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The Truth About Technical Analysis
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- เผยแพร่เมื่อ 28 ก.ย. 2021
- A large portion of the investing community thinks technical analysis is astrology. Today we'll come to a DEFINITIVE ANSWER on this widely debated topic.
The Insider Buying Portfolio
/ givebenyourmoney
4 RSI Strategies Backtested
/ 4-simple-rsi-trading-s...
Evidence for technical analysis from the hedge fund industry
papers.ssrn.com/sol3/papers.c...
the sheer fact he managed to put some unblurred PH without getting Age restricted is showing that the man know his stuff !
What is PH full form?The one you were talking about
This is so amazing, we need more woman in the crypto world. 👍🤘📈📈
@@lindajoebert9406wtf dude
@@lindajoebert9406 is it true @benjamin1563 that we need to give gender equality to women??
TH-cam aint got shit on Benjamin
I’ve been training a highly sophisticated bio neural net for 27 years with 10^15 parameters that outputs a risk/reward weighted investment strategy based on advanced selective sentiment analysis and macro economic prediction. In layman’s terms I watch youtube videos about the stock market and make shit up in my head.
ahhahah financial lingo is like this
Send me all your life's work pls, I send you ¥10 and I give you 10% of what I make
"I cut 50% of my losses by turning off my 2nd monitor" - Goals
as long as your bio net runs solomonoff induction I am with you! HAAHAHAHA!
loooooooooool
"Blah blah blah it works"
That's all i need to stroke my bias. I can now feel good about losing money. Thanks Ben. Invalueable info as always.
I was looking for this. Thanks for resuming the vid, bro
@gojo1825 watch the entire video
I'm convinced that anyone who does technical analysis is gay, not that there's anything wrong with it.
Bruh, I straight up DIED when the Harry Potter music started playing, implying that TA is straight up wizardry. This dude's video are top tier
He'll get a heart attack when he finds out about the time series analysis scientific papers
1:42 3/4 parts charts 1/4 porn, that's exactly how I do my refined TA every morning. This guy knows his business
Ejeculation keeps you sharp
@@didxogns1 and ejucation keeps u smart
@@didxogns1 continuous post-nut clarity ✨
His words matched this setup at 1:45 "I wanted to come…“
No offense Ben, but I've gain a lot of practical knowledge from this channel. It feels good to be learnt.
He definitely took offense to that
Please don’t.
I honestly learn more watching these wsb inspired channels than when I tried to study with actual real educational channels.
@@ossi8963 what are some other channels you watch? Benjamin rocks but I wish he posted more
@@anthonymartelli4378 Kamikaze cash is probably only one who is making content often. I don’t even remember other channels names.
This guy's sense of humour is brilliant, truly appreciate it.
I am into trading since 2016 and all i can say is that TA is like playing poker. TA is knowing what are the odds when you are about to open a position, just like playing a hand of poker.
TA is NOT about predicting the future, is about making the most favorable calls. end of story
Well said.
Great way to put it
Exactly.
Exactly
So how do you trade ? With TA or anything else ?
New content from everyone's favourite financial advisor
Edit: I am sorry this trend become another place for annoying people to spam fake traders. Shame on them
“This is financial advice” - Benjamin
Yes! 😂
I was legit gonna say the same thing lmao
I have also been trading with him , The profits are secured and over a 100% return on investment directly sent to your wallet. I am a living testimony of his work
I have heard a lot about investments with Mr Franklin C. Davis and how good he is , please how safe are the profits?
Our Trading OverLord is back guys bow before his magnificent glory
Was gonna say that
*actually gets out of bed to bow*
Are there any channels like Benjamin on TH-cam or is he the only one?
@@jamesmeow3039 he is the chosen one
@@jamesmeow3039 he is the chosen one
6:38 This phenomenon is loosely summed in Goodhart's and Campbell's laws:
"Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes." and
"The more any quantitative social indicator is used for social decision-making, the more subject it will be to corruption pressures and the more apt it will be to distort and corrupt the social processes it is intended to monitor."
you're exactly right, noobs like me trading everyday according to TA is the only thing that makes TA work
complex adaptive system 2: the return of technical analysis
And that is why it does work... big dogs do it too... and that's the ultimate why it works...
It's why reaching even anal-ists price targets is met with resistance... it's met the price target some ass hole said it should get to based on their fundamental appraisal of the company... people are now selling, and not enough dip shits buying... and if it's far from those targets... people keep buying it up on the ask fewer selling on the bid... so it goes up to meet those targets.
