/biz/ - Business & Finance

>>1801213

Both

I also suggest focusing on one industry, getting good at it and then branching out from there. It's better to be autistically good at one thing than to bounce around blindly. Git gud at semiconductors, oil, natural gas, gold, biotech memes etc choose one, learn what makes them move and collapse.

To start with technical analysis just try to detect where trends start and change as that is the one and really only important thing to learn, why shit moves and where it is likely to move. A few days ago I was considering purchasing AMD but looked at some basic technical trends to realize that it was overvalued at the time and to wait, find long term and short term trends to base your decisions on. For example in this case you would prefer to grab AMD nearer to the green line and consider the short term pop with a bit of skepticism and not as a particularly good deal.

Number one most important thing is to be patient, if there's a question or if it's a gamble, wait until it's not one or at least until the odds are in your favor.

>>1793091

I only like technical analysis as a way to look at things completely objectively, fundamentals in the industry or stock in question almost always win out in my experience but it's also really nice if it technically adds up to the same conclusion.

TA and macd for amd for example say to get out right now in anticipation of a short term pullback and that it's not a good time to buy in, it's just a simple way for most people to take what's in their head into information on a chart