TA is really stupid. Understanding reality is better. The…
TA is really stupid.
Understanding reality is better. Then you position yourself while your predicted future reality slowly becomes one with the current, real one.
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TA is good for finding an entry in fundamental positions though and it enables one to use the volatility as an adavantage - Increasing longterm position size by day- and swingtrading. At least if one doesn't fuck it up haha
If you're not good at predicting future reality, meaning you are stupid, then TA might be the option left for you.
(Trying to trigger and reap interaction $$$, hey I don't set the incentives here!)
"Have fun..."
No, but passing on an investment you consider undervalued carries a hidden opportunity cost. Others are mapping reality while you do cups, handles and whatnot. It is likely they push the price not in your favor.
TA is part art, part science. Science because you are studying chart patterns to see how market reacted to find out statistical probability of having odds in your favour.
Art because it depends on person analyzing it.
TA predicts psychology not prices.
You are bascially 100% correct. Doesn't stop me looking though!
I agree. Price action gives hints though and even whales try to accumulate as low as possible. Plus markets can stay irrational for longer periods of time, so fundamental value and price value might not meet as soon as one thinks.
lol