Sir, how should one go about trading without looking at charts?
Just like many investors invest without any help from charts, purely going on with fundamentals, can traders too, trade without charts?
With investing one can hold the stock for years if there is a big fall in share price, in the hope to sell at the purchase price. With trading, comes stop loss, one cannot fear to take loss, nor one can hold exceeding the intended period, to escape loss, as capital is necessary for other trades, and trading with a plan is better.
I am guessing, there existed some participants who were inclined towards shorter time periods, and must have been successful too, before computers came into usage.
Perhaps, you can pick a stock for trading, without looking at its chart, because you have years of experience which reflects while selecting a stock for trading, so you will have some idea as to how the story will unfold. But, you too post many charts, and Hitpicks is technofunda based, Quantamental has indicators incorporated in them. Personally too, I get some sense of what is happening when looking at a chart. I am also coming across posts in VP, where investors are posting charts, and talking about stage analysis, they are incorporating technicals with their fundamentals. So to omit the technical aspect looks hard.
And after buying, following the price through charts, is straight forward, with the chance to observe the price on multiple time frames at the same time, trailing profit too is not tedious, and one even say that price will reflect all the changes, at least, after buying. How could one know without checking charts, that price in going into consolidation, taking a breather, and another leg of journey can start? Just by following the price through numbers?
So, if one were to not include any kind of technical analysis, and rely upon looking at numbers and fundamentals, and want to take trades only for shorter periods of time, for a few weeks to months, how can he do that? Is this even possible, or TA has become a standard, and will only grow, so there is no trading without TA, just like there are no markets without Quants?
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