As for me being a retail trader, I'm totally ignorant of those concepts, I lack the data, tools and education. The best I can do with my limited resources is my own form of TA which has cost me countless hours of figuring out.
The forest for the trees... Looking at closing volume as somehow significant w/o knowing the closing imbalances that contribute to it and that are exploitable. Volume is not causal.
We don't know the future, we can speculate. 4-5 years ago, lithium stocks were hot, EV, solar panel batteries, drones, electric bicycles, battery powered tools, lawn mowers...... If you bought and held lithium stocks to now, your ass has been completely been reamed out.
Right but if you just bought and held the index that’s better than trying to buy stocks using technical analysis.
There is no lithium index. There's mining indexes, they too have underperfomed. Buying technology index for example, yes, a good result. But my point was, lithium appeared to be nigh on invinsible as a commodity bet for a buy and hold. Oh boy....
I understand that almost half of the traders who comment on my concerns feel that trading carries too many risks. I am honestly only listening to my own opinions rather than finding resources to do what other people say I have to do. If you believe that VWAP, MACD, and Fibonacci are not meaningful, that's totally fine. I would like to take some time to learn most of the major trading tools and strategies myself and apply them to the real-time market to see which ones actually work and for which industries. As for you saying that it has to be ten years to learn how to actually be successful, that is also incorrect, in my opinion. For those that you mentioned, a lot of them are only working part-time, not dedicating time and effort to studying chart patterns and company fundamentals, and being too stubborn about making a change to their current strategy or adapting to market sentiment. If I can manage most of the criteria, there's always the potential to succeed much faster, which is why I train every single weekday.
Hello, I am curious about your opinions about trading stocks. Would you be fine to offer some more in-depth insight on what strategies you mainly rely on? As you have mentioned, technical, volume, asset, and quantitative are all not major components of your investment. Then do you solely rely on sentiment toward industry or company, such as buying AMD (a laggard stock) after NVDA rises, or through other means? Also, you have mentioned global economic exposure, which unfortunately isn't a part on which I would like to focus as of right now, mainly due to the fact that I feel more comfortable sitting at home and watching the chart every occasion, from 8:30 a.m. to 3 p.m. (ET). I feel like trading in international markets involves different time zones and is prone to other local issues that are often more challenging to record by news outlets. When something has already happened, it would be too late for me to perform any sort of action. Or perhaps I misunderstood your opinion. Anyway, I am more than willing to chat with you when you are free.
We use fundamental equity research. For example, if the market implied estimate of AMDs earnings are $100 for next fiscal year, but our analysis points to $120, then we would be long the stock. We also go short where we have a negative expectations gap vs the street. Here’s a link to a detailed post I made on a different forum about what the investment process looks like: https://www.wallstreetoasis.com/for...nd-develop-good-ideas-discretionary-ls-equity
Why dont you post your real name on things like that? You could get a real following like those derivs guys we talk about.