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Yes. The idea is it's day trading, except you hold for a couple days, not a couple of hours, and you focus 100% on trying to figure out patterns in the stock and ignore all fundamentals. So you completely ignore like, whether the stock is cheap, or whether the company is doing well, and instead try and look for patterns in the stock price. One he mentioned in particular was cup-and-handle; you can see a description here: https://www.investopedia.com/terms/c/cupandhandle.asp The idea is, if you see a stock that slowly declines for a bit, it's possible that at some point it might start to slowly increase for a bit. And further, if it does, it might STOP increasing at the price level it originally started decreasing at. and then decrease for a bit instead. Could this happen? Sure. And if it did happen, and I bought at the bottom of the cup, and then sold at the top of the handle, I'd make money right? Yep. But tons of patterns start by "slowly declining for a bit", how do I know this is a "cup-and-handle" pattern, meaning I should buy, and not one of the ones where it just, you know, keeps declining? You don't. And if the company announced some really bad results, or loses or lawsuit, or something, halfway through the second half of the cup, right after I'd bought, I'd lose a fuck-ton of money? You sure would! And I have no idea which one is which until it's too late? Yep. So if I go around trying to recognise these patterns, will I make money? Oh hell no. It's like coming out ahead playing video poker at a casino; you might win once, but the odds are heavily stacked against you if you keep playing. |