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JJ8

12/05/21 2:58 PM

#58019 RE: Chartmaster #58018

Regardless of what people think and say, there is no doubt knowing well how to use charts intelligently can help. It's like making gasoline out of petroleum.

Chart patterns reveal crowd behavior. Trendlines, gaps, and other chart patterns actually reflect crowd behavior. Understanding of how the crowd will behave is facilitated by reading the charts for opportunities. Mass behavior is more primitive than individual behavior. Understanding how crowds behave, then you can profit from their mood swings and avoid being swept in their emotions.

However, there is more to trading- Good money Management. This essential aspect of successful trading is neglected by most amateurs. Apparently you have been able to practice it. Not all trades can be successful. Even if you may have a brilliant trading skill, if your money management is bad, then a short string of losses will destroy your account. Without discipline and ability to navigate between extreme emotions in a cool, calm, and collected (I call it CC&C) manner.

Successful trading includes psychology, market analysis and trading systems, and, good money management.

Also, ability to managing your emotions as a trader is important. Being in control of your instincts of greed and fear comes into play.

You are looking good based on what you stated.

We are watching. More power to you.

XFundManager

12/05/21 4:24 PM

#58020 RE: Chartmaster #58018

Proof that Technical Analysis doesn't work



If Technical Analysis is working, why is not possible to program a bot to do it automatically?

The bot will be much faster than any human, will not make any numeric error, will not fail due emotions, will work 24/7 and also could analyse thousands of markets at the same time. And will be easy to develop! the rules for Technical Analysis are very simple.