Markets ebb and flow, just like the tide. Moods change and and waves come and remove money from people who are on the wrong side.
Bots trading algos make money everyday. Quants program these bots to execute profitable trades everyday. It is all technical. Bots generally do not tradeon fundamental or macro reports (I stop short of saying "no bot trades on fundamental or macro data" because I certainly can not claim to be familiar with all the programs being traded). "Quant" means something can be quantified, measured, given an objective value. Learn to trade like a quant and you will be simply amazed at how well technical analysis works. https://qz.com/58535/goldman-sachs-...trading-last-year-and-just-15-days-of-losses/
You then do not define technical as I do. You must be talking chart patterns and such. You a quant? Then you should know what I am referring to.