What folks? And how much money? Someone desperate for money wouldn't have a track record, or time/resources to invest in development.
Edward O. Thorp on charting
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What folks? And how much money? Someone desperate for money wouldn't have a track record, or time/resources to invest in development.
1- could be anyone
2-- who knows, the amount is irrelevant and relative to the person
With all due respect, once again you are not accurate. One could have any number of things happen that force liquidation despite living a financially wise life up to that point---
I guess, but that's a rarity. The purpose of being financially wise/savvy is to build a bomb shelter against events like that. Otherwise it's not wise.
No man, black swans can hapoen at anytime to anyone-- but yeah, u can prepare to a degree. But even the very wealthy have major issues at times that demand liquidation
Charts have a lot of noise. Conceivably an expert could filter it out and find the signal to profit. But if charting was effective there would be no need for huge investments in quant trading. There are many experts in this area but one I greatly respect is the guy interviewed in Forbes and he makes a number of good points why charting fails most of the time. You can disagree with some points but the overall idea is correct because he offers a mathematical explanation for it.
Why Some Technical Analysis May No Longer Be Effective
Why Some Technical Analysis May No Longer Be Effective