Is Technical Analysis a joke??

Discussion in 'Technical Analysis' started by Jdesey, Apr 22, 2020.

  1. I am always listening these guys as I’m always learning something new. It never late to learn.
    As I can state it is good to spent your time to learn. You should filter what you will take, but this will come with your own experience.
     
    #81     Apr 23, 2020
  2. From the resent past. When all experts in early March were telling do not buy the bottom will be much deeper and every day was -1000. Nobody was buying the same story was on 3/23. Finally it turned around and people started to jump on. But big guys bought it before all of you.
    I was going against the market was investing in oversold good stocks with cash.
    Sure I was shorting that time for day trading, but started to have long positions too.
    Big technicals lost about less 20%. Some other lost 80%.
    CCL cruise line f.e. They have money for year to survive and at least will double, triple when they open. SA bought 8% stake from the company. Of course I did not know what was the bottom. What I was doing to analyze the price to buy if it was sinking down I was buying again till we got the bottom. When everybody got what was the bottom you will be trailed by institutions.
     
    #82     Apr 23, 2020
  3. Market skills: technicals, stock/price/etc analysis, intuition.
    If you are perfect in at least one of these 9 of 10 you can use only one you will win.
    I am not therefore I’m utilizing all. However my best one is stock price
    evaluation.
    It you do it right, it does not matter about trend at some point of course.
    Plus I’m doing opposite to market so when it turns opposite I will have an advantage.
     
    Last edited: Apr 23, 2020
    #83     Apr 23, 2020
  4. Nothing ALWAYS works.
     
    #84     Apr 23, 2020
    Nobert and FTDK like this.
  5. Sure, therefore from time to time you have to change the strategy.
     
    #85     Apr 23, 2020
  6. I got oil refineries stock it comes up slowly but surely. It is a shortage of refineries, guess what .
    I’m still not sure when to sell. Folks what is your opinion?
    Everybody buying now, good time to sell or still early.
     
    #86     Apr 23, 2020
  7. https://serc.carleton.edu/sp/mnstep/activities/35562.html
     
    #87     Apr 23, 2020
    1957may10 likes this.
  8. #88     Apr 23, 2020
  9. Son, I guess you missed these years. Me too :)
     
    #89     Apr 23, 2020
  10. DOW strikes 23655 20% all high down twice. Now it comes higher mean will go high.
     
    #90     Apr 23, 2020