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by jhghikvhu
535 days ago
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There is something to technical analysis. But you do need to approach it rationally rather than by performing magical rituals. The markets are made of a finite and sometimes very small number of participants that may have their own reasons for buying and selling unrelated to company performance. Figuring out what they will do is the basis. Maybe Bob is looking to sell a lot to free up cash for private jet. Maybe Alice buys every month the same day like clockwork as she gets her paycheck. Maybe Charlie thinks the stock can't go about $50 and will take profits at $49. Maybe Debbie regrets not buying and is likely to fomo buy soon. Probably can't figure this out one by one, but can in aggregate. |
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