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I've been around a few groups of guys back in my trading days who used technical analysis (my own group was more stat arb). A couple guys made a decent living, say $150k/yr, but most didn't survive more than a couple years. It also didn't seem very scalable. I never quite understood the motivation behind why it should work other than how decades ago most trading was done by humans (not algos) and there was some sort of psychology at play. Interesting to find this thread, brings me back to the good ol' days.
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