/biz/ - Business & Finance

>>9435893
>TA doesn't work
It's true that they doesnt work

>my boomer dad believes in meme lines; he makes 10k a month off meme line bets on the stock market

>>9435902
And it's impossible to beat the market

>>9435893
Let me guess OP, you correctly predicted a few tops and bottoms and believe you are the one trader to have figured it out.

It's like clockwork, you constantly see fucking newfags come in here asking about "Is is feasible to day trade 1k up to 10k??" because you and them have all gone through the same phase that every single person goes through after researching the stock market.

"Wow if I can just learn to do this, I'll be rich!"

People do. It takes years and years of experience and strict learning to actually behave and act in a way that will mitigate your risk and bring the highest returns. But it's not a meme when people say that nearly all traders will lose money in the long run.

>>9435953
massive boomer cope

>>9435964
You're still wrong and an idiot. Do you have an actual argument to counter me?

>>9435981
>Do you have an actual argument to counter me?
Stop coping you fucking boomer. Literally everything you posted is someone coping with the fact that they can't trade.

>>9435994
Except it's not. Why do you think otherwise?

Let me guess, it's because you have no argument since I read you like a book in that you predicted a few tops and bottoms and believe you are the one trader to have figured it out.

You're a massive newfag. You're not special, you're not a trader, you're a gambler high on a streak of wins in a massively manipulated market.

You are literally dumber than a boomer.

>>9436029
>reddit spacing
>coping that TA doesn't work because you're incapable of using it
>being a boomer
>"b-but t-the market is manipulated" as if that means it's impossible to make money
you have to go back

>>9435994
>>9436029
>>9436148

Honestly it just sounds like you're mad because you didn't actually think someone would call you out on your bullshit.

You, and many other 2017 fuckers on /biz/ are retards that do nothing but post pink wojacks, buy high, sell low, and think they're hot shit when they draw a few lines and it follows them one time out of 4.

You're not funny posting a meme to proudly display your ignorance, you bring down the overall discussion quality of this board with every reply. Learn the reason people say you can't beat the market instead of using anecdotal evidence to make you feel justified in saying that it's a lie and that you CAN make it by gambling on shitcoins.

Historically the people that made the most money and "made it" in crypto, weren't degenerate fucking day traders. They saw projects they felt had huge potential, and held. It's fine if you have fun trading, but you are literally deluding yourself thinking you're gaining any more in the long run than someone that picks solid projects and sits back to relax, checking on news to just make sure things are still going the way they should.

Fuck off, and go back to wherever you came from before shitting up this board, because you're incapable of communicating in ways other than memes.

I pity you.

>>9436148
and yet you'd made no money

>>9435893
TA might work on the stock market, but not in crypto (yet) because it's a fucking shitfest all the time, too much is happening, low liquidity and market manipulation

>>9436193
>still reddit spacing after being called out on it.
>believing in fundamental analysis and le HODL meme in crypto
kek/ i bet you've been getting btfo the last 5 months because you can't trade. classic boomer coping

>>9436193

wew lad

Some serious cope right here

>>9436193
Thanks for the boomer pasta

>>9436216
>He cares about how someone spaces their sentences
Are you 12?

>>9436193
>j-just hold guys.
classic boomer strategy

>>9436233
It shows that you're from reddit. It's obvious from how angry you get at people "lowering the discussion quality of the board". perhaps you should go to /r/bitcoin if you care about that sort of thing and want to be jerked off for being part of le ebin HODL gang xD

>>9436252
Reddit is literally better than this board, but you're too deluded to see that because you can't bear to leave this circlejerk. How does it feel knowing that most people on reddit are better than you are?

>>9436216

>he fell for the TA meme
>he draws meme lines on shitcoins with low market caps
>he thinks he can predict a market thats 100% manipulated by whales
>mfw

Only boomers believe in TA.

>>9436274
>Reddit is literally better than this board
glad you admitted to being a redditor, go back.

I believe TA doesn't work

I believe it is possible to beat the market (which I have consistently done the past 5 years)

What am I then?

>>9436287
boomer cope. notice how all the people who hate on TA use reddit spacing? Really tells you something huh.

>>9436293
So just reminding you that you haven't actually responded to me in any meaningful way. Again, why do you think that you can use TA on crypto and day trade your way to riches?

You just got lucky a few times and think you're better than everyone else, am I right?

>>9436312
Stop reddit spacing you fuck, I won't read your shitty reddit posts until you stop or go back.

>>9436252
you must be from 9gag, i can tell by how hard you're trying to identify with the "/biz"-gang

>>9436293
>iq sub 80
>falling for bait after bait
clearly a nigger

>>9436310

have fun getting rekt, newfag. lel

>>9436322
>Won't read posts because the spacing triggers them

I can feel your anger through the screen. It's called being an adult, you back up your arguments instead of deflecting and throwing a tantrum.

