Quote:
There you go assuming your conclusion again
Irredeemable moron,
I'm not "assuming" anything, let alone in the passage where I post solely to point out how dumb and pointless your post was.
Let me help you out with the sequence of events. Your Aspie mind needs it broken down, clearly.
You make dumb irrelevant claim that has zero relevance to the thread and no relation to showing anything about TA even if 100% true:
Quote:
Originally Posted by Do0rDoNot
I know a guy who made 45k last week using TA only. Seen his trading account---100% legit.
I point out the stupidity/utter pointlessness of your comment with an (also true) similar story. I do a straightforward and uncontroversial
reductio ad absurdum using a logically identical story to point out the stupidity of your post:
Quote:
Originally Posted by ToothSayer
I saw a guy a few years ago pull down $70K at roulette in 20 minutes, using chip-kissing only as his strategy. Seen it happen in real time---100% legit.
You go off on a rant because your reading comprehension is too Aspie-level and your familiarity with even the simplest logical constructs too obtuse to even recognize a fully valid
reductio ad absurdum, following up with a clown-rant that does NOTHING but show you are so ill-educated you can't even spot a perfectly executed element of basic logic:
Quote:
Originally Posted by Do0rDoNot
There you go assuming your conclusion again. You can't be that bright if you just continue to employ, and more forcefully, the same arguing strategy over and over again and actually believe it's working.
I'm not gonna argue with you over the efficacy of TA but I do know some of the best traders in the world spend a nonzero % of their time on it. I'll take their word over some blowhard internet know-it-all.
Your black and white claims here, like everywhere else, only persuade the most credulous.
You are the single dumbest person I've ever talked to in BFI. That includes penny stock believers. Congratulations.
To your new claims, which basically amounts to you admitting you don't know **** and have no arguments to bring, only this is worth responding to:
Quote:
but I do know some of the best traders in the world spend a nonzero % of their time on it.
Some of the best traders and investors in the world have spent a nonzero amount of their time on
financial astrology. Using your implied reasoning you just presented, astrology is a profitable strategy according to DoOrDoNot's logic.
(the following is over your head (despite being very simple) and is written for the people who aren't Aspie-level dumb
By they way, these traders and investors have spent time and money on something (astrology) which obviously total bull**** to any rational person with a microsecond of thought and has no plausible causative mechanism for affecting stocks.
Given this, how widespread do you think the practice of a numerology technique would be for something that's not obviously total bull**** like astrology but instead is superficially plausible and easily confirmation biased and capable of being split into thousands of different strategies and rationalizations, but totally false? Even very successful investors would try to use it and "believe" in it. In other words, the world would look exactly like it does now even if TA had zero edge. So your claims that this or that person do it successfully aren't terribly interesting unless they do ONLY that. And the foremost example mentioned of someone who uses only TA does it on commodities (not US equities, and commodities does have some weak tradable TA signals), and is selling $400 training packages to chumps despite supposedly making 40% annualized for 18 years....
So yeah, right now I win this thread and it's not close. Which is hilarious given how easy it is to prove that TA has a meaningful edge if it does indeed have one.
Last edited by ToothSayer; 09-26-2018 at 01:25 PM.