Not everyone can trade based on technical analysis and be profitable since technical analysis is a zero sum game. Saying that people ought to only trade technically is not just wrong it is a reflection of a moral hazard present in this game. Technical traders need suckers to come in and play their game, the more people trading on sentiment the more people who are experts on trading on sentiment are able to take from them. That thats not to say the criticism technical traders bring to fundamental traders is wrong, if you lack knowledge of a companies fundamentals and if you are not interested in exercising your rights as a part owner of a company then maybe you should consider switching strategies.
- Forums
- ASX - By Stock
- breakout?
Not everyone can trade based on technical analysis and be...
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)