Thank you for the reply sir.
I have been doing what you have mentioned. I have been looking at many ideas and not concentrating on just a few stocks, and I have been following strict stop loss, using GTT feature for this, so I would not even know if a stock is falling until it hits the stop loss, and I have also been for the most part not getting into illiquid names.
Is it possible to look at pure technical analysis and trade? Even Mark Minernivi talks about earnings. So is it possible to trade just basing on charts, with all the aforementioned things in place. Or the element of minimal knowledge about the businesses has to be a part of such trading.
If it is possible, where can one start? Is there a difference between learning technical analysis to have some general idea and use it for investing or some discretionary trading, and learning technical analysis to make an activity out of it? Does a different way of learning exist if one were to do trading based on technical analysis? Or it is the same, despite the purposes, the tools are the same, usages are different, so learn about the tools, practice and it takes a form and shape as time progresses?
Thank you.
| Subscribe To Our Free Newsletter |
