Post
Topic
Board Trading Discussion
Re: Are Technical Indicators useless?
by
ChuckBuck
on 23/09/2023, 13:04:57 UTC
I've seen a lot of traders like you spend hours backtesting, messing around with Pine Script on Tradingview, and other things. It's all just an illusion.

Here's what's really going on. You are correct. When you look at facts from the past, it all seems to make sense. This is known as "hindsight bias". But the market doesn't care about your old data or how well-written your scripts are. The market evolves, it's dynamic. Today's winning strategy could be tomorrow's disaster.

But what do you know? There ARE traders in the world who have done well. Not by chasing after the perfect combination of indicators, but by developing a profound understanding of the market, its movements, and its psychology. Stop focused on indicators and start learning about the market in real, tangible ways. Learn about trends and how the market feels, and build a plan from the bottom up. It's not the tools, but the person who uses them.  Roll Eyes Roll Eyes Roll Eyes