[z023bs]

thanks so much for the detailed reply! I was mainly looking for reputable sources of information to learn from, there are so many BS opinionated websites and Youtube gurus trying to sell courses that it is very hard to find a quality source of information. I watched a bunch of Khan Academy videos but they weren't super comprehensive so I was looking to get more in depth.

what is your opinion on technical analysis and does it need to be used in algotrading? I've seen some of the basic indicators but wondering if I need something more than RSI and MACD

[aj3]

There are some patterns that are fairly reliable such as volatility around earnings. But that's sort of obvious and only works because everybody knows about & expects it to work. What's called TI on YouTube is different kind of price forecasting altogether. In my opinion there are only three ways to predict price movement on that scale:

  1. by having insider knowledge
  2. by market manipulation
  3. by getting lucky

Obviously, I haven't taken any classes or worked for the Wall Street so might be missing some hidden knowledge, do your own research. My strategies mostly assume random outcomes and work on a scale that does not require TI, but I also attempt to detect dangerous stocks, market makers' sentiment and market manipulation (btw, cryptocurrencies are great for studying mm).