Technical Analysis does not work, never did, never will
- Thread starter NoVoodooHere
- Start date
Suppose he was successful for THE 25 years, with annual 10% compounded. Then his initial seed of 100K must become current value of 100*1.1^25 = 1083.471 = 1100K.
With 20% compounded, he must have now 100*1.2^25 = 9539.622 = 10000K.
Therefore if he does not exhibit current 1000K or 10000K, most likely
1) he had no savings of 100K at the time of 25 years ago since his income was low.
or 2) he did NOT maintain annual 10% or 20% compounded.
Meanwhile compare his record with Buffet's annual 20% compounded for 50 years, who made 1.2^50 = 9100.438 times for 50 years.
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If technical analysis works we'd all have a crystal ball that can tell the future, and we'd all be rich. It's like financial hawksters holding a carrot infront of the mule. Maybe we should not tell everyone. Let them spin their wheels, spend money learning TA and feed the market. Profits must come from somewhere. Image if everyone figured this out, advisers and technical experts would have nothing to baffle consumer traders, win all trades. Use TA with a grain of salt, it's just a way to analyze artifacts (foot prints), no one has a crystal ball no matter how loud they scream or name calling. I agree with the thread's author ...
Looks like we have a new village idiot here. Thanks for stepping up lylec305
LMAO! "the angry one's", "looser"
First pass a course in basic grammar, then pass a course in basic logic. Then maybe ... just maybe ... you'll be able to make a useful contribution to this website.
Until then, I'm putting another idiotic loser on ignore.
Why is it that the Anti-TA posters always sound like angry religious fundamentalists?
In the words of the immortal Humpty Hump....
Doowutchyalike
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stop using faulty maths lol. you need to do ^x-1 for x years compound growth if you start with the end of year 1 growth figure.
man this is so dumb, do you know which end of a hammer to swing? lol
TA is a set of tools FFS. It's not the tools that work or not it's how they are used you colossal turd. If a bricklayer cannot build a solid straight wall with his tools does that mean the tools don't work? Another bricklayer will use those same tools to create a perfect wall.
I thank my lucky starts every day that dumb people exist and continue to pour money into the markets.
Right. It's all in the implementation. Give me any retail automated trading platform, and I'll have hired a programmer to customize the code/inputs to have it up and running within 3 months.
Shooting accuracy is more important than what kind of weapon your using. In a long shot, a gumball in a slingshot (in the right hands) will do more damage than a hunting rifle
Since stock market should be zero-sum before expense(tax+commission), roughly 50% should be a loser.
Furthermore, after the expense, only 5% can stay as a winner in the long run. Therefore lot of idiot, even more stupid than him.
Let us congratulate coming out of idiot, for the market prosper.
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