Technical Analysis is total rubbish! Here's the proof!
- Thread starter SillyWilly
- Start date
List every single thing you did today in chronological order such as: wake up, pee, get a glass of water/coffee, shower, get dressed, eat etc. etc. etc.
Now tell me how many of those things or the order they happened in are randomly generated.
huh? how in heavens name does that have to do with TA? Think about this, if you had access to years of my daily sleeping schedule and so did 1000 other people. And then were asked to place a bet on what time I will go to bed on Thursday, you would probrably have a narrow range on when I would sleep and be pretty certain. Well what in heavens name do you think the market will give you on the odds? Almost nothing!!! You have alot to learn my friend..... If you can predict something, for the most part, the market has already priced that in. Nice try
TA alone works because i have traded for months without a single loss.
i will post my investor password so you may see all my past trades and future trades all live.
i am opening a new live account for this purpose since i do not want to expose my main account.
i will post my investor password so you may see all my past trades and future trades all live.
i am opening a new live account for this purpose since i do not want to expose my main account.
Actually there is.Lots of them.
hahaha yeah i agree: of course there is
Actually something else I want to mention to you is, if you graphed all the all the people in my community sleep time, it would be normally distributed. In the market, one participants actions may not be random but crowd behaviour can be random and in fact if you do some research on behavioural finance, alot of the actions of a crowd are normally distributed. Just like daily stock market returns. Anyways, GL
never a losing month using TA?? why are you not running a hedge fund right now making 100 million a year?
Why do you have to run a hedge fund? Is there a law that forces you to do that? People are free to choose what for them is more important. Priority lists can be different for each person and can even change during the years. There might also be other reasons for not starting a hedgefund, like an edge that cannot be exploited on a big scale, or a trader who cannot work under big pressure.
So your comment is totally irrelevant.
You might as well ask:
- why don't you have a private plane?
- why dont' you have a 50 million $ house?
- why don't you have a private island?
- why don't you have a much younger (playboy) wife ?
- why don't you live in Monaco?
- etc...
I never have a losing month too. For a daytrader having a losing month would be proof of his failure.
PS: Warren Buffet still lives in a house he bought decades ago. He didn't have an expensive car. Kamprad (ikea), one of the richest men in the world drove an old Volvo. Why did he drive such an old car? So these two people are in reality poor? According to your logic they are indeed poor.
like your reply.....what you say is really true!