We also have to take their word about what goes on in their accounts. Anytime someone says "trust me," you can't. Especially if the business they're in is a nasty, "slaughter the peasants" game. He's already told you he "laughs" at traders, meaning "you can't do what I can't do," it's the sign of an insider, who knows you can't do it because you're not connected, not the sign of a teacher. He has to tell you to trade technicals, it's terrific bait. They all make big money because traders try and fail, why would he rock his own boat?
Prove to me that Technical Analysis Works.
- Thread starter TazTheLaz
- Start date
Most TA indicators fail miserably to provide a reliable signal. Others are simply late to the party. TA can explain the past but never the future. Whoever is successful with past performance analysis is because they are doing something else, that extra bit of analysis is what makes their trades to work, not the TA indicator.
All you have to do to prove that TA is a religion is to run multiple backtests on any indicator and you will see their performance over time.
In this YouTube channel a developer challenges most of the known indicators, the results are depressing.
All you have to do to prove that TA is a religion is to run multiple backtests on any indicator and you will see their performance over time.
In this YouTube channel a developer challenges most of the known indicators, the results are depressing.
game is delay cause liverfool fans can't get in the stadium....what the hell is going on? if i'm a liverfool fan and pay good money for the ticket and can't get into the stadium...i would be pissed! anyway...my money is on liverpool!
Think old Warren would mind me using his B shares to make a point? 
Two divergences for the price of one. First one equal highs in price, lower (2nd) high in 5-34-5 Osc. Second one, the reverse situation, equal highs in 5-34-5 Osc much higher in price.
There is also another in between and one previously to the left as well, but I won't pile on the ignorant that won't see it anyway.
Two divergences for the price of one. First one equal highs in price, lower (2nd) high in 5-34-5 Osc. Second one, the reverse situation, equal highs in 5-34-5 Osc much higher in price.
There is also another in between and one previously to the left as well, but I won't pile on the ignorant that won't see it anyway.
Looking at your history of violence your guys must be making a scene there.
Trading off strict fundamentals will rarely if ever produce outsized returns..Yes,Lynch did but he had some distinct advatages the average retail guy did not..
Its fairly obvious you havent spent much time researching the topic..Look at who wins Norm Zadeh's trading championships with 100 plus returns using their own capital.90 percent of those guys are some sort of Modified Canslim trader...No deep Value stuff,No Graham and Dodd...Momentum(RS) and often Earnings growth with some ROE and Margins mixed in,combined with chart patterns, and often MA filters....
Read up on Kristjan Kullamagi,David Ryan,Mark Minervini for starters..
Its also pretty obvious you drink the academic KOOL AID.Those who can do,those who can not do research
If Value trading is your comfort level and how you are wired,ride that pony...But there are guys knocking the cover off the ball taking a much different approach...
Have you spent 10 seconds testing shit on Portfolio123???
Its fairly obvious you havent spent much time researching the topic..Look at who wins Norm Zadeh's trading championships with 100 plus returns using their own capital.90 percent of those guys are some sort of Modified Canslim trader...No deep Value stuff,No Graham and Dodd...Momentum(RS) and often Earnings growth with some ROE and Margins mixed in,combined with chart patterns, and often MA filters....
Read up on Kristjan Kullamagi,David Ryan,Mark Minervini for starters..
Its also pretty obvious you drink the academic KOOL AID.Those who can do,those who can not do research
If Value trading is your comfort level and how you are wired,ride that pony...But there are guys knocking the cover off the ball taking a much different approach...
Have you spent 10 seconds testing shit on Portfolio123???
You are confusing two things now.
Does TA work, logically? Yes.
Does that mean you can outperform index investing with no leverage? No, because stonks go up.
So make your decisions.
Here is an example of a (not scientifically accurate) random walk below. When people say stocks follow a random walk, that doesn't mean that it isn't predictable, it means that in aggregate, they follow a random walk.