Are Technical analysts idiots?

[rajeshn2007]

All the good TA guys in the forum and the self proclaimed ones have taken pain to answer this rather stupid question... thus vindicating the statement .

if anyone thought this question was so stupid enough, why would anyone take so much pain. they could have just skipped it..

 

[karthikmarar]

The Answer is in my post itself, my friend.....

 

[aca_trader]

All the good TA guys in the forum and the self proclaimed ones have taken pain to answer this rather stupid question... thus vindicating the statement .

Karthik does not count me a Good TA Guy.

 

[uasish]

Karthik,
Ashish has used just 2 .

Asish

 

[rajaram.dilipkumar]

Yes, he has proven what one can do, by not-following -technical -analysis

On 25th of July when most of the technical analysts and fundamental analysts were busy giving buy calls there were only 2 guys in this forum who warned about the impending trend change in the thread "warning signs" by sunil .
while one person used TA tools the other used FA tools. This shows that how effectively we use the tool(FA or TA) is more important than what tool we use .For e.g. find enc. chart of RCOM which beautifully showed that trend is about to change....infact i cant count the number of charts which warned about this correction but again it is down to how effectively we use the FA or TA tools which is the bottomline.
To me traderji is easily the best forum in india for TAs and this title can be reserved for other TA forums .
To end
Not all TAs are idiots and
not all FAs are genuises

 

[rajeshn2007]

Benjamin Graham

The one principle that applies to nearly all these so-called technical approaches is that one should buy because a stock or the market has gone up and one should sell because it has declined. This is the exact opposite of sound business sense everywhere else, and it is most unlikely that it can lead to lasting success in Wall Street. In our own stock market experience and observation, extending over 50 years, we have not known a single person who has consistently or lastingly made money by thus following the market. We do not hesitate to declare that this approach is as fallacious as it is popular.

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.

Stocks will fluctuate substantially in value. For a true investor, the only significant meaning of price fluctuations is that they offer ... an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.

 

[bikashkumar11]

dear rajesh,
..............topic is very controversial......still i shall answer
................................................................................
u have not seen a single ta in life.
what u have heard ......some marketing guy.
very few people have professional degree in india..in ta.
perhaps...story of akbar..birbal...doctor..and openion..r not out of context.
..............................................................
i have guided...8/9 chaps...all of them r pro[basically dealer and rm...also presently job as ta]
...they never say ...call or approach is wrong
...also i try to guide...another 6...whom within ..3lecture..frequency not matching..may be i dont suit them...so my view ...they dont have patience..controversial
................................................
i came in touch with basic of ta.....1991..volume and price analysis
i can not understand to implement it ..lack of data..lack of digestion capacity
...i personally feel ..the basic grasp takes 2yr[geniuses disagree]
..so with computer..data..metastock..some book..i try to learn from 2001..
next year cbot..helps to improve my idea...no till dt i dont have degree, though i plan to take mta...market technical association.
.....in india..i found quack..in calcutta..in 2002..that buy x..if price ...luckily....it take 1hr to understand ..a quack,...so i understand its no so easy...martin pring ..books r best ...in ta
........so i joined www.tradingmarkets.com
luckily they teach real staff...within 2002 i know basic of ta
..advantage of computer is that u can learn...
so within..1yr...2003..cost of learning comeback many fold ...coursey...bullish sentiment
...................................
later i have taken some idea from sandeep patil.angel..yes i attended his course.
to know what may work..
by one of my friend...an ewt...helps me to form openion........
but other part ..applying ta...probability of happening something....and price is supreme...
i learned...from trial and error ...by giving loss in market
.....here cv,the great soul...and traderji..both really help me a lot...regarding applied field
kartik has done..good work on macd
.........for short term ..read david landry...swing trade
.....................................................
to understand ta..also read all works of william..a real trader
.....................
so answer is real ta knows a lot,..but rarely u could see them,...ordinary marketing guy..come to sell product[to take ur money,giving share...on behalf of broker....understand its his bread earning system]
....it takes nearly 6yr to total grasp on subject...yet many a time u shall be humble by market...to guess rightside of chart is not that easy....
.......nobody can learn swimming by reading good books...forget winning championship.
...come in water...have survivalskill...time is a great teacher...
in india...blb and bse teaches basic ta..by that u can get some dealer/call giver job.
...never play ..with that knowledge in market...its rudimentary..
i know as after that training ...boys come to learn..
..to make money...more imp is risk analysis and money management...hold winner and dump loser.
............
hope it clarify
[i am a firm believer in ta]

you are one of the laziest guy that i have ever seen, why you have so many .... that u have deled those that you think people will learn from them..or u will reveal your system. i guess you are also one of the snake charmer who sell the technical ideas. the thread starter is right .. all traditional Ta practitioner are idiots. Smart trade would also agree that he said in the past Time and again that to be successful in trading you need to understand something beyond technical. he would not let it out as he would say that knowledge is very subjective. it differs with individual.

 

[whisky]

Guys, definition of Idiot got changed in the minds of common people after seeing the movies "3 Idiots" and Technical Analysts are smartly following that.:lol:

 

[Mr.G]

On 25th of July when most of the technical analysts and fundamental analysts were busy giving buy calls there were only 2 guys in this forum who warned about the impending trend change in the thread "warning signs" by sunil .
while one person used TA tools the other used FA tools. This shows that how effectively we use the tool(FA or TA) is more important than what tool we use .For e.g. find enc. chart of RCOM which beautifully showed that trend is about to change....infact i cant count the number of charts which warned about this correction but again it is down to how effectively we use the FA or TA tools which is the bottomline.
To me traderji is easily the best forum in india for TAs and this title can be reserved for other TA forums .
To end
Not all TAs are idiots and
not all FAs are genuises

I approve this comment.:thumb:

 

[Rish]

Whether FA or TA analysis, we should make money, otherwise definitely we are idiots.

Doing FA and TA and giving advice is easiest job in this business, taking trade and making money we should have guts to take position............

So, forget FA or TA, try to understand and make money.

We are not going to run any company here, we are here to make money.... very simple......