It's why swing trading probably works fairly decently.
Just keep in mind fundamentals will always eventually catch up... but waiting for that to happen... you make absolutely nothing at all.
@@jmitterii2Agree 👍
I find it very interesting that Benjamin pays good attention at 1:43 of the markets volatility on the top left computer screen.
As someone who works for one of the “big boys”, this is one of the only decent trading channels on youtube
What other ones do you recommend sharpieman20?
Yo Ik you prob won’t respond because I’m a year late but can you tell me what to invest in rn broski
Long Crypto straddles
Source: trust me bro
That 1:41 that transitioned into "I wanted to come..." at 1:46 was gold sir.
1 pump a day keep the weak hands away.
@@meivenheaven 1 pump? You gotta pump those numbers up. Those are rookie numbers
@@richmondxavieriringan7491 Legendary comment here
The problem with TA is that it creates an expectation of being in control and winning.
The problem is not implementing risk management
@@ryanbrown4851 Agreed
Dude, I watched the market for hours yesterday just to confirm this whole video and i was mind blown by how simple it was..
This is awesome Allen, thanks for confirmation 👍💯
I want to learn before I burn money.
>
Good..... but the problem with this strategy is you never know which is liquidity raid and BOS if we identify currently then its is best strategy
What pairs where you using! because have watch several TH-cam tutorial videos about trading I am still making losses
Seeing a notification for a new video from Benjamin is the best news I've seen today!!
“Mercury in retrograde” got me.
Nah... Jupiter in the East🤣
What if I told you some of that shit actually works in crypto
@@alexeisenhardt9299 This is next level autism
@@johnjohnson3681 lmao ok but gematria and astrology is the reason why I don’t have a real job lol
I’m a stock trader and actually use technical analysis. I don’t use weird patterns that other technical traders use that seem random like “flag patterns”. Instead I use market structure. Knowing what direction the market is going is very important. It gives your trades a higher probability of them being green. Once you’ve figured out structure then all you need is proper risk to reward
how do u identify a correct market structure?
@@ashay5152 Technical analysis.
Stage analysis
flag patterns are mad accurate, it seems most people don't know how to trade them and aren't willing to try
The quality of your videos are amazing. It's enticing to watch whenever it pops up on my recommended and I never feel like I wasted time watching your video because I actually learn something. I appreciate it !
The stock market rally still appears to be in the midst of a normal pullback. I’m looking to remunerate a lump sum into the stock market for the bull run, is this a good time to buy or no? my reserve of $450K is laying waste and I don't know what to do at this point tbh.
Find stocks with market-beating yields and shares that at least keep pace with the market long term. For a successful long-term strategy you have to seek guidance from a financial advisor.
I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Pls who is this coach that guides you? I’m in dire need of one
My consultant is *Sharon Louise Count* She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
Impressive, i’ll most definitely check her out. I buy the idea of employing the services of a Financial Advisor
I will place my entire life's savings on this financial advice. Thank you.
This self deprecating type of comment was funny the first time I saw it. Not the 100th time.
@@deedsofdecapitation7477 since many people haven't ever seen it was your comment really worth writing? nobody cares about what you find funny
I'm guessing it's your first day on youtube, or you truly enjoy seeing the same normie slop comments over and over again. @@covalentbond7933
I prayed four weeks for the next vid to come out and wasn't let down... please never stop this awesomeness
Best way I had Technical Analysis described to me is "it works until it doesn't."
But in all seriousness, TA is ok, but its just a tool.. its not a magic ball to tell the future, what drives a stocks value is a combination of TA, fundamentals and hype.. finding the winners takes understanding and luck..
Luck. Gambling 👍
@@hata6290 not gambling, its simply that as the saying goes the market can be irrational longer then you can stay solvent.
Over time Markets correct to reflect actual value..
I appreciate you & your no bullsh*t approach in what you're doing. keep it up!
For what it's worth, I tried technical analysis for years. The result? Lots of losses. Eventually, I resulted to mostly math to determine my trades and use technical analysis as more of confirmation rather than a signal to entry. I do know people personally who made money from TA alone, however, they are the exception, not the rule. Most people will lose money doing it, so don't quit your day job to go trade for a living.
Read BOOK "Trading for a Living" :p
@@MuhammadKhan-kc8ls why waste more time on something that doesn't work? I already found a method that does lol
how's the method holding up mate? still going strong? i'm just reading comments and learning basic terms, hope to start trading someday in the future@@rcmag13
I love your vids and your honesty +kind of humor. Please give us more of that!
