[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 62 KB, 976x850, _91408619_55df76d5-2245-41c1-8031-07a4da3f313f.jpg [View same] [iqdb] [saucenao] [google]
25523679 No.25523679 [Reply] [Original]

>Line will go down tomorrow!
Meanwhile, in a boardroom
>Let's buy $1 bln of BTC tomorrow
This shit is fucking astrology

>> No.25523748

>>25523679
>something something pattern recognition bullshit

>> No.25523773

You nailed it. A trend exists until it’s broken, then it doesn’t. A wave count exists until it doesn’t. TA is for retards playing pretend. If it has any meaning at all it’s a way to make your behaviour predictable so that whales can outmanoeuvre you.

>> No.25523866

>>25523679
I've gotten correct predictions over 70% of the time, the only real failure is when a random pump starts from something not on the charts like 2017 China FUD, kek

>> No.25524216

I don’t use TA but that’s not how it works. It’s never meant to be right 100% of the time, nothing can do that. Your job as a TA trader is to use it for entry or exit signals, while your market edge comes from risk management.

>> No.25524397

>>25523773
This

>> No.25524426

>>25523679
It doesn't

>> No.25524476

>>25523679
TA is used just manage risk. But also to feel good about oneself and cope with the fact they’re not totally gambling. Because gambling is a sin anon.

>> No.25524539

Value and time are no different than velocity and time.
Draw a line to find the relationship

>> No.25524543

>>25523866
>60% of the time it works everytime

>> No.25525411

TA works, its just playing with probability

>> No.25525489
File: 432 KB, 976x850, 1609194904461.png [View same] [iqdb] [saucenao] [google]
25525489

You do realize nobody is actually serious when they say they did "TA" right? It's just some shit that a bunch of schizoids throw around to make it seem more difficult.
Literally all traders, Warren Buffet too, just think to themselves "Hey, I think this will go up! Based!" and buy.

>> No.25525525
File: 9 KB, 200x200, 6644.jpg [View same] [iqdb] [saucenao] [google]
25525525

>TA didn't work for me and everyone keeps saying is a meme, therefore I conclude that there is not a single trader out there which can make consistent profit. TA is worthless, and ALL swingers get the rope
thought process of 90% of biz.

I don't even bother sharing charts with you retards anymore.

>>25524543
that's still profitable

>> No.25525771

If you are confident in the analysis then when it fails it signals a shift in the market. It's futile to fight a trend.

>> No.25525812

Funny you mention astrology because billionaire traders use astrology lmfao

>> No.25525820

>>25523773
The point isn't to win 100% of your trades, just to give yourself an edge to get profit. There's a lot more to winning trades than just candle pattern recognition anyway. Just learn to focus on one or two stocks/cryptos, learn the average daily/weekly price and fluctuations, and just buy dips and sell high and repeat as often as possible. I've turned $2000 into $4000 in a month just from day trading bitcoin, but i unfortunately was in USDt for a lot of the moon phases so my actual BTC gains aren't very proportional. I keep 95% of my BTC in hodl accounts, and only a tiny amount for trading. BTC always goes back up, so you can literally just walk away for x amount of time until you're in profit again if you don't want to sell at a loss.