Hacker News new | ask | show | jobs
by SeanDav 4244 days ago
I have been a trader for 15 years, I have seen TA absolutely working and I have seen it failing. You can take the opinion of someone that has walked the walk, or not. I have given you a specific example where TA does work, so it can't all be bullshit right?
1 comments

> You can take the opinion of someone that has walked the walk, or not.

In opinions we trust? What kind of a trader are you?

> I have been a trader for 15 years, I have seen "go all in on a bunch of calls" absolutely working and I have seen it failing.

That sentence is basically void of content.

> I have given you a specific example where TA does work, so it can't all be bullshit right?

No. You could give me an example of homeopathic medicines used shortly before someone goes into remission.

That doesn't mean that cures cancer.

Are you being deliberately obtuse?

The example I gave is a logical one, which just happens to also work on occasion in the real world. It does not rely on what sort of trader I am, it is a thought scenario, which can and does work in the real world.

Logically, if a large number of people are using a specific TA signal to make trades, their trades will move the market to a degree. Then if one knows what that signal is, one can reliably make money using the same TA signal.

So even if the actual TA signal is a completely random walk, an alert person can make money from that TA signal if they understand that the market will move because some powerful players are using the same signal for whatever reason.

TLDR: A bullshit signal can be used to reliably make money.

...just happens to also work on occasion...

How often do these occasions arise? If I used this technique every day, would I last a week before going broke? Give us some indication that this is more valuable than flipping a coin.

> A bullshit signal can be used to reliably make money.

Until it doesn't.