Change My Mind – All Reddit Stocks Can Be Explained Through Simple TA. In-fact, every ticker can be.
I’ve been trading for 2 years in September, which I know to most, isn’t a lot, but hear me out. Instead of trading like a bunch of morons and just jumping on whatever is the latest hype, I spent my first year looking at about every single strat/theory/science behind trading there is. The first guy I discovered said TA was the only way, and noone else learns TA like how he teaches it. I learnt his basic lessons for a while, but then after searching around, it was apparent noone else traded like this, so I went down the conventional route of looking at strats/indicators/T.Sykes etc. Either way, I was completely obsessed and wanted to learn everything. From candlesticks, fib, MACD, RSI to, gap and go, breakout/momentum strats, pullbacks, all your standard TA crap, literally all of it. I had 12 months where I used my savings to support myself and to trade with, and my results weren’t terrible compared to half of the posts you see on here, but it wasn’t great. Some days, I’d be up, some days I’d be down. I just felt like I had no clue why or what I was doing, but I was pre-market scanning, doing some charting (but not much tbh), checking reddit, and really trying out all the official strats I bought/discovered online. Despite this, I just felt like I was gambling; sometimes it worked out, other times it didn’t, despite my best efforts to remain disciplined and focused.
SO, cut to my second year of trading, I wanted to get back to the first online guru who’s style resonated with me, as I wanted to give their methods another go. After thoroughly going through their courses, after compleing his latest one, I finally believe I have an actual edge. That edge is, understanding how the markets work, and at what points they go up or down and WHY. It really was true what I first learnt, true TA is the only method that works. I am writing this post to try broaden your eyes to the world of trading, and understand that monkey doesn’t just see a stock and like it, then it goes up when everyone else jumps on it. Stocks/Fx/Crypt/anything goes up and down at precise moments, due to their technicals. Always, always, always, it’s the technicals. It took me all of my 2nd year to find that out and I want to share that with you. News has no impact. Reddit has no impact. Apes liking the stock has no impact. I know this because I’ve seen countless stocks pop off with no news, no retail volume, or no real reason. Similarly, I’ve seen countless tickers/coins get great news and do you know what happens? Nothing, or sometimes, it even goes down. Why? Because the technicals weren’t there to allow it. So, if there’s one thing to take away from this, is that you should try and understand TA, then you’ll never need to worry about your pay. No holding and praying the price to go up. No egging others on to buy/sell. No acting like morons on reddit. Just straight up, okay, I see this, I will long here, sell there, short here to here, enter again here, and so on. You will have infinitely more success and it is something that changed my whole life, let alone my perspective on trading or my bank accoumt. So please, just look into it! With that, https://www.youtube.com/watch?v=nsf42fjilQc …. change my mind.
via r/wallstreetbets https://ift.tt/3qhG8Zq
July 21, 2021 at 02:53PM