This information came in one ear and went out the other but still a hilarious well edited video. Cheers
It's also important for people to realize that a strategy is more just the type of patterns you use or the indicators you use.
You have the most underrated channel on TH-cam! Love your humour!
The only things I find useful on Technical Analysis are: volume, highest high and lowest low, candle sticks, bid size , ask size, lowest asking price , highest bid price, moving volume average, and ownership. Besides that insider trading is really the driving force.
edit: having high speed connection and close proximity to the servers makes a big difference if the stock is very liquid.
A big difference for what? For your self-coded high-frequency millisecond strategies? Because latencies from Europe to the CME are like 90 msec.
@@jan7356 milliseconds makes a huge difference for traders.
@@rhythmandacoustics And you are an actual trader?
@@jan7356 Search high frequency trading
@@rhythmandacoustics
So you aren't a trader.
Anyway: I have heard about high-frequency trading. This should also become apparent because I wrote above "For your self-coded high-frequency millisecond strategies?"
Let me talk a bit about institutional high-frequency trading: Because I really think it's a misunderstood thing. Because as far as I know, almost all of that is market-making. Market makers provide liquidity to the exchanges, and they get paid to do that. It's not something a retail trader should care about or even worry about. It actually makes the market more tradable by narrowing the bid-ask spread. As a retail trader, 90 msec really doesn't matter (and that's if you sit in Europe trading American markets). It's a fraction of your reaction time, and most markets don't even move a single tick in this period of time, so there is no money to be made (again: prices don't update so quickly in most markets, You can easily check that if this is news for you). No price movement, no opportunity to make money. You also have to at least overcome the bid-ask spread.
Because of that reason, trading on this timeframe is not really profitable for anyone, including hedge funds (and again, you can easily check that if you don't know this already or don't believe me, just watch some markets, they don't move so quickly and without movement, you can't make money). The people who make money in this timeframe are market makers / liquidity providers, that make their money by "making a market." They buy and sell at the same time and are not interested in direction. They make money from the spread.
I think most people think high-frequency trading is this magical super-sophisticated thing that high-tech hedge funds do to "beat" you and everyone else with speed. This is really not true, as you can see (assuming you believe me). Therefore, for all practical purposes, milliseconds DON'T make a huge difference.
And with respect to market makers: They get paid by the exchange for the most part because they provide a service to the exchange (decreasing the spread and increasing liquidity). They are also given certain mass order types by the exchange that don't exist for anyone else. Their hardware is colocalized at the exchange, and the space is provided by the exchanges. They worry about speed, but they get the speed they want because the exchange helps them.
This was great. I hate when people talk about technical analysis and 100's of indicators.
The best thing you can do is learn how price action works. Keep it simple.
Learn S/R levels, momentum, and perhaps Fibonacci as well to confirm your levels.
And no strategy ever works 100% anyways... but you can definitely use price action to make money on a consistent basis.
Investing in the stock market is the best option to make a passive income.
Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.
The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
who would you endorse ? I've been in the shadows for too long
Vivian Klaine Morgan, she is an expert who does the heavy lifting for me, she makes research on stocks, and adds my portfolio with stocks for monthly and yearly earnings.
You have to add to the argument that there are algorithms that do drive the price demand higher or lower specially with citadels high frequency trading for example. They use those algorithms on and off and actuallly drive price action
I love the details you put in your videos and the risk you're taking with some of them!
Guh guys face in the sun made me proper laugh
I've looked through a few almanacs before and even though they might not be 100% accurate on weather predictions, they do always predict that there will be weather. What do I know about patterns? Well, I'm a gardener/ farmer because nobody else wants to be a farmer anymore.
Thanks for feeding the world man. It’s an underappreciated and underpayed industry. My family is made of farmers, and farmers are the hardest working people I know. I like working on the farm, but I know my future isn’t there. Anyways, it’s people like you that keep the world going. Thanks.
The funny thing about technical analysis is that it shouldn't work on a mathematical level, but it can possible work if everyone jumps onto the bandwagon because then it becomes a self fulfilling prophecy. Humans have evolved to spot patterns, even in random sequences of events. It's why roulette tables have a sign showing the previous numbers. However, with stocks if everyone thinks that a "double top" or some other nonsense means something, then all those people will sell or buy accordingly and the market will move in the way those people predicted.
