Calm down drama queen, we are not attacking you, we are attacking your ideas. Why are you setting up a strawman? Traders know not to judge based off one trade, but based off one hundred trades. How does the paper even support what you are saying? The paper says there are experts who generate alpha and those can be "easily identified." Sounds good to me. "While SeekingAlpha articles and StockTwits messages provide minimal correlation to stock performance in aggregate, a subset of experts contribute more valuable (predictive) content. We show that these authors can be easily identified by user interactions, and investments based on their analysis significantly outperform broader markets. This effectively shows that even in challenging application domains, there is a secondary or indirect wisdom of the crowds." "We show that valuable content can be extracted using well-designed filters based on user comments and can lead to strategies that significantly outperform the broader stock market."
TA is just calculation of data. How is that garbage? The traditional trading signals, and default settings may be outdated for the current market conditions but you can modify them. Just use the AI, Luke. While I have no doubts that whatever information that you share with the AI is going to be used to trade against you someday it's alright because then you will just keep going back for more solutions. I am in favor of market evolution.
No, bro, the OP was the one saying TA (along with day trading) is garbage. And I'm saying: even if you're correct, what the hell does that got to do with you? Disclaimer: AI endorsed this message.
I never said that TA is garbage. Let's make the text shorter for challenged readers. - TA suffers from confirmation bias. People tend to validate their own belief with one single instance of an occurrence. - TA is used to mislead you into believing strategies that don't work. Some TA authors deliberately try to show a wrong path so you can never find the right way among so much misinformation.
And what you just described pretty much means TA is useless. In another word, it's garbage. But back to my original bone of contention: what does it matter whether TA is garbage or not? What does that got to do with you personally? Mind your own damn business.
There are over 140 bias counted for any human. You are only saying about the tip of an iceberg, first. Second, I believe you had a bigger loss or larger drawdown and now you are trying yourself to explain something that has no meaning. Because, third, over time you will make money with your analysis or not, and if you had any negative bias that stops you from making (more) money then over time this will correct itself as you adapt. So in the end, forth, you are just making noise about nothing here. That is my opinion. I might be wrong. But as long as I make money with my simple TA I know I am right regardless of anything else.
What is with you guys, that anytime someone is pointing out something is "because they have lost with it". It is hilarious. I guess you throw that card when you have nothing else to say. Let's educate you on the subject: https://en.wikipedia.org/wiki/Ad_hominem