Is Technical analysis bullshit ?
Many people don’t recognize technical analysis and says TA is useless before doing any homework to even fully understand what it is or how it should be used.TA is bullshit after like saying no one can make any money in the stock market because some academics did a study and didn’t make any money. There are as many ways to use technical analysis as there are ways to make money in the stock market. Stock market participants range from day traders to value investors from option traders to futures traders and technical analysis is just as diverse. It is the peak of arrogance for someone to think they can dismiss the entire art and science of technical analysis because they can’t figure out how it works or how to make it work. Many traders spend thousands of hours to construct profitable trading strategies using some form of TA. The right question is not “Does technical analysis work ? or Is technical analysis BS ? but to first quantify and specify what exactly do you think technical ana...