Comment by kelseyfrog
3 hours ago
I love technical investors. They're so easy to make money off of. Even the names. It's tarot for men:
Big Black Candle, Big White Candle, Black Body, White Body, Doji, Long-Legged Doji, Dragonfly Doji, Gravestone Doji, Hammer, Hanging Man, Inverted Hammer, Shooting Star, Long Upper Shadow, Long Lower Shadow, Marubozu, Spinning Top, Shaven Head, Shaven Bottom, Bearish Harami, Bullish Harami, Bearish Harami Cross, Bullish Harami Cross, Engulfing Bearish Line, Engulfing Bullish, Bearish 3-Method Formation, Bullish 3-Method Formation, Evening Star, Evening Doji Starv Morning Star, Morning Doji Star, Falling Window, Rising Window, Three black crows, Three White Soldiers, On Neckline, Doji Star, Tweezer Tops, Tweezer Bottoms, Dark Cloud Cover, Piercing Line, Darth Maul, Judas Candle, Island reversal
It's great that people think these are real.
How is money easily made off of adherents to these TA methods?
High frequency trading shops like Jane Street.
Their brokerage dark pools their trades and front runs them.
Frequently they get pump-and-dumped based on some bullshit they read on Reddit.
These people lose money relative to index funds, so even putting money in index funds will let you take advantage of them.
By becoming their counterparty