Is Technical Analysis a joke??

Discussion in 'Technical Analysis' started by Jdesey, Apr 22, 2020.

  1. FTDK

    FTDK

    Everyone can teach how to trade. Doesn't mean it actually works. Sure he will be teaching some useful things to new traders but it isn't a holy grail.

    How many of his students have made more in profits than the costs of the course from his teaching? Probably not much.
     
    #111     Apr 23, 2020
    Nobert, theapprentice and smallfil like this.
  2. smallfil

    smallfil

    When I started out learning about trading, I paid for some services. Most of it no good. A lot of those things they tout on TV, if you go to a presentation, it is nothing but, a hard sell, we guarantee you will make a $1,000,000 in the stockmarket but, the guy speaking cannot show 1 setup to even prove he is a competent trader. No, he is not. He is nothing but, a salesman hyping their training and gets his cut from the turnips they sign up. It is huge market no doubt and they are making, tens of millions, the big groups on TV. I learned and figured things out on my own and trade my own monies for my own account. Be warned. There are a lot of charlatans out there.
     
    #112     Apr 23, 2020
    never2old likes this.
  3. It definitely does not worth these money. I’m getting some online for free.
    However not everybody can teach, the same as not everybody can trade, or sing. About students, if you have skills you may need some kick to start.
     
    #113     Apr 23, 2020
  4. I got you. First I also making money for myself and Commander and chief of my own and my wife's account. I’m doing it from 90th. I’m not paying for it a dime. But I like to get some new things. I can filter what they teaching. Anyway I got you point.
     
    #114     Apr 23, 2020
  5. easymon1

    easymon1

    Who Recommended That CoronaVirus Could Not Be Spread Among Humans?
    cued...
     
    #115     Apr 23, 2020
  6. Morons, morons....
    Bunch of Chinese helpful idiots....
     
    #116     Apr 23, 2020
  7. smallfil

    smallfil

    I am a senior too. With what I know from learning about trading stocks and options all those years, I only wish I could bring back 30 years and use my knowledge of technical analysis then. I would have done very well and probably become filthy rich. Not too late though. I figure I got 10 years to make hay and make it count. As bad as 2020 has been to most traders, I have done well and hope to continue it to the very end of 2020. This could be my best year since, I started trading. At the end of 2020, I hope to re-assess and see my progress.
     
    #117     Apr 25, 2020
    _eug_, never2old and Nobert like this.
  8. TA, Price evaluation, news, intuition those all your tools needed. But if you want to use only one of these you should be guru genius. Should be combination. Sometimes TA may lie. But not a reason to dismiss it.
    Moral: TA helps but be careful.
     
    #118     Apr 25, 2020
    never2old likes this.
  9. notagain

    notagain

    Price / Regression line, large enough deviation can cause price to return to mean.
    Screen Shot 2020-04-25 at 12.17.46 PM.png
     
    #119     Apr 25, 2020
  10. BAT31

    BAT31

    Is TA a joke? It depends on the time horizon to which you are attempting to apply TA.

    Personally, I prefer Market Profile/Volume Profile over TA.
     
    #120     Apr 25, 2020