Rennova Health Inc (RNVA)

[bar1080]

TA Advantage: "it’s easy to explain to idiots"

"Technical analysis is easy to sell to idiots. No matter the stock, you can usually find a combination of “technical analysis indicators” that would have been true over a given period of time. This makes trading look trivial: just follow a few rules and that’s it, you’ll beat the market. Stock falls below its 200-day moving average? Sell. RSI is too low? Buy. A triangle is forming? If it breaks out of it on the upper side, buy, down side, sell!

As long as you can click a button, you can apply technical analysis. Of course, it doesn’t really work like that. All of this and I still haven’t come to the real reason why Technical Analysis is 100% bullshit.

"In my entire life, I have never, ever met a single trader who beat the market on a risk-adjusted basis for an extended period of time using technical analysis.

Never, ever, ever, EVER. I can’t name you a single person and, trust me, I have met a lot of people who trade."

https://www.fscomeau.com/why-technical-analysis-is-bullshit/