In today's era, artificial intelligence is becoming increasingly advanced, beginning to replace more and more jobs. Trading is no exception, transitioning from fundamental analysis to technical analysis and now to quantitative analysis. Recently, there have been news reports about many speculative funds in the domestic A-share market being harvested by quantitative trading; many trading institutions on Wall Street are also spending heavily on developing quantitative trading. So, as ordinary traders, how should we choose?
Technical analysis: It's easy to learn; you can achieve good technical analysis in a few months, or at most one or two years, and become a so-called 'analyst'. You will no longer be confused about the market, and you will clearly understand whether it rises or falls. But you are still far from stable profits. Trading involves risks; if your trading system leads to ten consecutive losses, will you still steadfastly execute it? When you have ten consecutive profits, will you make trades outside your trading system, trades you are not very good at but feel could be profitable? Candlestick patterns are not complicated, but the complexities of human emotions make trading difficult. Technical analysis traders without a good psychological quality are doomed to fail; even without excellent skills, those with good psychological quality can achieve twice the result with half the effort.