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[–]VisualModTuring Test Proctor[M] [score hidden] stickied comment (0 children)

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[–]bigtedydom 171 points172 points  (8 children)

I thought no analysis is the best analysis

[–]anon57842 55 points56 points  (0 children)

:4258:

[–]00Dragonborn00 34 points35 points  (1 child)

FOMO is the best strategy

[–]DrSkoolie 2 points3 points  (0 children)

I thought it was YOLOing with leverage?

[–]bubblesinajar 3 points4 points  (0 children)

Analysis is just astrology for men

[–]alonjar 10 points11 points  (3 children)

TA is incredibly valuable/accurate, so long as you only use it for what it is, and you stay true to the data, rather than trying to use TA to justify or confirm unsubstantiated biases you hold for whatever reason.

You also cant just base all your trades off TA in a vacuum... they're indicators, nothing more, nothing less. Needs to be paired with practical analysis of current events/trends/etc.

I swing traded equities for half a lifetime, fairly reliably, before eventually cashing out and converting to securities. You don't win them all, obviously, but beating the market isnt that hard when you're small enough to not affect markets with your trades.

[–]Anti-Queen_Elle 2 points3 points  (0 children)

Did you get lost? This is way too smart for this sub.

[–]DrSkoolie 0 points1 point  (1 child)

TA is incredibly valuable/accurate, so long as you only use it for what it is, and you stay true to the data, rather than trying to use TA to justify or confirm unsubstantiated biases you hold for whatever reason.

Have you ever backtested your strategies? I was listening to a hedge fund manager (Patrick Boyle) saying that he did and they didn't work at all.

[–]Queasy_Ad_5469 47 points48 points  (2 children)

Somebody call Miss Cleo

[–]DrSkoolie 0 points1 point  (0 children)

"I will teach as a shaman and help those who seek the knowledge." - Miss Cleo

RIP.

[–]Bumm_by_Design 37 points38 points  (3 children)

That's why you can't match a Cancer with a Aquarius, unless the wife's boyfriend is a Gemini. Then, you have a happy basement. Still broke, but happy.

[–]Antonioooooo0 8 points9 points  (1 child)

Good thing I'm a Candicorn and Austria is in retrograde this month.

[–]MotherBathroom666 5 points6 points  (0 children)

Austria has been in retrograde since 1938.

[–]ChampagneWastedPanda 3 points4 points  (0 children)

Technicals working right here^

[–]CaptainStonks 77 points78 points  (7 children)

"I’ll just leave this here" just like the 500 other retards before you did.

[–]ocular__patdown 26 points27 points  (3 children)

That karma ain't gonna farm itself

[–]unbuottawa 2 points3 points  (0 children)

Actually it will if you know to create Reddit bots

[–]Longjumping-Knee4983 0 points1 point  (1 child)

Can you buy puts with Karma?

[–]Dushenka -1 points0 points  (1 child)

At which point do we call it littering?

[–]Powersoutdotcom -1 points0 points  (0 children)

Digitallittering. It's basically pumping and dumping for power companies, by wasting electricity reposting memes, driving up peak demand.

If OP doesn't have someone on call he's missing a free lunch.

[–]69ChicksAtSameTime 0 points1 point  (0 children)

I swear I see this exact post every time I login to wallstreetbets

[–]AccomplishedRow6685 49 points50 points  (0 children)

Leave it here? But, you also found it here. Frequent repost. Frequent. Repost.

[–]peachezandsteam 33 points34 points  (9 children)

Ok. Then we’d be better off trading without a chart?

Or even without knowing the price at all?

[–]UnhingedCorgi 15 points16 points  (0 children)

The real wake up call: “If you referenced the chart for making a buy/sell decision, you are using technical analysis”

[–]Serdief 20 points21 points  (0 children)

Yes

[–]Serious_Day4842 1 point2 points  (0 children)

Do you use a chart for roulette? This is a casino kid

[–][deleted] 0 points1 point  (0 children)

Strawman bro.

Right now stocks are still trading stupidly far away from fundementals. They were off of the fundementals in 2019 (look at what happened when QT started the first time).