I disagree. Retail traders will never be able to move the market the same way that banks and hedge funds do. All retail traders combined couldn't compete with even the biggest hedge fund. Retail traders will never have the same buying power as banks or hedge funds. It can become a "self-fulfilling prophecy" but it only takes 1 hedge fund to completely wipe everybody out. At the end of the day fundamentals play a huge part. Things don't just move around on the screen because one draws a line and calls it support or resistance. Price isn't moving because you drew a trend line and people think it's trending. A trend line is just a simple tool to help you visualize a trend. But price isn't moving simply because of that, that is just silly. Banks and hedge funds will move the markets based on what they think it's value is simply because they have the money to do it. Trade like a bank and with the bank.
@@Mellow4202assessing market structure, finding imbalances, using support/resistance levels and waiting for liquidity to get swept before you enter a trade
As a retail trader, just follow the Big boys, don’t over-complicated the things. TA is helping you to have the edges to spot their trace, and profitable in the long run (it could be fake sometimes though, but no harm, as long as it was worth the shot to risk it, also they would not fake all the time I believe, else it would be just another recognisable patterns in future)
I've watched all your videos and get so excited when you post new ones now
My general thesis on when to use TA:
- Use FMA to determine where a given asset will be in X amount of time.
- Pray
- Use TA patterns to enter a trade
- Add a hard stop because the market can be an asshole somtimes
- Use TA patterns to take profits (works better then a specific levels most of the time for me)
- Bring up the hard stop to break even (or even better then break even if you're greedy)
- Pray
- Let the remaing assets ride till you can't no more
no, here's what you need. 3 main things
- risk management (each trade should risk only 1-5% of your trading account balance)
- trading psychology (knowledge of mass psychology and strong mental fortitude).
-- technical analysis (price action trading, charts, candlesticks, etc)
in the ratio from top to bottom of 6:3:1.
@@aliazhar3918 Ah yes, the preferable no.
If you have to pray. You're doing it wrong.
@@theforce5191 Nah, pray adds another $1k profit to the trade.
@@underpowerjet well, I'm doing that asap!
Damn, production level getting kinda crazy on these videos. I felt like I was watching Harry Potter teach me ab technical analysis
1:43 benjamin you're gonna get striked lolll
The zoom on the reddit name "TrueDegen720" just had me rolling on the floor. Oh my god man
I think that the only reason why TA works sometimes is because a lot of traders think about the same strategy and get in in the same dip and pump it
Self fulfilling prophecy
Your channel has grown so much. The content is top tier. So, there's no need for a skip ad button.
If youtube channels had parties Benjamin's would be the most fun.
These videos are amazing. I loved the "Well it depends", the patreon and ControlTheNarrative in the center lmao... Genius
I like strategies that are more or less entry signals mixed with proper risk management. My current strat uses simple 9-ema and VWAP crossover mixed with candlesticks..it's it. No specific candlesticks or patterns. Just going with the trend, works for me.
Good to see you are still alive
simple answer: do both statistical and fundamental WHILE MANAGING RISK
easier said than done
I vibes completely with your content and sarcasm. Keep it up! Mad quality content 👍
I was falling asleep then you said "blah blah blah " and I started listening alertly instantly.
I cant bealive frame 1:43 made it past youtube content filtering. 👀👀
"Success is like being pregnant, everyone congratulates you but no one knows how many times you've been f*cked."
Just stay consistent, you'll be successful, I promise you that.
Risk management is literally the key man. You can have a 70% winrate strategy but blow an account with overleverage. Even with a 40% winrate you can be profitable using only 1-3% of your account per position. But people want to get rich quick, this ain't a sprint this a marathon.
"it's not timing the market - it's time in the market" - Elon Buffett
@@WolfeDRtrader Yep. I blew up my account for the third time two weeks ago. I never had a lot of money to start with but god damn do I wish I stopped my degeneracy just once when I was up 100k to let my funds settle so I could withdraw. I went from 3k to 7k to 30k, 45k, 100k, down to 5k then 10k then 40k then 65k back down 3k.
I swear I promise I'll withdraw the money this time once I get this over 25k
I’m very consistent
Consistently losing money :D
-Tom Dante
Always a good time! Keep up the good work!
RSI is an oscillator. It quantifies the probability that the price will return to the average. It works well as it's own system in times when the price moves slowly, usually laterally or slightly bullish. It is then when you make profit by buying at the bottom (RSI < 20) and selling at the top (RSI > 80). The system based solely on RSI will break when there are strong and sudden movements in the price.
I thought this was an intervention for traders who ditch completely fundamental analysis and trade based on imaginary triangles they draw in a stock chart.
