I didn’t ask how you would have traded AAPL. Looking at Apples chart yesterday, is it constructed randomly or did it carry a precise intended message?
Random, certainly from my perspective.. Just as indicies fell off after China cut meeting short, but no doubt some day trader's made some money on that news...if nimble enough
Thank you, unless you are an Omniscient God, it was constructed randomly. These people are seeing human figurines in inkblots. They’re seeing animals in the clouds. The longer you zoom out, the more signal you get. The less frequently you look at it, the more clarity you get. Data worshippers don’t get(understand)....data.
I am always learning. But do agree lot of random stuff around for sure! Never found technical S/R useful , but some do!
The traders that made money off that news were lucky to make money off that news. They should not attribute those profits to skill. Why!? Right place, right time. But don’t tell them that, they realllly want to believe it’s because they’re smart.
Fair enough - it's not for everyone & certainly there are plenty of ways to do well without using chart patterns. Traders that do exceptionally well pin most of their success on their $ mgmt & mind set anyway. Entry signals are way over rated anyway - the exits are far more important.
Just because they say it, does not mean it is because of those skills. Ofc they won’t just tell you it’s more luck than skill; ego. Success in trading is not about money management and not about profit. It’s about survivability. Think deeper. Survive long enough and you may experience the fortunes that luck brings to your door. And a hedge, in case luck never arrives.