dmedin

Wtf is this?

JD Sports has pooped out, it is more of an option for buying and holding right now. Like VMware, but for a different reason (good long-term prospects versus inevitable rise after enormous fall, regression to the mean type thing).

I should really have made my other post here, thanks for reminding us to look at charts instead of being hammered by sh!tty manipulative 'news' stories.

@Caseynotes You've done a good thing by reminding us to overlook the naysayers and look at the underlining up trend in the Wall Street index. Thank you.

I did this morning as the hourly chart showed it dropping, but I'm back in.

VMware looked a good buy on a March 2020 future as it fell a lot and seemed to be rebounding.

I'm spread out over multiple things, overtrading again. Can't help myself.

Today: long on Apple.

Still paying mine off, 15 years later Some people think it was wasted on me but I think it put the spirit of seeking knowledge in me ... plus, economics and econometrics were both quite similar to charting and finding trends

Apropos of Trump making the Chinese 'play by the rules' ROFL, here is Sh!t for brains trampling over the Fed's supposed neutrality yet again. If the Donald wasn't a billionaire he wouldn't get away with any of this. https://uk.finance.yahoo.com/news/trump-calls-zero-negative-interest-105815945.html

Nothing they say can be trusted.

Good luck with those 'tight stops' getting taken out over and over and over again 😉

I've lost a lot recently, and would have bet more on JD (£5 or more if I had enough) because that breakout was very significant.

Why not pick a 'slow moving' target and hold on to it for a while? It made a new high. Dow Theory and sh!t. The only 'advantage' to trading on minute charts is you lose your money much faster. I'm telling you, the only people who don't lose f*kloads of money are the ones who sit and do 'analysis' all day and never actually place a trade. Because 99 out of 100 times you will get stopped out and lose your money, it's designed that way. I'm sure this is one of the reasons why it's illegal in the USA because they recognize it for what it is.

Just because somebody looks at a chart before buying or selling a stock doesn't make them a chartist. That's another one of the many logical fallacies made by the proponents of TA. Markets aren't random, that doesn't mean you can predict them correctly using charts ... It's not one or the other. It's clear to me that the claims for TA are grossly exaggerated and you really need to be a full-time professional with deep knowledge of the markets you're trading on to even have a chance of doing well at this.

Watch JD Sports tomorrow morning - it will stop, reverse and fall back below 660 and give me a loss. Guaran-fecking-teed. TA my backside ...

Trading is just a less pretentious form of gambling I suppose. SB is the utter dregs ... getting stopped out again and again and again and again. You'd think only desperate and brain damaged people would keep doing this to themselves.

If TA can't help to make profitable trades then it's a total f*king waste of time ... I'd rather waste money on hookers and booze.

Just lost more than £20 on a sudden reversal on brent crude. Total mug's game, but I keep coming back day after day to get sh*fted

This was my breakout today - been watching it for ages and lost money shorting it not so long ago. If I was in a better mood I would have done £5 per point.

I'm behind ...🙈

This gets to a fundamental point in whether TA is worth bothering about or not. If you are not following what is an obvious trend according to the indicators provided by TA, what use is TA? This is not aimed at you personally, but do people realize how ridiculous they sound when they say things like 'a trend is a trend until it isn't'? So what is the answer - trade in the opposite direction to a trend? Good luck. Most people seem to be happy to post charts of patterns AFTER they have completed ... do these people actually trade or are they bullsh!t artists? No wonder TA has no credibility among serious investors ...

I guess I was wrong about that. Dumbarse

They are a secretive bunch of cave dwellers, because the only people I see on the web who say it 'works' are people selling you access to their courses and videos and books. I.e. bullsh!t artists!