I actually follow a class related to this in which the professor basically said that its useful because so many people act on it. So if many others think (because of some TA pattern) price should go up --> they buy --> price goes up.
Yeah, but what about systemic bias reversal?
Dude your a great artist when it comes to making videos
These videos just get better and better! Keep it up
TA does give me pretty clear indicators. And if I zoom the chart in or out slightly, I get precisely the opposite indicators.
That would be a TA indicating the time periods of your trend and when it'll probably change.
This might just be the best stock market channel out there keep up the great work.
This is just a meme channel. Stock market it isn't.
Every vid of yours is a direct dig at me and I love it. Trade for a living and lost basically all of it but still goin despite that, cant take me down.
Mr. Benjamin, hello, it's Fjall. I've watch these too many times, and I'm already rambling at this point. So anyways, I'm listening because your voice is soothing and this is what I fall asleep to.
GN
I am so lucky to be alive and able to watch this guy
The good thing about TA is that in the absence of transparency in the market, one has to rely on something that gives the trader some edge. TA if implemented well gives a good probability of profitability. Unless you expect someone to put money down and roll the dice. I have been using a "combination" of TAs since 2004 and I am pretty happy with my returns. The importance of risk management cannot be overemphasized. Trading involves a whole of things that some people are not willing to take time out to learn.
TA essentially uses price data which is basically market sentiment. TA is the only objective toolset tha uses market segment.
Question is whether these sentiments accurately predicts the future? Answer is no. Whether fundamental analysis predicts the future? Maybe but either it's tool leading and sometimes too lagging to make a profits.
So what else left? Trusting mutual funds or index funds and make money when economy over a decade makes a progress. But what happens when world blows up? Your finance blows up and you can't make use of cash anyway. It makes you an average.
Love this guy. Can we get weekly videos please , I can’t wait a month for a good rofl.
The intro! Haha i love this channel man, LITERALLY
I hear the Evergreen Forest is beautiful this time of year
Yes I think Logan Paul did an incredible video in the woods there right? Lol
@@ceegee4875 joke bubs
Man I have got to say I really enjoy these videos, they always make me feel like an addict that just scored.
Hey...That's a good compliment🤣.
fr it's the same for me
Ben, these videos just make me fucking feel good about shit, always really funny and informative, really nice editing and you jus seem like a sucha sick dude.
Your sound/music is perfect!!! I love the slot machines, the creepy music, the gta!!!
My technical analysis made me lose money for the past couple of weeks. Went from trader to long term investor real fast.
Thank you for this video. I tried explaining exactly this concept to a couple collegues of mine but they never believed me. It's like they have to hear it from an expert before believing it..
Another awesome video - love the fortune teller background music.
As always a real banger! I love your videos! :D
I just fucking love these videos mate, top work
Been waiting so long for this
Been loving the channel and seeing it improve!
Lol this channel is great... awesome video... for me, the only technicals I focus on is the major moving averages from daily overlayed onto intra day charts and then Fibonacci retracements on the daily chart
I think this video might get taken down, look at 1:43 on the top left screen LOL
"Our commitment to trust and safety " haha good one PH
Reminds me of an area of mathematics called Fuzzy Mathematics:
Within this realm, we define "much" as a percentage marker for a number, between it and another number's square. So, we say 10 is much greater than 3, because 10 > 9, and 5 has a ratio of 1/4 of muchness over 3.
Really confusing, and a fun senior project.
That's much of a muchness.
@@jay70328 bored mathematicians really
Something similiar is applied in machine learning, which is commonly used in modern trading systems.
@@videopunk_project3737 yeah. Machine learning only works when the ideal fits reality. Hence a human machine will never exists as we cannot define with precision a human. Shoot we have folks running around in full make believe and believe they can force reality to bend to their will.
Since I started using technical analysis I went from blowing up my account in one month to doing sonin a week, thanks to this video I can keep trying
best 30 second introduction ever. I am stealing that for sure
I think the issue is obviously you shouldn’t use TA as your sole investing strategy. There needs to be more parameters that you consider to find a stock and time to get in. That being said, TA, definitely gives you an edge in PROBABLY predicting where the movement might go. By PROBABLY, I mean it’s never certain, but the indicators will show it’s more likely to behave a certain way. TA does not measure market sentiment, and is very bad at predicting highly unexpected moves, but it lets you use the data to the fullest extent.
So Quants Predict the future with Machine learning algorithms?
@@amorfati4096 I didn’t say that. Quants make extrapolations about the future and estimate where the market may move on a variety of factors. Machine learning is a tool that they use for this.