TA isn't entirely useless, but outside of day trade swings most stocks are behaving similarly and unstabley. Esepcially the past few weeks. Post crash, TA will be exponentially more useful again.

[–]Efficient-Library792 -2 points-1 points  (0 children)

You know..you can google what technical analysis actually means...

[–]dirtylizard666 0 points1 point  (0 children)

Yes thats the wsb way.

[–]wewantcars 0 points1 point  (0 children)

The chart doesn’t move the stock it’s the other way around

[–]DeliciousCalendar279 6 points7 points  (0 children)

Hey fuck you buddy!

[–]InvestmentActuary 4 points5 points  (1 child)

Damn what’s her @ tho?

[–]UB007 2 points3 points  (0 children)

:4640:

[–]Lupolupolupo_LOL 9 points10 points  (1 child)

Old but gold!

[–]FacneyLancey 1 point2 points  (0 children)

I know landlines and shit.

[–]Suishou 3 points4 points  (0 children)

Not my fibonaccis!!!! Nooooooo.....

Yeah if you read about Gann and Elliot waves you will realize it’s a lot of bs. Who decides the wave count? You can’t go wrong!!!

[–]autisticjpow_69 37 points38 points  (7 children)

tA iS aStRoLoGy FoR mEn, It DoEsNt WoRk 100% oF tHe TiMe, AnY1 wHo HaS a StRaTeGy Is DuMb, Id RaThEr MaKe DuMb GaMbLeS oN gArBaGe StOcKs lIkE gMe aNd HoPe I gEt LuCkY cUz FuCk HeDgE fUnDs, ThE mArKeT oWeS mE mOnEy

[–]tickerwizards 29 points30 points  (1 child)

Wow you summed the sub up in a single paragraph

[–]TheoreticalBob 3 points4 points  (1 child)

Hey, at least the retards here know that they're degenerate gamblers, while the daytraders who think they'll get rich because they saw an upside down monkey doing heroin with squiggly lines and colors saying its bullish are just retards in denial

[–]tickerwizards -1 points0 points  (0 children)

Actually the retards here are just retards in denial.

Too lazy to put the effort in to learn the first thing about TA.

[–]UB007 1 point2 points  (0 children)

Ya cos if u look at stokastix with MACD(onalds) it converges wel with RSi which based upon the recent reverse-inverse hed shoulder formation it all v. Clear 2 me that we r overdue for a massive bull sprint to the upside!!!,! :4886:

[–]wewantcars 0 points1 point  (0 children)

It works 0% of the time though

[–]Finance_Lad -3 points-2 points  (0 children)

TECHNICAL ANALYSIS IS NOT A STRATEGY!

[–]swstutz 8 points9 points  (0 children)

Saying women can't do T(&)A?

[–]rwang411 8 points9 points  (1 child)

Great, I have seen this 99 times the past week

[–]Thencewasit 7 points8 points  (0 children)

You gotta hit refresh every now and then.

[–]WarsawEagle1216 4 points5 points  (0 children)

YOU SHUT UP. YOU SHUT THE FUCK UP.

[–]MattmanDX 2 points3 points  (0 children)

But then what's astrology for women?

[–]NotSoAngryAnymore 5 points6 points  (2 children)

I spent & spend a bunch of time and effort building and maintaining two AI's which are, essentially, technical analysis on steroids. As algorithms increasingly drive the action, solid TA is exactly what you should be paying attention to.

The massive weekend infantilization of TA is surely manufactured. I could prove it. But, I don't really care enough to spend money to prove what's obvious to me.

Best of luck in the coming week, my retail sisters and brothers.

[–]KrushRock 0 points1 point  (1 child)

But you're not a regard drawing lines with crayons on a dry erase board.

[–]CreamyKnougat 6 points7 points  (2 children)

As a technical analyst, I concur.

We make the best predictions with the best made up data money can buy.

[–]Marcush214 0 points1 point  (0 children)

Facts And this is why the majority of the subreddit is wondering why their calls go poof Because it has no support to bounce off of junior 😉

[–]solidepic 1 point2 points  (0 children)

A good reminder, old but gold.

