Re: just lost 40k
If you mean TA for prediction, then yea, its bs.
But if you mean TA for quantitative analysis of +EV entry and exit points as well as a factor in money and risk management, then I suggest you consider your 40K a down payment on what will undoubtably be a very expensive education.
Of course you are obviously very wealthy, to be able to speculate and lose 40K and that not be more than 2.5-5% of your speculative equity, which is of course only 10% or so of your net worth, you can certainly afford to average down.
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