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Re: User-65225 post# 22035

Friday, 05/19/2017 5:17:48 PM

Friday, May 19, 2017 5:17:48 PM

Post# of 346757
I know you use all the tools at your disposal :)

I was posturing a bit to put an end to the debate of using charts vs not using them.

Respectfully, those saying charts are unreliable at any level, are really not using all the tools that can benefit them greatly and shows a lack of willingness to learn about all tools that can assist in maximizing their gains.

In reference to Warren Buffet and his claim that charts are unnecessary, well when you have that kind of money, it's a completely different kind of philosophy. That kind of money is the money that moves and controls the markets, thus no need to consider anything....charts, fundamentals, etc. He single handedly moves the markets regardless of the stock he's invested in. If he touts an investment, it becomes golden.

Not to take anything away from Warren Buffet as he is brilliant and has earned his place as an investment guru. His wealth was originally made in a different era of stock investment, and once enough money was made, that wealth is strong enough to move the markets in any direction, making it easier to discredit charts and be a prophet of a different mentality.

In today's environment, it's a bit harder to exclusively use the Warren Buffet strategy due to algorithms, electronic trading, popular retail trading platforms, and multiple types of trading that weren't as accessible back in the day like options, short positions, trailing stop loss orders, etc.

As has been said, to each his own, whatever floats the boat, agree to disagree, etc.

With regards to AMFE, it's my belief that one can use all tools while trading or just holding, and see great success along the way to building wealth here.

Go AMFE
Respectfully,
Rec