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/biz/ - Business & Finance

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7759988 No.7759988 [Reply] [Original]

That feel when I'm restlessly looking at charts, adjusting moving averages and trying to predict the future but it doesn't bring me any closer to knowing what the price is going to be. Wasted lots of hours yesterday doing this.

Should I step back from the screen, read a book, play Torment and try to clear my mind instead? I feel like I fed it with too much confusing, useless information.

>> No.7760011

>>7759988
stochastics
you can't predict the future
TA is for entry points, not predicting what the price is going to do
instead of spending time looking at charts, look at projects, their teams, their ideas, their execution
buy into good projects that are still low in mcap and under the radar
wait a few months or a year
congrats you've made it
there are many hidden gems that are still unknown to most biztards and redditors

>> No.7760020

>>7759988
So this is the new bull tactic? Get folk to look away and hold?

>> No.7760031

>>7759988

stop paying attention to meme lines

>> No.7760043

>>7760011
But what about trading? I want to learn trading.

>> No.7760064
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7760064

>>7760043
use the meme chart
never let me down

>> No.7760076

>>7760043
you can't beat the market
dont let any retard, especially here convince you otherwise
they are gamblers, addicts, and just lucky

>> No.7760090
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7760090

>>7760020
Nah man I'm waiting to buy back in. I'm as bearish as they come.

>> No.7760146

>>7760076
Then what is the whole point of trading? Why are there so many traders in the equities, forex and crypto markets and so much analysis done? Surely not all of the people claiming to make regular profits while trading are lying.

>> No.7760188

>>7760146
most traders think they are hot shit because they turned profit in the biggest fucking bullrun in the history of everything

>> No.7760227

>>7760188
Fine, but what about those who made profits in the recent bear market?

>> No.7760274

>>7760227
luck and insider trading

>> No.7760384

>>7760274
Just can't accept some people are good traders huh?

>> No.7760403

>>7760384
implying

>> No.7760475

>>7760384
Nobody is a good trader until they can replicate positive results for years. If enough people roll a dice several times, one of them will roll 6 6s in a row. Doesn't make that guy a good "diceroller" even if he makes up fantasies of charts about previous dice rolls with indicators about the angle of the table and the pitch of his throw.

>> No.7760506

There is no such thing as real trading in a bull market. Real trading happens in a bear market.

>> No.7761095

>>7760011
>look at projects, their teams, their ideas, their execution
lol. Like this has anything to do with this crap shoot. Dream on, pal.

>> No.7761148

>>7761095
t. poorfag brainlet

>> No.7761212

>>7759988
Most TA relies on a very simple principle. If a candle closes much higher than it opens, the momentum is high and we're bullish. If it closes near to where it opens then momentum is decreasing and we're expecting a reversal. If a candle closes lower than its open we're bearish. That's basically what all indicators are based on.