Technical Analysis does not work, never did, never will

NoVoodooHere said:
I would like to submit this to dumbfuckery awards for quote of the year consideration

Tell me, Vlad, what IS your first language?

PS: Also waiting on an answer to: "WTF is Dave & why are you cock-blocking right now?"
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I knew a German engineer who was just like this character----- the personality type is quite common over there.

surf
 
NoVoodooHere said:
(oh dear, I hope I don't get banned):oops:
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Although you can speak freely "Technical Analysis does not work, never did, never will"

I am sure there is some who makes profit with technical analysis.
However, most shows relatively low profit rate (at most 10%~20% compounded in the long run)

If one show about annual 20% compounded, such as Buffet, his wealth grows 9000 times over your entire life span, by 1.2^50 = 9100.438.


For example, if you save 10K at age 30 for future investment, yours should be 91000K=91M at age 80.

Since stock market were open for 400 years, his wealth is now 1.2^400 times, as long as he is alive for 400 years with annual 20% profit rate.
Probably there was almost NO one who attain the annual 20%. Tell me if there is.

I guess 15% might be rough idea for realistic suggestion by 1.15^50 = 1083.657, which implies 10K to become 10M over 50 years.
 
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Surfer sez there are no trends, but apparently just dollar cost averaging over extended periods can make quite a decent return:

big.chart




TKOSTA74 said:
Technical Analysis does not work, never did, never will
so what does work then (i'm not being a smart ass)
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NoVoodooHere said:
Yah, yah, more Hans than Vlad, that would explain the "my 16th language is Kraut" rant
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Your communication with Marketsurfer is almost perfect. This is logical because you both have more or less the same IQ, which should be roughly between 0 and 50. Maybe even a bit too optimistic.
That explains also why TA will never work for both of you. And also why you only understand English, although I even have doubts about that.

Do you know that Surf's wife is very close related to Vlad? She probably has the Vlad profile that you are thinking of as she comes from that region in the former USSR (Georgia).
 
i am nobody said:
Your communication with Marketsurfer is almost perfect. This is logical because you both have more or less the same IQ, which should be roughly between 0 and 50. Maybe even a bit too optimistic.
That explains also why TA will never work for both of you. And also why you only understand English, although I even have doubts about that.

Do you know that Surf's wife is very close related to Vlad? She probably has the Vlad profile that you are thinking of as she comes from that region in the former USSR (Georgia).
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I'm starting to get the impression you don't like me very much
 
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