Here's what I've learned over many decades of trading. It's so simple.
On any graph where horizontal axis is time and vertical is price, any particular stock or ETF or index whatever never moves in a straight line. This everyone knows, yes?
Instead, movements peak and troughs according to news, events, speculation, etc.
But the peaks and troughs still do coincide. And so a line connecting peaks sometimes is parallel to a line connecting troughs. This alone is so simple and should ring a bell in your mind.
So if you find a stock or ETF or index where this kind of tracking is consistent, hey!
If you're following along here, this is the simplest no-brainer technical strategy in swing trading or day trading. It's like a gold mine right in front of your eyes and fingers.
And if, furthermore, you're rather disciplined and mentally strong, your profits will also be consistent — lose some, win some, but always winning more than losing. Just play the odds.
I'm surprised this isn't as well known or published. It's what I've been doing for decades and has given me over 10% returns every year. Just now another easy 3% gain this morning.
Just wanted to share as discussion. Comments?
[link] [comments] https://www.reddit.com/r/stocks/comments/1614lck/is_anyone_else_doing_the_most_simple_technical/
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