A short YouTube video (Kardec Trader, Mar 28, 2023) arguing that simply piling on technical indicators (200/100/50-day MAs, MACD, RSI, EMAs, stochastics) won't make traders rich. The speaker recounts a 2013 Instagram chart overloaded with lines, criticizes traders' reliance on indicator crossovers as if large hedge funds use them, and emphasizes that 'big money' institutions and auction dynamics drive price moves.
If you look at my chart, if you look at my chart in 2013, probably on my Instagram, my chart had so much lines where you couldn't even see the price action. I had the 200 day moving average, 50 day moving average, 100 day moving average. People are just lazy. People just want indicators. And the macd, when the MACD crosses and it turns this, all I have to do is buy or sell. You really think that there's hedge funds worth billions and billions of dollars? They're sitting there and they're like, hey, Joe, sell. Sell that stock. RSI. No, bro. It's like, what? Three different EMAs cross, the stochastics cross. It just doesn't make sense. What's M.O. the money. Big money's moving it. You got big institutions moving money. When are they buying? When they're selling. It's an auction.
