| It's like day trading, in that _it's total nonsense._ Reading tea leaves of patterns in charts of 'cup and handle', 'double top', 'flags and pennants' is what your gut tells you. It's astrology, dowsing, EVP -- our brains' amazing ability finding patterns in noise. Once in a while, someone lucks out, or at least enough to turn it into a proselytizing grift. Y'know, like writing and selling a few thousand copies of an Amazon book or making a youtube series (totally something a successful investor would do!) Looks like this guy bought into it -- pity him! > Being frugal, I still wanted to dabble with money-making opportunities at my disposal. > Swing trading was one option, so I tried it. > As a business teacher, I already knew a lot about trading and personal finance. I can't believe these three sentences occurred in sequence. This man is a caricature of a Dunning-Kruger profile. Even a "frugal" "business teacher" succumbs to the lure of magical get-rich-quick thinking! I doubt he would have much pity if his own students indulged in such willful stupidity... So heed exactly zero of his foolish advice -- it's a litany of what not to do in investing. Save for the warning not to pursue this folly. Also note: the hottest version of this scam is in bitcoin: https://uk.tradingview.com/chart/BTCUSD/JwruXpQx-Head-and-sh... |
When it works, it works. Is it gambling? Probably no more so than ISOs.
https://www.reddit.com/r/wallstreetbets/comments/80e7x2/the_... (/r/wallstreetbets | The Big Long - Made $2.5 million in January off $100k options investment)