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.
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
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.