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/biz/ - Business & Finance

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12511840 No.12511840 [Reply] [Original]

TAfags BTFO

>> No.12511866

>>12511840
>price is a random walk
105ers love to explain away their lack of insight into how things work with 'randomness.'

>> No.12512115

>>12511866
So you know exactly what Bitcoin's price will be at any given time? Great why aren't you a billionaire then? It can't be because you're full of shit right.

>> No.12512294

>>12512115
you're a fool.

>> No.12512315

Bravo OP
TA is nothing more then a meme that was created by bankers to make trading seem easier then it is and then pass it off to retail traders so the bankers can then dump on you, you as in retail.

>> No.12512323

XKCD is pretentiousness incarnate. Author thinks he's way smarter than everyone else

>> No.12512688
File: 665 KB, 540x960, skull5.png [View same] [iqdb] [saucenao] [google]
12512688

>>12512323
if you think he isn't you're dumb shit

>> No.12512697

>>12511840
Was waiting for someone to post this here.
>>12512323
Basically.

>> No.12512735

>>12512323
he is though the problem is mostly that his drawings have dropped in quality for a while now

>> No.12512747

>>12512688

He worked at NASA doing some data entry shit and now he thinks he's a genius

>> No.12512773

>>12511840
I like that he knows enough of the lingo that it's clear he tried to study it. I wonder how much he lost.

>> No.12512991

>>12512735
He very well could be, but that cartoon makes him look like a complete inflammatory fedora tipping retard. I've met quite a few people like him. They're somewhere between mediocre to successful at something that tends to be highly rules based rather than probabilistic. When they bump into something probabilistic their brain goes into a total meltdown because their rules based approach doesn't return results that are consistent enough with what they've experienced in other parts of their lives. "It all must be luck, it's all random!" they exclaim to preserve their egos. Markets are a game of staring into the void of uncertainty and no matter what you choose as your safety blanket at the end of the day, you don't know what's actually going to happen with certainty. There is uncertainty in fundamental analysis and technical analysis. Neither is inherently superior to the other in all situations for all people and luck, whatever that actually may be, is always a factor. Taken individually a lot of approaches to the market can be ridiculed, but it's the combination of various factors with risk management bundling it all up that actually gets results. The sum is greater than the parts. This asshole is taking a spark plug out of an engine and saying "pfffft this can't make a 4000 lbs vehicle move!"

>> No.12513011

>>12512773
There's comics about that, too.
Short answer: a lot.

>> No.12513016

>>12512991
Well put.

>> No.12513031

>>12512115
Based and redpilled
>>12512294
Cringe and bluepilled

>> No.12513097

I know this type of person. Promoting something on a surface level, but squishing it in essence. Using the subject to gain prominence with little regard to what it really does.
This type of person would diss something so well established and proven to be correct as TA. The fact that no studies say so speaks more about the study crafter than effectiveness of TA.

>> No.12513233
File: 11 KB, 327x154, BEER#.png [View same] [iqdb] [saucenao] [google]
12513233

>>12511840

>> No.12513265

>>12513011
Haha what? Quick saucedown?

>> No.12513405

>>12511840
Market conditions are extremely dynamic and are never the same at any two points in time. The purpose of TA is to analyze price with respect to current market conditions and make educated decisions on profiting from differences between the two.

For example when btc dumps everything else usually does too; but not always. In these times there is usually money to be made when emotions rule most people's trading decisions.

>> No.12513412

>>12511866
This. Just because some fag can't isolate signal from noise doesn't mean the signal isn't there

>> No.12513529

>>12512115
>not understanding how statistics and probabilities work

I have never seen a TA fag that assumes he knows where the prices will be at any given time... It's just a numbers game, if you wage equal amounts in every trade and get 51% of them right, then you're making money.

I don't even know why I'm explaining this to some ignorant pleb on the internet....