If I see any more technical analysis advice...

I'm going to lose my damn mind. Using patterns to trade is not a legitimate strategy for retail investors. Before someone says "well if everyone believes the pattern it can be a self fulfilling proficy," please have some humility. Billy bob eyeballing a Robinhood chart and comparing it to a coffee mug is NO MATCH for MIT data scientists with fabulous data sets, institutional funding, and machine learning.

Have some humility and just buy and hold.

EDIT: To those who agree with me, I'm glad you see my perspective. To those who are resistant, I'm sure if blah blah crosses a blah blah range, it may break your resistance.

submitted by /u/1accountusername
[link] [comments] https://www.reddit.com/r/stocks/comments/16939xw/if_i_see_any_more_technical_analysis_advice/
Creato 1y | 4 set 2023, 05:50:13


Accedi per aggiungere un commento

Altri post in questo gruppo

Rate My Portfolio - r/Stocks Quarterly Thread September 2023

Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.

Why quarterly? Public comp

21 ott 2023, 01:20:16 | reddit stocks
Tax planning when selling one stock to buy another stock?

When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to

18 ott 2023, 06:20:11 | reddit stocks
Retirement Planning's-3 stocks could help power your investment portfolio and make you wealthier by retirement.

Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec

18 ott 2023, 01:51:00 | reddit stocks
r/Stocks Daily Discussion Monday - Oct 16, 2023

These daily discussions run from Monday to Friday including during our themed posts.

Some helpful links:

18 ott 2023, 01:50:58 | reddit stocks
Discovery Financial Services (DFS). Any good ?

I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co

18 ott 2023, 01:50:56 | reddit stocks
Tax implications of selling one etf for a dividend etf?

Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g

18 ott 2023, 01:50:53 | reddit stocks
Crocs Stock Analysis (CROX)

Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate

18 ott 2023, 01:50:51 | reddit stocks