Most books are written by professional writers. You should provide useful information, be specific and recommend the good books to the OP.
i agree but Bulkowski clearly has shown through his research that patterns are 60% successful AT THE MOST : Bulkowski's Blog (thepatternsite.com) from my vast personal experience of patterns they are quite deadly to your health. but you can investigate for your self
how and when to enter, how to exit, how to manage risk, how to manage your capital, how to manage the trade......does that answer your question?
good points mister. many people follow the trading book like the holy bible. the number 60% probably includes only trendy charts. I doubt this very important point is not stated anywhere in the book. If you include all the charts in this world including messy untrendy choppy charts like LYFT, the number might drop to say 10%.
if it helps any, here's the latest fair value estimate, at $63, derived with consensus forward earnings, from Morningstar.
That's a sure way to the poor house. Don't over complicate it. A stock is either trending, up or down, or it's basing/doing nothing. All the rest of "TA" is bullshit.
that is undiluted wisdom also it is either breaking out strongly or weakly...if weak look for a consolidation/reversal; if strong some more continuation. it does this all day long......if you understand this it is just $$$$$$$$$$$$$ trading is amazingly simple......unless you get washed out by the tsunami of bull shit that is otherwise called TA. eliiot wave ....fib, order flow, patterns , Demark.....so much bull
If you are going to lecture about patterns, I suggest you base it on facts. The securities industry started "under the buttonwood tree" .. at Wall and Broad. At that time, and even today, the U.S. was unique in championing private property rights, on which the concepts of securities (stocks AND bonds) were founded. It did not happen in some other country. It happened in the U.S. In that regard, the first books include TA by Edwards and Magee Wyckoff Method Ralph Elliot (Wave) published posthumously by Robert Prechter. Rule Number One of Trading: It won't work if you are confused.