/biz/ - Business & Finance

[Anonymous No.17698243]

is technical analysis horseshit, or is it legit because enough people believe it's legit, and therefore you can rely on it since humans are not perfectly rational?

[Anonymous No.17698261]

>>17698243
Why else is anything legit brainlet

Thats how the world works

[Anonymous No.17698265]

take my training course and u will find out

[Anonymous No.17698676]

>>17698265
Kek

>>17698243
You have to watch markets for thousands of hours and lose a lot of money before you build up an intuition. And honestly it depends on the particular market you are trading.

[Anonymous No.17698700]

>>17698243
TA is all bullshit. Prices tend towards their "intrinsic" value (discounted future cashflows) with a random signal (stochastic process) added on top. The only way to make money is by identifying a disconnected between present price and intrinsic value.

[Anonymous No.17698753]

if big money and funds use precise TA to get in and out following the order of a dying old boomer ceo, why wouldn't that work as retarded as it is?

[Anonymous No.17698797]

It’s not only legit, it’s easy—but not if you’re an ape

[Anonymous No.17698926]

>>17698753
They don't

[Anonymous No.17698946]

>>17698926
prove it, what are the "quants" and traders employees do according to you?

[Anonymous No.17698952]

>>17698261
modeling fluid moving through a pipe is legit because you can perfectly predict it, and it's based on testable facts.
technical analysis is not the same because it's effectively sociology.

[Anonymous No.17699037]

>>17698243
Once you've been in the market long enough, you would start to see patterns (unless you're too dense to notice them). TA is a way of interpreting these patterns. It is a heuristic, which means there are no guarantees. Otherwise, every investor would be rich. Those people who invest based exclusively on fundamentals are merely using a different heuristic.

[Anonymous No.17699154]

>>17698952
Maybe you just dont have all the facts