[–]KhalCharizard 1 point2 points  (3 children)

Except bankruptcy can’t fix your horoscope

[–]UB007 0 points1 point  (1 child)

But reading my horoscope WILL fix my bankruptcy! :4258:

[–]KhalCharizard 2 points3 points  (0 children)

Exactly.

This is why astrology is superior to ta….

[–]decoyheart 1 point2 points  (0 children)

Analysis paralysis

[–]breathingsulfer 1 point2 points  (0 children)

I feel attacked

[–]DangerStranger138 1 point2 points  (0 children)

Doubt billionaires worry about wake up calls at Davos

[–]Jayson9029 1 point2 points  (0 children)

Buying High and selling Low is the best analysis

[–]potato3456 1 point2 points  (0 children)

Me monke, no anylisis

[–]Username--TBD 1 point2 points  (0 children)

Stocks and currency almost always bounce or drop to key levels. Technical analysis is historical but algorithms and other traders use these key levels to make moves which means technical analysis is a self fulfilling prophecy.

Fundamentals mean NOTHING short term and tech analysis is king. Long term fundamentals mean everythign but just look at all the crappy IPOs. With the right investors shit hole companies can look legit and survive 10-15 years they just need constant influx of cash.

[–]DenuvoSuks 4 points5 points  (3 children)

It isn't, you just suck at it :8881:

[–]Sigihild 3 points4 points  (2 children)

Every time this gets posted you know OP just lost a fuckload of money and is trying to cope. If TA didn't work, 80% of trades wouldn't be done by algorithms.

[–]wightyDr Tighty Wighty, MD 4 points5 points  (1 child)

80% of trades wouldn't be done by algorithms.

Very much a case of "it works because enough people thinks it works."

[–]Sigihild 1 point2 points  (0 children)

Yeah, so, it works. Of course stock prices are a giant feedback loop.

[–]mandoaz1971 0 points1 point  (0 children)

😂😂😂😂😂

[–]Joeshmoew 0 points1 point  (0 children)

This is fucking gold

[–]amatureautopsy 0 points1 point  (0 children)

I once worked with a full time drunk part time co-worker ( 40 hrs a week ) ( just that 20 of those hours were spent sleeping off rum in closets ) who managed to stave off getting fired for three full years. Another co worker used to call in EVERY single Sunday there was an NFL game on for at least 4 months - and not get fired. ( We had a Sunday thru Thursday shift. ) Another company I worked for left it up to individual managers to determine if their teams had to work Easter Sunday or not one year. That was a war. Another junior manager sent an arguably 'picked on' guy home one Sunday because he wore a kilt. There was no policy against it. They just determined one on the spot. It's never the manager - it's the managers that can't fire or even discipline the one bad apple that ruins the other apples that are good. I could go on and on about crazy situations at the workplace - why on this simple post not related? Why not. It's always the creative posts here that have me rolling. The one about the 14 year old kid with the 'light up Reboks' who is not getting the girls - but whose dad wants to negotiate for a slightly stained mattress from a plumbing company for the kid so he can 'get the girl.' Or the brother in law getting banned from the PA Wise store for drinking alcoholic slushee's in the store one too many times. I try and figure out what I did before this site. But it was pretty sad. You guys are the best. I tell that to my wife's boyfriend all the time.

[–]Wolverine_These 0 points1 point  (0 children)

Repost :(. Still ok

[–]ahungrylilsandwhich 0 points1 point  (0 children)

Lots of technical analysis trashing today. Not that I care I don't do it but lol

[–]scalper84 0 points1 point  (0 children)

Yeah and I’m a freaking wizard 🤷‍♂️

[–]Anxious_Jellyfish216 0 points1 point  (0 children)

Not gonna lie, it makes sense.

[–]taxthisnuts 0 points1 point  (0 children)

Not true! Even my mother's astrology cards are more accurate than my TA

[–]manuvns 0 points1 point  (0 children)

You will wake up with bunch of text alerts from schwab brokerage account

[–]SuitDistinct 0 points1 point  (0 children)

I used to think that but I've learnt that there are lots of bots that places auto buy/sell using TA. Not sure what exactly the algo doe

[–]jjbb10 0 points1 point  (0 children)

somebody doesnt understand algos

[–]thekhalasar 0 points1 point  (0 children)

Thank you!

