Quote:
Originally Posted by bodybuilder32
Yes but there are people using it to achieve profitable results. Some of those people are posters in this thread.
Even TS said that research supports some edge of TA in commodities markets, and he has provided the most arguments in this thread against TA.
We have zero evidence that people make money using it in US equity markets, especially on individual stocks. mrbaseball is a commodities trader who worked in a firm with access to trades and information not available to retail. He has no clue about US equities and no history of profitability.
No one who claims to post TA here has posted a bunch of real time trades.
XIV/short vol is an excellent of example of TA trading that worked for years to high profitability, before a single day sent them bankrupt back in January.
This cuck for example claims to have made $12 million, then he lost it all in a few days.
We had a forex guy here make 1000% using pure TA in a few hundred trades, then lost it all back and more in weeks and has lost continuously since. If you're one of the lucky 1 in 20 or 1 in 50 whose key trades fit with the random walk you're on for years, you appear to do very well at TA when really you're just the selection biased lucky fish, while the rest of the TA traders slowly lose money/underperform to fees and spread, since they have zero edge.
Then you have the fact that people use more than TA - news, fundamental changes such as after earnings, and mix it with TA. They could be profitable indefinitely even though TA has no edge at all. Hedge fund managers who used astrology in addition to other strategies (we can both agree this is bull****/zero edge?) did well for a decade running up into the 2000 tech bubble. Was it astrology that was working for them?