Prove to me that Technical Analysis Works.

[nooby_mcnoob]

Will Rogers said;

"Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it.

If it don't go up, don't buy it". I added; "If it goes down get rid of it".

I swing trade individual stocks.

I don't look at fundamentals or care what the company does.

I scan for stocks making new highs.

I prefer stocks that are breaking out of a consolidation.

I use money management (Usually risk less than 1% of capital)

I use risk management. (Tight stops)

I make money year over year and have managed to sit out the big drops in 2008 and 2020.

If that's TA it works for me.

Funny how it took so long for me to learn this simple thing.

 

[SimpleMeLike]

Thanks for your comment, I appreciate it. I will keep an eye on the thread, hopefully someone will send a real proof that TA works.

Hello angrytrader,

Life would be simple and we end all this debating bullshitting if everyone just did this right?

https://screencast-o-matic.com/watch/c3hU2KVr9LV

And this is not even enough proof, just something working on clicking back test

 

[smallfil]

Will Rogers said;

"Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it.

If it don't go up, don't buy it". I added; "If it goes down get rid of it".

I swing trade individual stocks.

I don't look at fundamentals or care what the company does.

I scan for stocks making new highs.

I prefer stocks that are breaking out of a consolidation.

I use money management (Usually risk less than 1% of capital)

I use risk management. (Tight stops)

I make money year over year and have managed to sit out the big drops in 2008 and 2020.

If that's TA it works for me.

Yes, that is technical analysis pure and simple. It does not have to be complicated to make sense and work. And if technical analysis did not work, why would traders be using it? I trade the stockmarket to make monies that I can put in my pockets to spend later on myself and my family. BS and half truths will only make me lose my monies. I trade my own monies so, if I did not have the knowledge of technical analysis, I would have ended up scalping the stockmarket manually and that would be a big painful chore with not even huge rewards. I would also, be blind as a bat without technical analysis to guide me. There is a wealth of information in the stockcharts if traders knew how read and interpret it and huge rewards too. That is where technical analysis comes in.

 

[nyxtrader]

Technical indicators do not work. Technical analysis does. Two different animals. You are comparing technical indicators which measure price movements vs technical analysis which analyzes the entire stockchart. You obviously, do not know even the difference between the two.

You're an idiot.

 

[SunTrader]

Tell that to the experts in this thread that say : "Indicators are not TA, they are ´price analysis´"....

Who is that? Got a post number?

 

[sidbunch]

Please delete this post,it's gonna depress and discourage new traders.LOL. 11 years,12 hours a day,full time? In approximately the same amount of time(11 years) Kristjan Kullamagi took a 10k account to 100mm plus. Mostly breakout trades and parabolic shorting. He seems to use a 50/50 mix of TA and FA.

That's pretty awesome! Good for him! $$$

 

[guest_trader_1]

Who is that? Got a post number?

I thought you were reading before posting, you can't try to school people if you don't read what is going on.

Watch smallfil's comments, such a legend. Some are insulting him already. Assuming is a bloke

 

[SunTrader]

I thought you were reading before posting, you can't try to school people if you don't read what is going on.

Watch smallfil's comments, such a legend. Some are insulting him already. Assuming is a bloke

I read what I see. I don't see smallfilmind and a few others. Life is sooo much better that way.

 

[smallfil]

You're an idiot.

You get added to the blocked list. I do not give a rats ass.

 

[guest_trader_1]

I read what I see. I don't see smallfilmind and a few others. Life is sooo much better that way.

yeah I understand you completely , he is a piece of work. Still not that bad to ignore him.