Quote from: shinratensei_ on Today at 01:35:01 AM

Quote from: goaldigger on December 14, 2023, 11:34:44 PM

Quote from: shisotsu on December 11, 2023, 12:50:32 PM

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Definitely yes, TA works and I know a lot of traders who are making big money by doing trade and analyzing the price trend. You just have to find the perfect indicators that can tell you when to buy and sell, and you’ll be good.

There is no shortcut in trading, you have to analyze and smart money will not always be there. The moment you trade without any analysis, I consider it as gambling and the risk are high if you’ll do it.

the thing with TA sometime it can be a self fulfilling prophecy which isn't a bad thing since we are trying to make money off the market but sometime also could be wrong because sometime the market can be moving on its own and even getting some manipulation.
but yeah, when there's nothing else to hold on when trading, these TA should be coming in handy, at least it gives the prediction that other people are also doing, and sometime the TA works out just better than just purely speculating.
though in my opinion i would never rely too much on these kind of analysis and would instead see whether there are good news or not in the market thats gonna be coming out and whether there are some rumours, after all, i prefer to depend on my own insight on whether some certain coin gonna be rising or not based on the real thing thats happening around the world.
this method also saves me from losing too much on USTC collapse as well.

TA wont really be giving out that assurance for you to be able to predict on where prices could go on which just like on what most people been saying on here or simply we do know that there's no such thing about guarantees because market is really that way too unpredictable and there's no way that we could really be able to know on where the market would really be going on which means that no matter how good your TA
is, it doesnt really give out assurance that it would be making a good price analysis. Some might be seeing this to be a complete trash or something not to be relevant but sooner or later they would really be able to see
on how good on making use these tools on trying out to make some patterns on which it do at least giving out that kind of idea on where market could possibly go.

Does TA work? You would say yes if it does give profits and no when it do ends up on being a loss. So it would really be that depend but totally learning TA would be
your best approach on which on the time that you do choose on making yourself on doing trading. You would sooner find its relevance because you cant just make trades
on having that pin pointing kind of selection whether you should buy or sell.