Yesterday, a friend in the community talked about the role of technical indicators. He firmly believed that technical indicators are useful and that one can make money by using technical indicators to determine buying and selling points.

His point of view is that some people have done it, and have achieved great results by judging the market through technical indicators, and thus infer that technical indicators are useful.

My point of view is that technical indicators are completely useless and cannot help you make money, but they can set a discipline for your buying and selling.

In the end, making money is not brought by indicators, but by market conditions. There can be many kinds of disciplines, such as 258 take profit, moving take profit, and moving average stop loss.

In essence, this is a kind of discipline to restrain human nature, rather than making money by judging market trends.

Second, just because people make money using technical indicators does not mean that the technical indicators are useful.

There are two points here:

First: To judge the cause and effect of an event, the most important thing is to have sufficient data samples. Use a large number of data samples to connect the cause and effect relationship of things.

The fact that very few people are successful shows that the data sample is insufficient. Some people win the lottery, some make hundreds or thousands of times more, and some make from 30,000 to 100 million.

Therefore, it is not enough to prove the correctness of the logic.

In the investment market, there are thousands of reasons for success, and luck is the most indispensable.

Second: The fact that only a few people succeed shows that this thing is extremely difficult. Excluding luck, let’s talk about the depth of skills.

If he can do something that most people can't do, then it means it is useless to most people.

If something is useless, it cannot become a methodology for doing things. My opinion is to give up on it.

A brother said, I have been studying the Chaos Theory for 10 years, but still haven’t made any money.

It’s just like playing League of Legends. Some people can reach the top in half a month. He teaches you all his skills and methods, but you just can’t beat him.

His methods and techniques are useless to you. Don't waste your time on things you can't do.

By hoarding coins, arbitrage, and making money off-market, the returns are not bad.

After 2-3 cycles, you will be able to live without having to worry about money at all.

This is something we can do through simple repetition.

Life should be simpler. It is easier to get results by doing simple things.

If you can’t catch up with the goddess, you should give up and find someone else instead of looking for a teacher to learn advanced techniques to pick up girls.

The key to solving the problem will definitely not be found in this issue, so don't waste your time.

The core of making money in trading is mentality, perception of market sentiment, and position management, rather than technical indicators.

The core of making money through arbitrage of coins is to make money off-market and keep making a lot of money. You don’t care about price fluctuations on the market. Wealth is a gift from fate accumulated over time.

The key to chasing a goddess is that you have to be rich, not the seemingly high-end rhetoric skills.

There are several rules in the market:

The market is random in most cases. Because so many people are involved and everyone has different thoughts, the market will present a random state.

The market is nothing more than a reflection of everyone's emotions and thoughts, and technical indicators are lagging judgments.

The stock price may rise after the golden cross, or it may fall immediately after the golden cross. It may fall after the dead cross, or it may rise.

The effectiveness of technical indicators is 50%, which is a typical coin tossing random event. You can use any strategy to simulate transactions based on indicators, and the result is: lose everything. You can write a small program to simulate hundreds of results immediately.

The market is in an absolutely random state for most people, so the final result of most people playing with contracts and trading is an absolute loss.

The market is non-random for a few people in local time and space, and the probability is biased towards them.

Who are these people? They are people who have certain advantages, such as chip advantages, information advantages, and macro-level informed advantages.

Chip advantages, such as the ability to use chips to manipulate contract prices.

Information advantages, such as what coins the exchange will list in advance and which big players want to buy them.

The advantage of macro-information refers to the cyclical law of Bitcoin, which is a bull market every four years. The bull market will definitely come.

The reason you can make money by holding BTC is based on the advantage of macro-information.

The premise for the Earth Dog to make money is that you must have information advantage. Don't underestimate this advantage. In the long run, the probability is biased towards you.

I know that there are diligent people in the market who monitor thousands or tens of thousands of large investors' addresses and follow their moves. This is the method of following the market leader.

It is clear at a glance on the chain, and this is the information advantage.

If you are able to make money, you must know why you can make it, so that the money can be earned steadily.

Therefore, market changes at a certain point in time are non-random for them.

Just with this advantage, they can make a lot of money.

They make money from those who don't have information advantages.

But for those who do not have information advantages, the market is in a random state.

If you don't have any advantages, the market will always act randomly against you.

So what else can you do except lose money?