/biz/ - Business & Finance

>>56684282
Ok I can't spell. Point still remains.
https://pastebin.com/Vtg1hD2G
There's opportunities in the markets everyday, the problem is people often trade the wrong shit. 98% of stocks are not worth trading on any given day.

>>56638558
Trading, not investing. Buffet only owns like 10 stocks anyways, Apple and Bank of America being amongst the 2 biggest. You're goal isn't to be in ahead of the action and try to predict it, it's only to trade off of the price action and volume. Volume will lead you towards anything worth trading. Most technical analysis is shit if there's not volume behind it, the more eyes watching the stock the more likely technicals will be respected. As traders we're not trying to capture the entirety of a move, just a high probability chunk of it that offers good risk reward / EV (Expected Value) (Basically risk/reward relative to your probability of winning). For instance 10:1 is shit if you have a 5% chance of winning, 1:1 is amazing if you have a 70% chance of winning.
Like on the picture I posted, the goal wasn't to jump in at $0.60 cents the prior day and try to predict the move, it's to take the high probability break out over $1 after it forms a cup and then tightens on the right side with increasing volume. It gives you a high probability trade with a clear risk off area that allows you to manage risk. You can also take the pullback into the 9ema higher up at 1.50, or even take a scalp right before open at 1.72 which I tend to avoid taking trades right into the open.

>>56617702
Verification not sneeded

>>56457920
Pretty much this
The more indicators people slap on their chart, the bigger the tell that they're larping.
Most pros use between 0 - 5 indicators and that's about it. Usually a few moving averages, volume, and or vwap / bollinger bands / macd / rsi; some combo of those. The most important things just being able to read price action and volume.