
Thursday, June 27, 2024 4:06:10 PM
2) 70% of all the trading done in the market is done by computers and algorithms and they do NOT speculate. They follow the charts given that the charts will show them where the big money is buying and selling. Simply stated, computers and algorithms are always buyers at support and sellers at resistance. This guarantees you that if you know how to read a chart (determine where support and resistance are), you are guaranteed that big money will be doing what you are doing and that always increases your probabilities/chances of making money.
This may be the biggest bunch of horse pockey that I've seen in awhile.
They trade the same stinikin' shares over and over (HFT) to paint a picture, create an illusion of selling or buying, then they place their bets against retail.
This must be the most inane post that I've seen for a while...
They "place 70% of the trades" by your own declaration.
Simple logic says than anyone who places 70% of the trades can fake it all big time...
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