Narrrrrrrrrrrrr t1_ix0o8uk wrote on November 19, 2022 at 8:56 PM

Reply to comment by [deleted] in To the ones that swing trade spy calls or puts or get massive huge gains by [deleted]

TA is literally nonsense. This is why at the firm i work at we have 8-10 math/cs PHDs creating models that can give “predictions” of “the most likely event” and even then sometimes these regards are completely wrong. we have literally sat in a room with these turbo nerds and watched “TA tiktok” and they have literally shit their pants laughing. the best joke they tell is “they hope they don’t get fired because they aren’t up to date on the current market analytics, you know, the astrology part of it.”.

Narrrrrrrrrrrrr t1_ix0ols7 wrote on November 19, 2022 at 8:58 PM

TA is like doing advanced level math without a calculator or proofs. sure you can get lucky, you can sometimes get the answer right without much help. but most of the time it’s still a shot in the dark.

MayoLovinApe t1_ix0ouas wrote on November 19, 2022 at 9:00 PM

All of it is if you really study the markets. I have spent a full year studying it for hours upon hours a day. Its really hard to be profitable if you dont set rules.

These youtubers like day trading addict and carmine rosato are jokes. Theres a new one too. Some little 16 year old that posts +12k profits a day on his videos. Its just them selling their discord to you.

I honestly havent found anything that was profitable other than price action and setting stop losses.

TA is a hit or miss. Usually it does the opposite of what it looks like its gonna do. If you got a bull flag forming usually it breaks down.

I use a little bit of everything besides indicators

This little 16 year old right here lol this shit shoukd be banned on youtube https://youtu.be/SQL2xIsdN5c

Narrrrrrrrrrrrr t1_ix0p535 wrote on November 19, 2022 at 9:02 PM

honestly even studying the market doesn’t work unless you’re using data extrapolation tools. but i get your gist. the truth is - unless you have access to a terminal and high level connections, you will not have a good shot at being consistently profitable. SIDENOTE: this does not apply to theta gang in the SLIGHTEST.

MayoLovinApe t1_ix0pcw4 wrote on November 19, 2022 at 9:04 PM

True thanks for insight have a good weekend man