Re:Ask HN: How to use technical analysis for long term inves...
by YuriNiyazov on Thursday December 30, 2021 @12:14AM
(#29733868)
Having gone down a similar path about a decade ago, let me short circuit this for you.
The consensus seems to be that technical analysis doesn't work. However, we don't have to commit to that very categorical statement, and we can work within a much weaker framework:
Even if various aspects of technical analysis could work in theory, they are too hard to get right for a single trader who is trying to wrangle it alone on his laptop. If it worked, then to get it right you still need a team of PhDs, and infrastructure, and computing clusers, etc. etc. So, forget it.
If you are worried about paying too much, or you are worried that you will miss out an opportunity, then learn how to use options to solve those problems for you.
The consensus seems to be that technical analysis doesn't work. However, we don't have to commit to that very categorical statement, and we can work within a much weaker framework:
Even if various aspects of technical analysis could work in theory, they are too hard to get right for a single trader who is trying to wrangle it alone on his laptop. If it worked, then to get it right you still need a team of PhDs, and infrastructure, and computing clusers, etc. etc. So, forget it.
If you are worried about paying too much, or you are worried that you will miss out an opportunity, then learn how to use options to solve those problems for you.