Are you going to fuck off like an idiot or are you going to at least pretend you're over 15 and have a discussion? You say stupid shit you get shit, wow what a surprise.

>>9436331
>tripfag
this isn't reddit, now go back. 90% of you belong on reddit and have no place to criticize anyone

>>9435953
HARD boomer cope

>>9436351
Didn't read because you keep reddit spacing, go back to r*ddit. Keep boomer coping.

>>9436305

Just because ta doesn't work for you doesn't mean it doesn't work. You might just suck at ta and therefore preform much better picking off fundies and holding.

>>9436356
>>9436375

OP is getting fucked in his own thread. Cry more about how anyone that can actually speak in more than memes.

OP is this you? That's the only way I can actually explain how you're unable to read text that
is
spaced
like
this
I
Mean
even
a
fucking
10
year
old
can
do
this

>>9436378
if TA worked it would codified into a system with objective calculations and would thus work for everybody.

>>9436393
boomer cope

>>9436305
A guy who got lucky by investing in the greatest bull market in the history of the world

>>9436394
It is, but only for a select few who have found the right patterns and programmed bots for them. They're not going to waste a shred of volume however because no pattern is perfect, if it was we'd already be rich from a never ending TA creation of wealth system.

>>9436398
So reminding you again you're continually looking like the idiot in this thread because you are 100% unable to actually respond to me, and it's because I called you out with my first post.

You got lucky, you're a newfag, and you think you can beat the market based on anecdotal evidence which is a clear indicator of a dumb normie's first foray into trading.

How does it feel knowing you got beat by someone that goes to reddit?

>>9436394

You can code it into a system but you cannot give it to everyone because you run out of liquidity

Too many cars on the highway means traffic jams

>>9436439
classic reddit spacing boomer cope

I'm up 10000x since last year. Stay mad boomer cucks

ta IS a boomer meme
What are the niggers in this thread even talking about?

>>9436459
>10000x since last year

post pics

>>9436394
It doesn’t work like that it, only a certain number of people can take a trade at a certain price. This is why when market inefficiencies are discovered they eventually disappear because other people catch on and the profit margins disappear.

Hft hedge funds have unironically blamed retail traders for copying their statistical arbitrage techniques as a reason why they’re been making progressively less profit for the past ten years.

>>9436448
>>9436421
> the formulas are secret
they don't exist.

>>9436439
le oldfag is mad xD

>>9436454
This is exactly the reason I pity people like you. You have to cope with your losses by pretending that you CAN beat the market, you just need to fix one thing, you were so close that one time it must be possible. You sit in your dark room glued to the monitor, and make yourself feel better about your losses by crystallizing your pain into a meme to forget it. You're literally coping that you'll never make it. Sad.

op is a troll

>>9435893
In any market that is not 100% efficient trading can be profitable. Now tell me that crypto is a 100% efficient market you fucking mongoloid TA works better in crypto than any other market in the world so if you can't make money off it here then you are actually just hopeless and should give up.

>>9436492
>trying to psychoanalyze people on 4chan because you're bad at trading
>projecting this hard
typical boomer cope

>>9436494
I thought OP was a flamboyant faggot at first, but he BTFO the reddit guy pretty hard, that must count for something

>>9436494
filtered

>>9436496
OP is just a dumbass that's going to post a pink wojack in a week because he learned how to draw meme lines yesterday, and maybe how to use a few indicators and suddenly thinks he learned the secret to infinite easy money.

>>9436509
Bruh saying "boomer cope" isn't an argument.

>>9436525
You are literally a fucking sensitive fairy that can't take anyone saying anything bad about you. You're like a walking embodiment of 4chan. Do you watch PewDiePie on the weekends?

>>9436543
imagine being a coping boomer like this

>>9436555
Imagine being so mad that someone blew up your thread that you're reduced to being the kid on the schoolyard that runs out of things to say so they keep saying "I know you are but what am I?" Be honest with me, are you actually still a teenager?

>>9435953
>you are the one trader to have figured it out
since Jan 2016 predicting tops and bottoms, four digit % anually returns in BTC terms
perhaps I'm the chosen one?
nah, just TA

>>9436579
>typing mini essays and trying to psychoanalyze people on an anonymous Kazakhistani Skydiving BBS
>calling other people mad
lol boomer cope

FUCK YOU OP, YOUR RIPPING MY PATIENCE THIN, YOU BETTER FUCKING STOP GUY

>>9436583
No, you didn't.

>>9436604
>>9436612
cope

>>9436620
only boomers believe in TA.

>>9436591
But you are. You can't let go because you know that I was right and that you're going to end up losing all your money trading. You made this thread to cope with the fact that maybe it's true that you can't beat the market. From the very beginning you've been masking this by playing it off with "lol" and cope in response. Your lack of being able to respond in any other way means I'm getting under your skin. Why are you so upset at the idea that you can't beat the market?

