Replies to post #124957 on DD Support Board and Research Team

[bar1080]

"But it does work." Got any academic study that says that? Yale, Harvard, Stanford, Chicago? Not some Pennyland pamphlet.

[bar1080]

Wall Street LOVES charts because charting encourage rapid trading and any newbie can see SOMETHING in a wiggly line. The reality is, "The More You Trade The More You Lose." Buffett's average holding period is several years.

Charts are especially popular in the realm of scam stocks because they ignore fundamentals ... something pennies never have!

[foxwoodsfan]

I mostly use 3 technical indicators to trade. MACD, RSI, and price by volume. There are others that I use to back check but primarily these 3 will do the job of your trading stock with low volatility. I'm not a heavy trader, I maybe trade 12 stocks a year and that is mostly just to adjust to market trends. Yeah I occasionally throw in on an OTC play but rarely. I have several positions that I just wouldn't even think about touching, they're just there. There are plenty of folks that trade successfully for a living and good for them, it is time consuming and has risk. At the very least I believe that looking at and adjusting your portfolio on a regular basis to remain diversified is smart.