I think the biggest problem is people treat charts like a control signal like in an engine or steering system, but it's not. It's aggregate human behaviour. It needs analysis from a stochastic point of view
Stochastic is shit as well😂
A. You’re hilarious.
B. Great video quality. Love the noticeable shift. 🙌🏼
I loved the Harry Potter theme as soon as DFV was up. Great content as always.
I'm not sure if this counts as technical analysis but I think statistical analysis + creating mathematical models can work if you have access to lots of data.
Isnt technical analysis its just data analysis 😁
What is statistical analysis?
Tech analysis needs to be used in tandem with confirmation indicators. Much more effective for day trading than investing or swing. Buying the dip on investments is technical analysis too.
Technical analysis is pretty useusful
The book "Mapping the Markets" has an excellent introduction that addresses the divide between fundamental analysis and technical analysis. I've extracted the relevant part below:
Fundamental and technical analysts occupy two camps which are separated by a wide gulf. Few analysts straddle this gulf and what interchange there is between the two camps can be adversarial. Technical analysts are often perceived by economists as having a “mystic” tendency while, from the other side of the divide, fundamental analysts are thought to be detached from the real world as, for example, when just one month before the onset of the 1990 US recession, a group of economists put out a joint statement ruling out any downturn for at least one to three years.Essentially this hostility reflects a lack of understanding about the strengths and weaknesses inherent in both types of analysis. Technical analysis has a good track record in predicting market outcomes, although some of those involved in the financial markets remain unconvinced by the methodology in the mistaken belief that it lacks analytical rigour. Fundamental analysis, however, is useful in gauging what is happening in an economy (and therefore in explaining what is driving the trends that technical analysts are watching), but it has always been slow to pick up turning points. The mutual suspicion between technical and fundamental analysts belies the fact that both forms of analysis are rooted in cycle theory. The business cycle is an integral part of economic analysis, and a belief in the cyclical nature of markets is a central plank of technical analysis. Cycle analysis is, therefore, the interface between fundamental and technical analysis.
1:43 wow, was not expecting that
Are there any other channels like this that give investment advice/memes? Or has Benjamin cornered the market?
There are Martin Shkreli's archived video courses, they're extremely undervalued, many people on professional forums suggested watching him
I had a "quantitative engineer" tell me that technical analysis is 100% legit and 95% of people just do it wrong. But he has an average house and a used BMW. He got all defensive when I asked him for a consistent strategy. Yea it's all BS honestly. The people who can backtest their TA strategies never look at the whole market. They actively search for periods of time in the market where their strategy works and disregard the other 11 months in the year where it didn't work lol.
The market is too random for any strategy to work consistently unfortunately. The way i would look at this is to have a an edge and the way i do that is with technical analysis. May not always work but with risk management and having an edge it will work. Like playing like a Casino
WOW WOW I don't normally comment on videos but this video is great, the amount of effort and creativity is on another level, the monitor with the noporhub page killed me hahaha it was funny and a lot of learning, thanks man. 👍🏽
Benjamin's videos are addictive to watch, we need more content like this 🙏🏿🙏🏿🙏🏿
This was alot of fun not gonna lie. I make money with technical analysis every week but your right it's more complex than simple patterns🤙
it would be an honour to chat with on discord about trading i wanna learn from you
My worthless two cents: I don't use TA to predict the future; I use it to assess my current risk level. If the fear and greed index is high greed, RSI is overbought and putting in bearish divergences, and everyone is talking about the market as the price is chugging toward a resistance level, I'll sideline some profits as a hedge. Additionally, I will hold my monthly DCA for longer if the conditions I mentioned above are present. Usually if you trade crypto, its a safe bet you're going to see a -20% not long after everyone's all euphoric, and having your monthly DCA and profits sidelined for those days makes them fun rather than scary. It's pretty foolproof, and not over reliant on searching for patterns or looking at day to day price action. Overall, my return this past year has beat the market. Not by a ton, about 20%, but by enough to make this strategy worthwhile imo.
RSI works as buy/sell signals but doesn't predict momentum or how is gonna perform the stock in the future so, you have to use more filters or YOU WILL underperform the market.
I really love your channel, Ben - the memes, the comedy, the stonk market puns. I eat it all up!!!🤣🤣🤣
The best advice I can give anyone is to focus on what the chart is showing you, don’t try and create opportunity’s that aren’t there. If something looks obviously bearish, don’t sit, overthink, and create scenarios that it may look bullish to you. You’re tricking yourself and that’ll hurt you.