What in trading is actually working?

Beginner Questions
1

Support and resistance, trendlines, RSI & Stochastic Oscillator, Moving Averages (10, 20, 50, 100, 200, etc.) indicators, D1, H4, H1 timeframes and all that. All that stuff. Nothing works. Using Fibonacci, Risk-Reward (regardless of how it is), risks management, psychology mass, trying to anticipate where people are most likely to place their stops or banks and decide to go with or against the crowd. Nothing works. Using candle combinations, patterns, regardless of timeframes. Nothing. You try to approach logically but it simply does not work. Iā€™m afraid we got into something that goes beyond us. Not in a good way. Afraid that we got in something that have no intrinsic solution. Even with probabilities. All we know about trading is bad/useless. We know nothing . These charts can simply take absolutely any form in absolutely any timeline. And simply go against you and wipeout everybody. We really stand no chance.

Thatā€™s why all these graphs, parities, stocks, indices are so beautifully and grandiose displayed everywhere for the regular people to see. Is ā€˜scienceā€™, ā€œmathematicsā€ you knowā€¦ Youā€™re supposed to be intelligent to make graphical speculation, to predict the future. Is ā€˜scienceā€™. Weā€™re too fool peopleā€¦

I wanted to copy-paste a comment I left on a forum I really regret I donā€™t find it. Iā€™ve mentioned a lotnof interesting stuff. Anyway, we stand no chance. Weā€™re outdated. Weā€™ve always been outplayed from the 1st very second.

2

@insane19

If you make no trades at all you are ahead of 90% of retail traders - thatā€™s a strategy that works

3

You can always use my favorite trading tool. I call it my SWAG tool. ā€œSCIENTIFIC WILD ASS GUESSā€ tool.

Cheers

Blackduck.

PS: Price action is the only reliable indicator of where price may be headed. Especially when you are at important support and resistance levels. So pay close attention to what price does at those levels. Itā€™s called understanding liquidity.

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4

If it were literally true that nothing works, then that would mean that 100% of traders lose money. Yet the EU- and UK-based brokers are legally obliged to publish the percentage of their clients who are losing and it typically falls in the 70-80% range. Which of course means that at that moment in time 20-30% of traders are making money.

Although I agree that many of the techniques you listed are needlessly complex and thoughtlessly applied by traders, simple TA techniques plus disciplined money management do work.

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5

It refers to one year, so after one year there are 20% of traders in green, 20% of those monkeys are in green after a second year so it is 4%, another year and we are at 0.8%.
The more you go on the more you get close to 100%, it will never be 100%, even a lottery has one winner.

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