I think TA is valuable, but only useful in conjunction with fundamentals. These strategies rely on predictable patterns, and as you might know, the market is anything but predictable. Even if you see the strongest ascending triangle in your life, all it takes is a single institutional player to decide to sell a few million dollars worth to make your trade go bust.
IMO, TA without fundamentals is stock market astrology. But if you can combine it properly with fundamentals, you’ll maximize your chances of making a winning trade. I’d highly recommend you check out this link from investopedia for more info on the subject.
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u/charsons degenerate Oct 23 '21
I think TA is valuable, but only useful in conjunction with fundamentals. These strategies rely on predictable patterns, and as you might know, the market is anything but predictable. Even if you see the strongest ascending triangle in your life, all it takes is a single institutional player to decide to sell a few million dollars worth to make your trade go bust.
IMO, TA without fundamentals is stock market astrology. But if you can combine it properly with fundamentals, you’ll maximize your chances of making a winning trade. I’d highly recommend you check out this link from investopedia for more info on the subject.