Trading Stocks

[Laodicean60]

If anyone is interested in trading to stay ahead of the money grabbers, this guy explains his technical analysis.

 

[Dikaioumenoi]

Be careful with the salesmen. Remember, they're salesmen first, traders second (if legitimately at all). Salesmen will tell you whatever they have to to get you to purchase or subscribe to something. A lot of these YouTubers fabricate their content. Not saying this guy necessarily does; I'm not familiar with him. But generally if a "trader" is offering something for sale, I stay clear. Even if it's just a TA video with no sales pitch, I don't trust a lot of these guys.

 

[Laodicean60]

Be careful with the salesmen.

I would be careful of what you think is a salesman. I haven't bought his program, but I have learned some valuable information about technical analysis. Think about it, would these guys scam or give false Info when they are trying to advertise their business. Some of these people including this dude is seen on CNBC. There's a thing called paper trading. Peace

 

[honey badger]

its a no brainer that silver will hit 30 and then do a leap to its high of 50 soon .... i hope

 

[Dikaioumenoi]

I would be careful of what you think is a salesman. I haven't bought his program, but I have learned some valuable information about technical analysis. Think about it, would these guys scam or give false Info when they are trying to advertise their business. Some of these people including this dude is seen on CNBC. There's a thing called paper trading. Peace

Oh sure you can learn valuable info about TA. The problem I have with the fact that people want to sell that info though is that the world of trading is plagued with misconceptions fueled by the appeal of wealth. When social media influencers or even TV personalities tell people "we teach you how to do that in our program," it only advances the false premise that you can fast-track your success by giving them your money, as if what they have to offer behind that paywall is any better than what one can learn for free (or a $50 book budget) through their own research and experience. Even if they don't intend to take advantage of people this way, they turn a blind eye to the fact that that's just what the business model does.

I didn't mean to criticize you for sharing his video. Like I said, I'm not familiar with him. He may have great advice; I'll give him a listen. I just generally tune out and don't trust people when I hear "we teach this in our program." It rubs me the wrong way. Just because someone isn't a scammer doesn't mean their business model doesn't take advantage (intentionally or otherwise) of the vulnerable and unaware. I've been trading for 12 years. I know a lot of people who have spent a lot of money on trading programs. I don't know a single consistently profitable trader who would say those purchases are what helped them to succeed.

 

[Laodicean60]

I didn't mean to criticize you for sharing his video. Like I said, I'm not familiar with him.

I'm not offended thank you. I and others appreciate the warning, but I love YouTube because it's free education from Health to finances. I prefer videos because I don't read well ADHD type. Ultimately, it's up to everyone who watches to do research before spending a dime. I won't spend a penny because I'm the type that likes to figure things out which has costed me a dime when it comes to trading which is why I mentioned paper trading. lol

 

[Laodicean60]

 

[Gonzalio]

I mostly stick to long-term positions and only trade when I’ve done enough research. I learned the hard way that chasing quick profits usually ends up costing more.

 

[Gonzalio]

I mostly stick to price action and try to keep things simple—support, resistance, volume, and candlestick patterns. One thing that helped me a lot when I was looking for tips for passing take profit trader evaluation was focusing on risk management and staying consistent with one or two setups instead of chasing everything. I journal my trades, too, just to see what’s working and what’s not.

 

[Laodicean60]

I mostly stick to price action and try to keep things simple—support, resistance, volume, and candlestick patterns. One thing that helped me a lot when I was looking for tips for passing take profit trader evaluation was focusing on risk management and staying consistent with one or two setups instead of chasing everything. I journal my trades, too, just to see what’s working and what’s not.

That is a good idea; similarly, Gareth does this and teaches for those not knowledgeable like you; it is helpful. I am still learning chart patterns because I'm a semi noob. What alerted me to stocks was when my retirement went down in 2022. I wish I had known this stuff during the tech. bubble and the GFC.

I picked up a trade from him, which was lucrative last year.

 

[o_mlly]

I mostly stick to long-term positions and only trade when I’ve done enough research. I learned the hard way that chasing quick profits usually ends up costing more.

Not always.

I was a swing-trader during the 1990's and early 2000's. If one discovers an inefficiency in the market then there is money to be made.

The inefficiency that I traded on (~70% return per year) came to be called "stale pricing" on foreign based mutual funds, mostly Japanese. One could then buy a Japanese mutual fund at 3:55PM (Rydex or Profunds) at an NAV ~ 7 hours old. Looking at the Nikkei 225 futures at the same time predicted a favorable or unfavorable trade. The mutual funds decision to price foreign mutual funds at NAV's not at close but based on futures ended that strategy.