RE: "There's no use for any technical analysis."

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"There's no use for any technical analysis."

in finance •  7 years ago 

Fuck yea we are on the exact same page here. I find all of the technical analysis hilarious because it seems crystal clear to me that the skill of writing & promoting finance content, is completely unrelated to the skill of actually earning money via day trading (only possible for A-list teams of PHDs/savants, basically).

Amateur day traders are like first week basketball players playing against a preschool team, then heading into an NBA game expecting the same level of competition, lol

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They are the meat and potatoes for the brokerage industry. They get slaughtered and the brokers and analyst still get paid. Also, with the advent of high frequency trading they stand less of a chance than they ever did.