Originally Posted by
t00nces2
Okay. I know what you are saying, but the charting gives a probability of direction. It gives a framework to maximize the probability of gain and reduce the risk of loss.
The way I looked at it was this, I was spending hours playing a stupid multi player game and doing pretty well. Top 100 player.... For what? Nothing. I decided to put my multi player gaming to work for a purpose that would help me in the future and decided to put the same effort into winning at the stock market I had been putting into the computer game. It is very easy to say, "I don't believe it will work", it is much more difficult to say, "I am going to learn this schitt and I am going to win at this game." All I am doing is letting people I have been acquainted with know that if you put the effort you put into scrapping into learning charting, you can make as much if not more money. If you want to talk more about it one on one, send a PM. I am not selling anything and I really don't care if you decide to try or not. I am just letting people here know I had the same reservations and decided to put my mind to it and do it.... and it has been working for me. The portfolio I had is up 14% in 8 months (probably more as I took the money from the stock account to buy the mobile home)... Way better than the .3% savings accounts offer, and that was my goal, to beat the savings account rate.
just FYI if you would have just plopped all your money into VTI or VTSAX (total market etf/fund) your return over the last 8 months would have been much higher than 14%, with literally zero work. Just buy and hold. It is rare to be able to beat the market as a whole. If you can and have a track record of doing so there are some brokers/fund managers that would pay you millions for your methodology.
VTI/VTSAX 1-year return is around 20%.... and 8 month return (with 8 months ago being in may when it was recoving from corona crash) it would be around 32%
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