>>25346137
>It's not a hard science, because you will almost never encounter pure sell signals or pure buy signals.
how true is saying that when your shoes cleaning boy give you financial advice it's a sell signal?

In the end of 2017 bull run niggers was talking on twitter about getting some ripple at 3$ dollars.

My rule is buy at 30 sell at 80-85. All my shitcoins peaked at 70-75 RSI

>>25345114
no

>>25345114
Wowowiva!

>>25347275
>randomly buying bonds when interest rates rise
You know interest rates are inversely correlated with bond prices, right?

>>25345927

>Plenty of academic studies have shown that it's indistinguishable from luck.
and plenty of academic studies have shown otherwise. you're either lazy or dishonest

>Congrats on being a lottery ticket winner. For every lucky retard using TA, there are 100000 unlucky retards using TA.

one study shows that professional investors using TA outperform professional investors who dont use TA. Does that confirm TA? no, but it certainly shows that you're pretty ignorant. cunt

The Problem ist most people don't understand TA. They think TA provides 100% sure opportunities but that's not how it works. You can spot trades with higher possibility of success. That doesn't mean the trade can't go the other way.

>>25345114
doesn't work on shitcoins, m8