That's why 95%+ retail punters, most of whom use TA, lose money. Because it's easy. And that's why anyone in professional space hardly ever watches charts or utilizes pure TA. If they performed badly they would be fired within a short period of time. They must be doing something right and retail punters with their TA tools must be doing something wrong. It's really simple statistics. If one can't even count eggs then one is perhaps not suited for trading
what benefit will a trader get showing off? why put your family and yourself at risk of being kidnapped. the reward a trader wants is money-not recognition. what is that recognition worth? not everybody wants to teach millions of students:money gives freedom and good traders do not need to teach to get additional money.
but here i must agree with you that 95 % of TA is not suitable for the traders' objectives which is extremely short term you are totally wrong that no one in the professional space ever watches charts. that is ridiculous contention and how on EARTH DO YOU KNOW WHAT EVERY PROFESSIONAL TRADER IS DOING IN HIS OFFICE?
You are diverting from the topic. Someone who has nothing to show for is generally talking and that is about it. Enough said.
Right. I tell you why. Because they believe past prices have predictive power. That myth has already been debunked a long time ago. And yet so many on websites like this still hang their entire life on such misbelief
You twist my words. I said watch charts and use TA as only tool. I have not met a single trader in my almost 2 decades at institutional trading desks. But please go on...
And incidentally, while we are here,who has VERIFIED OR AUDITED that 95 % of traders lose money- the market would close down. it is likely that 95% of new traders lose money but that is the percentage with all start ups in any business people are notorious in giving up way too early and change the business in the hope to get rich. all business require considerable market knowledge which requires a lot of hard work in order to succeed.
ṭrue it is not past price I look at, I look at present price and prices take on a very different meaning if it takes place in a channel or if it takes place in a range.