Misinformation in Collaborative Investing Platforms

[Coin Flip]

Now, expect some of the poor souls that are triggered with this post to attack me in all sort of ways.

Calm down drama queen, we are not attacking you, we are attacking your ideas.

There are members that share some charts and ask questions, those are the ones that are just indoctrinated by their predecessors in technical analysis. They just use again and again a very simple concept:

https://en.wikipedia.org/wiki/Confirmation_bias

They confirm themselves with one single instance of an occurrence. They see one chart on one time frame and they run their asses off to post it here. Look! Of course it works! Here is the proof! And they point you to a chart.
They post one chart and since this is place for junkies, the pig pond gets agitated and you get a thread with dozens of posts.

Why are you setting up a strawman? Traders know not to judge based off one trade, but based off one hundred trades.

Read the paper I posted if you want to educate yourself, you'll find out that even the authors on respected platforms that are trying to show you something on technical analysis are way off from the results they are claiming to have achieved.

How does the paper even support what you are saying? The paper says there are experts who generate alpha and those can be "easily identified." Sounds good to me.

"While SeekingAlpha articles and StockTwits messages provide minimal correlation to stock performance in aggregate, a subset of experts contribute more valuable (predictive) content. We show that these authors can be easily identified by user interactions, and investments based on their analysis significantly outperform broader markets. This effectively shows that even in challenging application domains, there is a secondary or indirect wisdom of the crowds."

"We show that valuable content can be extracted using well-designed filters based on user comments and can lead to strategies that significantly outperform the broader stock market."

 

[Drawdown Addict]

Calm down drama queen, we are not attacking you, we are attacking your ideas.



Why are you setting up a strawman? Traders know not to judge based off one trade, but based off one hundred trades.



How does the paper even support what you are saying? The paper says there are experts who generate alpha and those can be "easily identified." Sounds good to me.

"While SeekingAlpha articles and StockTwits messages provide minimal correlation to stock performance in aggregate, a subset of experts contribute more valuable (predictive) content. We show that these authors can be easily identified by user interactions, and investments based on their analysis significantly outperform broader markets. This effectively shows that even in challenging application domains, there is a secondary or indirect wisdom of the crowds."

"We show that valuable content can be extracted using well-designed filters based on user comments and can lead to strategies that significantly outperform the broader stock market."

Keep reading, you are doing well so far.

 

[zdreg]

Dude, don't you ever get tired? It doesn't matter whether TA is garbage or not. It probably is. But so what? That alone won't make YOU any less a loser than you are. You'll still be poor no matter how long you try. I knew that when you were soliciting an options guru earlier only to bad-mouth everyone who tried to help. And let's face it. Everyone already knows you're a POS. So trying to "educate" others with these worthless threads won't redeem your trashy character either.

Oh BTW, did you say you want to "educate" others?

Don't personalize. Let people expose their character as they nearly always do.

 

[Sergio123]

It doesn't matter whether TA is garbage or not. It probably is. But so what?

TA is just calculation of data. How is that garbage?

The traditional trading signals, and default settings may be outdated for the current market conditions but you can modify them.

Just use the AI, Luke.

While I have no doubts that whatever information that you share with the AI is going to be used to trade against you someday it's alright because then you will just keep going back for more solutions.

I am in favor of market evolution.

 

[schizo]

TA is just calculation of data. How is that garbage?

No, bro, the OP was the one saying TA (along with day trading) is garbage. And I'm saying: even if you're correct, what the hell does that got to do with you?

Disclaimer: AI endorsed this message.

 

[Drawdown Addict]

I never said that TA is garbage. Let's make the text shorter for challenged readers.

- TA suffers from confirmation bias. People tend to validate their own belief with one single instance of an occurrence.
- TA is used to mislead you into believing strategies that don't work. Some TA authors deliberately try to show a wrong path so you can never find the right way among so much misinformation.

 

[schizo]

I never said that TA is garbage. Let's make the text shorter for challenged readers.

- TA suffers from confirmation bias. People tend to validate their own belief with one single instance of an occurrence.
- TA is used to mislead you into believing strategies that don't work. Some TA authors deliberately try to show a wrong path so you can never find the right way among so much misinformation.

And what you just described pretty much means TA is useless. In another word, it's garbage.

But back to my original bone of contention: what does it matter whether TA is garbage or not? What does that got to do with you personally? Mind your own damn business.

 

[SunTrader]

Nonsense.

 

[TrAndy2022]

There are over 140 bias counted for any human. You are only saying about the tip of an iceberg, first. Second, I believe you had a bigger loss or larger drawdown and now you are trying yourself to explain something that has no meaning. Because, third, over time you will make money with your analysis or not, and if you had any negative bias that stops you from making (more) money then over time this will correct itself as you adapt. So in the end, forth, you are just making noise about nothing here. That is my opinion. I might be wrong. But as long as I make money with my simple TA I know I am right regardless of anything else.

 

[Drawdown Addict]

There are over 140 bias counted for any human. You are only saying about the tip of an iceberg, first. Second, I believe you had a bigger loss or larger drawdown and now you are trying yourself to explain something that has no meaning. Because, third, over time you will make money with your analysis or not, and if you had any negative bias that stops you from making (more) money then over time this will correct itself as you adapt. So in the end, forth, you are just making noise about nothing here. That is my opinion. I might be wrong. But as long as I make money with my simple TA I know I am right regardless of anything else.

What is with you guys, that anytime someone is pointing out something is "because they have lost with it".
It is hilarious. I guess you throw that card when you have nothing else to say.
Let's educate you on the subject: https://en.wikipedia.org/wiki/Ad_hominem