>>9436629
keep coping boomer

>>9436518
Yeah, I thought so too at first. This guy is good.

>>9436635
t. boomer

>>9436612
cope, kek

>TA doesn't wor-

http://etfhq.com/blog/2013/03/02/top-technical-analysts/

>>9436633
lol, boomer cope

>>9435950
Yes, everyone got 25x since December just like me


Duuuh

>>9436646
t. broke boomer

you only need to know outcome of one event, be it a ball game score, the way a market will move the winner of an election, and you can be set up for life.

thnk about that. let it sink in. this is the game youre playing....

just one event.....

>>9436629
and brainfags, kek

>>9436612
Cooooope

>>9436648
>OP right now

>>9436664
How's that HODL gang thing working out for you since january? cope

>>9435950
just because you haven't figured something out, doesn't mean no one has, kek

>>9436633
lol boomer cope

>>9436193
You can beat the market. In fact you can get 5-10% returns per day day trading in crypto.
Use your whole stack to trade, no leverage.
5% is conservative, and this is implying you don’t get caught in any big pumps.

I mean TA is a meme, day trading is a meme, sage!! Hodl hodl hodl compound isn’t a thing guys

>>9436669
>Implying market movement on a month to month basis means anything
I'm sitting comfy, because the entire crypto space is trending upwards in the long term. I'm not a retard moving my positions around to chase pumps. Let me know when something you traded out of moons because you were impatient and money burns a hole in your pocket.

>>9436393
top kek, this guy is legitimately triggered, fucking hell. time to go outside or play your nintendo switch til you calm down

>>9436312
A few times you mean hundreds of trades? Do you know what averages are faggot? They would’ve caught up by now.

>>9436485
Oh you’d be surprised. I’ve created an almost perfect day trading system

>>9436633
>Why are you so upset at the idea that you can't beat the market?
let me answer this question, please
your puny anecdotal experience is not proof that a concept is flawed
there are many many many many many flaws with TA, but proving something takes a lot more than one person's casual attempts
I have a profitable strategy, I won't sell it, I won't explain it to anyone, and I probably shouldn't even tell anyone I had it
so no, very unsurprisingly, profitable insights about beating the market are not for sale

>>9436703
t. all in on funfair

>>9436496
It's entirely overrated by retards who believe this is how goys actually make it in these markets. The reality TA is not something successful traders rely on, the meme is literal cope with the fact that a NEET will never have a hope of access or even an awareness to how the money is really made. If you can't even come to terms with the fact that it happens through the phone, and not 4chan machines, you are merely the microscopic plankton. The 30yo boomers get this, and you are not in their contacts.

The part about TA working better in crypto is true, for now, whilst the flow establishes itself. But for a long time already now the goys making making the real plays are the ones invited to be on the receiving end of ICO contributions, or the heads up on the future. By the time you guessed what will happen their money is already made.

>>9436702
per day, as in day trading? It's probably possible but if you do, you get to be a millionaire pretty quickly. I doubt such a strategy ever gets revealed in public, maybe between friends or inside a company.

That will never be what the average pro trader does

>>9435893
>30 yr old
>boomer
?

>>9436748
I'm actually all in on DGB

>>9436703
This post just proved everything about you. You unironically, seriously prefer paper profit over realized profit. Thanks for telling us you’re emotional. I have some words for you, fuckwit. There are 1500+ coins and more are coming every day. Stop getting attached to one coin because you will literally have your portfolio go to 0 one day

>but but my coin is different

>>9436748
>t. all in on funfair
not him but going all in on funfair is a genius move right now

>>9436702
this, or try swingtrading, don't use leverage, and still 50-100% monthly returns in BTC terms during a cute lil bear market
b-but how? hey, that's your homework

>>9435893
The Gen Z on these boards just don't trade what TA helps on. Most of the time the stupid crypto coins charts break and its all about news anyway and sucks to try to TA. Bitcoin is actually somewhat TA worthy.

Options are impossible to play without impeccable TA. How do you know what time to sell if you don't see when a stock is turning back? How do you know how to gain maximum dollars?

Long term stocks is the same.

Day trading is meh, trade what goes up, use Bollinger Bands, RSI, you're good.

>>9436782
Shh

>>9436765
Yes 5-10% a day compounded

Gets kind of hard once you have more than 50 btc trading stack because there isn’t that much liquidity but we’re still perfecting it. And yes like you said it’s just between a few of us math nerds

>>9436730
that those formulas indeed exist and are well-kepy secrets should be enough motivation for you, kek

>>9436810
>Shh
the fomo is gonna be epic

>>9436799
You use TA to find targets. You shouldn’t be trying to buy breakouts anyway unless you use tight stop losses, you should be trying to buy local bottoms

Ps: RSI is a meme

>>9436810
this is true
Maths

>>9436810
> TA
> math nerds
heh

>>9436799
personally, TA indicates if I should support BTC or fiat, just that
but it's far more than enough for an unbelievable performance

>that 21 year old boomer that thinks he can just buy any coin and hold onto it for a year and get rich just like in early 2017

That’s not any of you, is it?

