I don’t need to prove to you.
Yes but then don’t make unsubstantiated claims like 400% returns from trading.
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Take this example because every person was born as a child and if they claim they are adult now you will bully them because you are right? Lol That’s not going to help.
Obviously they will fail because they use Technical Analysis which of course doesn’t works.
sorry to crash the party - but I dont agree to this statement. TA works.
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Seconded.
It works until it doesn’t:p
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To expand on this -
Some things work. A lot of it is probably superstition.
Different markets/timeframes can behave differently, so what works in one place may not work in another place.
Broadly there is momentum and there is mean reversion among other things.
And its all probabilistic and uncertain. Markets can change behavior.
TA doesn’t works, it can’t because price is random like coin flip . This a provable FACT.
Of course it ‘feels’ that TA works when you look at charts. We all have seen clear breakouts from resistance , perfect Bollinger Bands retest , wonderful MACD crossovers and Price action.
But when you backtest using a computer program you realize the TA does not works. 99999/100000 people who claim that TA works have not even back-tested using a computer program. They just use “visual feel” and declare that this TA strategy works. The eyes simply miss most of the instances when TA failed to perform and only pick-up those instances where it worked.
Even those strategies that work , do so not for all assets, not all time periods. All TA strategies ultimately lose their temporary edge. They will lose more than what they made earlier.
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Tell me, what works for you then.
There Must be something, to back your confidence. Please enlighten us.
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TA is not for edge. Its to build a best and worst case and fit your trades into that probability.
Strategies can be backtested. You can still make money with a strategy that works 4/10 if you program your risk:reward accordingly.
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Oh that’s why.
You can still make money with a strategy that works 4/10 if you program your risk:reward accordingly.
The fact that 9/10 traders lose money suggests otherwise. They all use TA and they all repeat what you just said. Yet they lose.
When was the last time you were with actual losers? No they don’t. They simply just gamble like they’re in casino, they never manage risk and they don’t play the psychological loose-and-strict in the game (strategy) they play.
If 9 out of 10 people who die after taking a drug, we blame drug not patient. If 9 out of 10 products made by a company are faulty we blame manufacturer not consumer. But only in world of TA where 9 out of 10 people lose money using TA , there are people who will defend TA and blame poor trader.
OK good. So you are talking about investing.
So, Does it work for you?
You are investing Na?
If 1 out 100 students fail JEE you blame the students, not IIT or whoever conducts that exam. But I don’t understand who told you that all of the losers had actually learned TA? Many of them never did, in fact most but I’m not updated. And there’s RM and PLAS in addition to that as I mentioned earlier.
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What is your source of information for all 9 (out of 10) being learned in it?
Yes and that is precisely wrong. The results in competitive exam are decided by chance (randomness). If you take most hard working and smart person make 1 million clones of him and make all of them sit in a competitive exam with 100 seats then still there will be ‘losers’ and ‘winners’ .
That’s not wrong but I don’t have free time to waste in this debate. Yes the person who scored 594 out of 600 was randomly selected and the other one with -94 was also randomly losing. You’re totally correct.