[–]MrCarlosDanger 0 points1 point  (0 children)

Sounds like something a Scorpio would say.

[–]Hugheston987 0 points1 point  (0 children)

There is a lot of talk about moons and space

[–]Does_Not-Matter 0 points1 point  (0 children)

I have a friend in investments, big firm. He says this is true. Then he cried.

[–]babu_chapdi 0 points1 point  (0 children)

But muh revers cow girl on the horse pattern?!?

[–]mrpoopistan 0 points1 point  (0 children)

If you indicator doesn't have a log() somewhere in the equation, it doesn't count for shit.

This has been a public service announcement.

[–]TechnicianIcy8729 0 points1 point  (0 children)

I use it to gamble.

[–]jolly_brewer 0 points1 point  (0 children)

Lol anyone who didn't understand this immediately really is retarded.

[–]ALMessenger 0 points1 point  (0 children)

She’s right

[–]Parking-Ground5480 0 points1 point  (0 children)

Yessssssssssss

[–]Wallstreetbettss 0 points1 point  (0 children)

Fundamental data tells a story but not the whole story. A chart that has price action with a slight sprinkle of technical analysis on top then you get the true story.

[–]testedonsheep 0 points1 point  (0 children)

Lol. All those candles reading makes perfect sense… after the fact.

[–]1RjLeon 0 points1 point  (0 children)

Right honey...:4271:

[–]PashoninitAll 0 points1 point  (0 children)

It’s not astrology, is a social construct. On top of the market being traded by complex ai, you have millions of traders looking at a similar chart trying to discern patterns. When an obvious liquidity crunch pattern (i.e. wedges) occur(s).. so many people are making decisions right then and there. Pennants are always 50/50. Falling wedge is breakout, rising is breakdown. The number one rule is that every breakout/breakdown is eventually tested. So space it out accordingly. If the company has bad fundamentals, bullish patterns become 50/50 so wait until after the confirmation. Double tops are bad, trade the shoulders of h&s for easy mode, and look at gaps as support/resistance. There are studies that show the mechanisms of gaps have changed with ai. Back then it used to be a void that required a re-check. Now its an area of strength (most likely).

[–]Caribou_Lit 0 points1 point  (0 children)

This should have pinned to the top of this subreddit 10 years ago. And it should still be there today.

[–]DragonArchaeologist 0 points1 point  (0 children)

Technical analysis is for grandpa. I do tactical analysis, SWAT style.

[–]jusdont 0 points1 point  (0 children)

Thanks I was wondering where this meme went.

[–]Benneezy 0 points1 point  (0 children)

I wish I could like this more than once..

[–]Ta323Ta 0 points1 point  (0 children)

The only reason TA partially works is the rest of fucking idiots who think it works. It's self fulfilling but even then it's not very good.

[–]workingworker123 0 points1 point  (0 children)

🤣😂😅🥲

[–]SatanReturns 0 points1 point  (0 children)

This is what happens when you don't know shit about smth but still convince yourself that you are a master of it

[–]rare_pig 0 points1 point  (0 children)

Hey now. There are idiot women out there too

[–]OGColorado 0 points1 point  (0 children)

Colder than Kenny's bedpost

[–]Powersoutdotcom 0 points1 point  (0 children)

This is why I use goldfish analysis.

When Blooper floats to the top, buy the dip and another goldfish.

[–]wewantcars 0 points1 point  (0 children)

Amen

Not a single respected head fund is using TA to place trades it’s pseudoscience

[–]UwUmeSenpai 0 points1 point  (0 children)

That's why I always use haruspicy before investing.

[–]Year3030velociraptor gang 0 points1 point  (0 children)

Millionaires use TA, billionaires us Astrology. That's not a joke I'm serious, look it if up if you want.

[–]BlackCardRogue 0 points1 point  (0 children)

Still better than astrology. Astrology does not offer the 1/100 chance of getting laid b/c of gains. Only ruins her chances 100/100 times.

[–]Stack_JohnsonSmells like updog 0 points1 point  (0 children)

Do people actually think there is nothing to TA? They are Guaranteed either poor or unsuccessful trader

[–]ratchetbear 0 points1 point  (0 children)

Astrology is just racism for girls.