>>9436753
I don't think it's overrated at all. You aren't going to get be at the top by trading but you will still make money if you get good at it. I made 3x my portfolio this past month purely following my TA strategy so for now I'm convinced that TA works until the market becomes more competitive.

posting in epic thread that has generated literally a buffet of pasta that should last us for the month

>>9435953

>>9436934
It isn't trading that's the problem, it is trading based on nothing. There are meme money making systems and strategies everywhere that appear to work, until they don't. If you are serious about making money as a trader you need to recognize the true reality to be able to forge a path to success, and you will end up a businessman, not a trader. Being convinced TA works is literally as retarded as being convinced some bullshit dog race system works. All you are doing is larping to yourself.

>>9436986
Same, put me in the screencap

>>9437026
It’s not going below 6500, stop posting this bullshit

This kind of stuff isn’t even TA, it’s meme lines

>>9437034
This isn’t based on nothing you stupid mong. You can literally see fucking everything on the charts. Insiders accumulating, upcoming exchange listings, EVERYTHING

Just because you’re too stupid to do it doesn’t mean everyone is

>>9437034
Not really sure how you can be so confident that TA is nothing when the whole basis of determining whether it works or not makes it equally as difficult to prove that it doesn't work as proving that it does work. Unless you want to elaborate on a proof or a logical reasoning for why it doesn't work.

It also seems like you are saying that the way to trade crypto isn't to actually trade but just get in the scene and network and meet important people who will give you valuable knowledge and get you on the inside. If this is the case this strategy seems even more delusional than crystal ball dog racing strategies. This idea is like trying to become a famous actor or celebrity and thinking it is a viable strategy for making it in life.

>>9435893
>>9437034
>>9437035
>>9437047
>>9437060
>>9437144
>MFW MFW MFW
>shAMBlet meme-lines
Versetti throw fire extingusher in the ground don't buy ambrosus

>>9435953
Hey fag
Pro trader here
Bought the actual top of alt coins in December
Half my funds went into two coins that went down 70 percent

I day traded my other coins and am now up 2x on my initial investment

Took me one month, get on my fucking level
No one bought the top of the market and invested in canya and is still floating

>>9435953
>>9435981
>>9436029
>>9436193
>>9436233
>>9436274
>>9436287
>>9436351
>>9436393
>>9436439
>>9436492
>>9436543
>>9436579
>>9436633
>>9436664
>>9436703
>>9436779

HOLY FUCK that's a salty faggot! How much money did you lose from blindly following someone's TA while still having poor understanding of it? We get it, you're a brainlet who lost money from following bad TA and therefore as a coping mechanism you lash out at TA in general and attack everyone who uses it (and you want them to lose money just like you did).

You:

>read about le crypto during your daily reddit browsing
>decides to "invest" in le crypto
>goes on tradingview
>follows shitcannons advice
>massive losses
>get angry and blame everything except yourself
>go on /biz/ to vent your anger
>because you don't wanna risk getting banned on reddit
>write "TA IS A MEME! IT'S SHIT!" etc, in every thread here that mentions TA, and throw random insults at people

Lol OP getting mad and rekt in his own thread. People still believe meme lines work reliably in current year

>>9437345
I sold the literal top of CanYa kek

$14. Got 8x in 1 day, was sweet

>>9437060
No, you can rationalize things you see on the charts, this is not difficult and is indeed becomes an easier exercise with less knowledge.
>>9437144
The way to successfully do anything is to have some advantage over your opponents, drawing lines over chart history is not an actual advantage, vs something like access to cheaper supply which is. And I agree, it is delusional for a NEET to believe he would make it in this business long term at all, but he should still be able to recognize what it takes to make it and bang his head against the right wall.

I'll admit goys did make it trading last year, the board was filled with newborn investment geniuses, but at the end of the day it was close to impossible to lose and some goys got more lucky than others. The benefit of trading now is if the golden bull run comes you will at least understand how to use the exchanges.

Assuming fundamentals aren’t going completely to hell, just start investing when rsi shit is low, And start taking $ off the table when it’s overbought
Almost impossible to fuck this up

Although in crypto it’s harder

>>9435950
it's not impossible but odds ARE heavily against traders beating an S&P 500 index over time

>>9436204
Does not. Pros use quantative analysis.

>>9436148
Reddit

Spacing

Is

Like

This

Retard

I love TA because it works, and I love these threads too