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RE: Why Technical Analysis in Trading is 100% Bullshit

I just want to tell a couple of things to the next readers.

About the experiment with the monkeys throwing darts... It's not that difficult to understand if you know how risk works. If you happen to invest in a little company with low market cap and variable volume, you do have more chances to earn a noticeble profit in the medium - long term than investing in a already consolidated firm. And that's where the monkey's did better. Because as a professional you want to lower the risk of the long term investment, that means lower profit. Do you get that analysis paying bananas? On the other hand, as a day / swing trader you aim for the profitability. I really doubt a monkey can do better on a day trading throwing darts randomly.

I partially agree with "It's not for 90% of the people"... maybe it's only for the 1% that educate themselves before making an investment. If you don't understand what is the business, you are totally right! It's not for you! Stay away from it! Go and open a paper trading account and take lots of tutorials and if you still don't understand... well you can always eat a dart and throw a banana to the charts to randomly choose the best option for your investment (did you note the sarcasm? or are you one of the 90% that don't understand math as well?).

If you have a degree you have more chances understanding some concepts like Fibonacci numbers. Actually, I believe you don't need the degree, all you need is WILL to look for the truth and don't stop until you find it.

You should try Technical Analysis with a professional that teaches you how to trade before giving a wrong conclusion about the subject. Pay attention who you listen to, it might be someone who only wants to missinform you.

Peace.