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Re: Fletch post# 730

Friday, 11/03/2017 11:52:20 PM

Friday, November 03, 2017 11:52:20 PM

Post# of 6984
As an engineer you should consider that TA is nonsense. Buffett tried charting years ago and discarded it. The beauty of charting is that anyone can see something in a wiggly pattern while FA is hard, requiring knowledge of many fields: law, accounting, finance, economics, business, math, politics etc. TA makes money for everyone --especially the broker -- except the investor.

I've always suspected that most charting success stories are utter fiction. I know that some are.

With most stocks, especially BA, "The More You Trade, the More You lose." Almost always with quality stocks buy/hold is the better way.

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