That's fact. It's just a game where the primary objective is to win more than lose, if a trader can't achieve that by using a chart (with or without indicators) then he won't have the intelligence to achieve profitability using more sophisticated methods.
Like I said, that's utter bullsh1t... I can't and don't use charts, never used them and probably never will. However, mysteriously, I am still around, even though, according to your bonkers theory, I don't have the intelligence to make money anŷ other way. Seriously, when will all this dogmatic rubbish stop? This is just as useless and silly as the other extreme...
Find one f1 race driver that can't race a go kart. Same here. Chart/price based trading is a basic form of trading, if you can't achieve a gain, then you have a problem with math.
I'm a big fan of F1 racing and what you say does make sense for racing but it can not be applied to trading and I'll explain why. It seems like you're really trying to say that if someone (e.g. algorithm trader) is profitable without charts and you then ask them to do chart analysis with what they normally have been doing profitably...they should continue being profitable. Thus, of course they should continue to be profitable because they're still using their trade models with the added tool...chart analysis. In contrast, as an example, if you're saying a professional trader that's profitable using statistical analysis and cyclical analysis and you then take all that away...then give him/her only chart analysis and they should continue being profitable... I would say no because they no longer have their usual trading tools nor have I've heard of anyone doing such. My point is that your racing analogy is flawed because you're talking about someone that races and then you ask them to down grade to a different type of racing. In contrast, if you're implying that a trader that has never been exposed to chart analysis and is profitable via some other type of trading model and then you take all of that away and only give him/her charts... You're saying they should be profitable in chart analysis all by itself. That's not possible because of human nature (the mind) won't allow it. Its like saying someone that's a successful javelin thrower will be successful in the marathon running. Lets put it this way. Human nature will tell the successful javelin thrower to keep doing what he/she does especially if they have sponsors and it they want to continue making a living in sports. It's too difficult to try to convince them to stop being a javelin thrower to give the marathon running a try and if you're able to get someone to give up what works for them just to trying something new like marathon running...that athlete knows they'll have to start at the bottom as all other newbies. Just the re-training process won't allow success. I know the above is not a good analogy but its the only thing I can think about off the top of my head in comparison to your F1 race analogy. Yet, I do know there has been some Olympic athletes that have switch to another sport but they were not able to perform as successful in the new sport...not good enough to be as successful by the next Olympic games and they were no longer ranked in the top athletes in the new sport in comparison to them being ranked in the top in their prior sport.
Your analogy does not qualify as an example IMO. I am talking about same activity, but at different speeds, whereas you are on about two totally different activities. What is trading all about? It's about establishing risk vs reward and establishing probability, based on those you establish what you will risk per trade. That's it. Pro traders can do probability and risk calculations, retail traders fail at those, hence the failing statistic. A pro trader that understands odds will be able to trade from a chart, it may not necessarily be his best performance, regardless he will be able to derive profit.
Actually, there are different types of traders. For example, you should know that there are traders that only use fundamental analysis. Just the same, you should know there are algorithm traders. Just the same, you should know there are traders that only use bid/ask/T&S screens. All traders but different types. You know that. Stopping with the analogy...you're basically saying that a profitable fundamental analysis trader that has their tools taken away and then you only give him/her access to charts. You're saying that if they can't turn a profit using chart analysis...they should have never been profitable using fundamental analysis... Yes or no if that's what you're saying ? Maybe you're saying that if they're profitable in fundamental analysis...they will be profitable in chart analysis because you believe its the basics of all trade models because chart analysis to fundamental analysis is a "natural progression" ?
Progression to me equates to establishing better odds, weapon of choice is irrelevant. I think my opinion is quite straightforward - a pro trader should be able to derive profit trading a chart.