Post the word of wisdom you learnt from Jow Forums

God bless you for reposting this

thanks, just passing on the message.
hope you find it helpful.

Neat.

he's wrong about TA

Why? What specifically about TA is inaccurate about?

had to re-read the last line thought it said "as real as voodoo or physics"

That it doesn't work and that there are no ML algorithms for that

I wanted to reference and not my own post

Not bad

>deep thoughts from 15 year old me

here's one more gem before i'm off

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TA/MEMELINES/ELLIOT WAVES
What is that?

TA does work, financial markets are different from economic markets. A super market selling soda or water, doesn't hold on to its product so that it can sell it later for a higher price, because everybody is dehydrated and about to die. You are always the buyer and the super market is always the seller.
In financiel markets, everybody is buyer and seller and goods are never consumed. Financial products are always bought or sold to make a profit later on. Nobody buys salad to resell it to the super market a week later. And the salad is eventually eaten or it rots. Nobody eats stocks or crypto's and they don't rot.

In financial markets we speculate on the future. Because we are group animals and don't want to single ourselves out from the herd and want to be accepted, we value highly how other people perceive us. We don't wanna look like fools in our group, so we just go with herd. Certain ideas, perceptions, negativity or positivity circulate in the group. This is called social mood. The social mood determines what we think and what our actions will be. The simple animals that we are we don't have infinite states of optimism and pessimism and we fluctuate between these states. Optimism and pessimism is valuable because it allows us to analyze objects, things, groups, people in a different light, and allows us to form a more in depth analysis. Just like with 1 eye, you could see the world, but with two eyes you perceive depth.

So, the markets reflect our social mood, and therefore follows the same patterns as our social mood. These patterns are fractal in nature, form on different degrees and timeframes. Technical analysis tries to classify these patterns. When one becomes aware of the patterns and the social mood we are subject too we can break free from its grasp. Social mood is everywhere and not only in the markets. It decides if people prefer to see disney fairy tales or horror movies. They decide what our women wear. They decide if we go to war or not. They what policies banks and governments will come up with. They decide what type of president will be elected. They decide how many babies will be conceived, how many people will be employed. Social moods decides how you feel, how you perceive the world, because you are an animal, that follows the herd. History repeats itself because people cannot think for themselves, cannnot think rationaly.

But don't be sad, you're just as retarded as everybody else, and you will go where the world pushes you.

A generation goes, and a generation comes,
but the earth remains forever.

The sun rises, and the sun goes down,
and hastens to the place where it rises.

The wind blows to the south
and goes around to the north;
around and around goes the wind,
and on its circuits the wind returns.

All streams run to the sea,
but the sea is not full;
to the place where the streams flow,
there they flow again.

All things are full of weariness;
a man cannot utter it;
the eye is not satisfied with seeing,
nor the ear filled with hearing.

What has been is what will be,
and what has been done is what will be done,
and there is nothing new under the sun.

Is there a thing of which it is said,
“See, this is new”?
It has been already
in the ages before us.

There is no remembrance of former things,
nor will there be any remembrance
of later things yet to be among those who come after.

>go where the world pushes you

Jokes on you faggot im a NEET

I learned:

BBBBBBBBBBBBBBBBBBBBBBBBRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRAAAAAAAAAAAAAAAAAAAAAaaAAAAAAAPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

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“Now you listen to me, user. You don't blow your money on those comic books, you understand? They don't do you a damned bit of good, and the nudie mags, you're gonna be inheriting mine when you're 16 anyway. Now look, the junk food and the candy just rots your teeth, gives you bad breath, and the girls run like hell. Stay the hell away from buying any rock TV shirts, or hip hop gear, or anything like that. Arcade games, pick out one that you can do, okay? ONE that you can do as opposed to a whole bunch of them that you don't know what the hell you're doing. Techno music just puts a hole in your brain - are, are you listening to me? Look at me when I'm talking to you!"

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If nobody sells, the price can only go up.

The old hodlers of 2011-2013 knew this simple fact. The LINK marines of today were the HODL marines of yesterday. It makes sense: if there are less coins on the market, buying opportunities are more scarce. Many whales are whales now because they simply held. But this sentiment, once widespread in the crypto community, was lost to time as the community grew. Instead, greed and favor for instant gratification has taken its place. Dumb money with a focus on getting rich quick now dominates the market, and many attempt to outsmart one another by selling quick enough to swing the next dip.

And can’t you see that’s exactly what ((they)) want you to do? Frequent buying and selling, swing trading, falling for FUD, capitulating — who does all of this benefit? Whales, exchanges, and institutions that want to buy in cheap. You’re being played.

There is a good reason why “hodl” became a meme.

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How do we fix this? ;_;

Fuck i need to get my shit together. Any recommendations for good books on investing?

Technical Analysis and Stock Market Profits by Schabaker

Funny, the post I read that inspired me to learn more said TA was a meme

Agree with all of this. The reason I have pulled zero money out from crypto is because it's still an emerging market with revolutionary potential and you only get chances like that once in a life time. Might as well see this to its end.

Great post. It seems obvious when you read it - but that's the genius of it.

10/10