Is trading still interesting ?

or is covid the main interest currently ? It would be nice to see some charts of indexes posted here, it would be nice if we could cohoperate in order to find the ST and IT direction of the indexes, but I' m afraid that someone might prefer to post the RNA sequence of covid instead. After one billion discussions among pro-vax and no-vax, after evidencing all the smallest aspects of the two different points of view, we have come to conclusion that everyone keeps his own idea and.....friends like before. Maybe time for any graphical input about the indexes ? Do we still want to make money ? Hope so..... 

Edited by andr99, 22 July 2022 - 04:53 PM.

Charts are what already happened. You should not drive forward looking backwards.
To make profitable trades you have to anticipate what's coming in future. I use historical charts of stock indexes only for knowing if stocks are on sale or if I have enough profit to liquidate my holdings.

pdx5, it's not that true that using charts you' re driving forwards looking in the backwards mirror. It's only partly true. A combination between a good indicator, a good pattern recognition skill and a good intuition, added to reasoning skills can make you find the right market path and take money from the market. For sure it's not given for sure as it is empirical, but seven times out of ten it works fine. Spending a lot of time on the sideline and entering only when everything clarifies is also part of the strategy......

 

For example my expectation is that the spx will be at 2600 next year and that is my forecast. I wasn' t able to call the top in November, and you correctly remarked that nobody in this forum did it,  but I think I won' t miss the bottom. Let's see next year if my method has some sense or not........    

Edited by andr99, 23 July 2022 - 01:03 AM.

Ive used charts only with zero fundamental analysis in Cryptocurrency. I am up almost $10k on this most recent run in Ether and during the major bull run I made around $100k in Bitcoin. Ive looked at so many charts that I can tell the price flow and patterns of what should happen next. For stocks I use fundamental and technical analysis. I also couple this with internal and options charts etc. The fundamental analysis I look at as seat belt so to speak. I feel I getting better and better each year even though I am up only 5k this year in my trading account and made around 200k during the Covid run up. Ive learned more from the 5k profit this year. Edit- I would post more charts here but have a tough time doing so for some reason I can only post the links.

Edited by MikeyG, 23 July 2022 - 07:01 AM.

.I would post more charts here but have a tough time doing so for some reason I can only post the links

.

I don't like links. But it's better than nothing I guess.

 

I take a screenshot and save it in paintbrush type apps.

Then you can upload that image to https://postimages.org/

Simply click the green picture icon and paste it into that window.

It's free to use https://postimages.org/

 

Like this:

Edited by Rogerdodger, 23 July 2022 - 04:44 PM.

pdx5, it's not that true that using charts you' re driving forwards looking in the backwards mirror. It's only partly true. A combination between a good indicator, a good pattern recognition skill and a good intuition, added to reasoning skills can make you find the right market path and take money from the market. For sure it's not given for sure as it is empirical, but seven times out of ten it works fine. Spending a lot of time on the sideline and entering only when everything clarifies is also part of the strategy......

 

For example my expectation is that the spx will be at 2600 next year and that is my forecast. I wasn' t able to call the top in November, and you correctly remarked that nobody in this forum did it,  but I think I won' t miss the bottom. Let's see next year if my method has some sense or not........    

"but I think I won' t miss the bottom."....u did ....was in june

 

pdx5, it's not that true that using charts you' re driving forwards looking in the backwards mirror. It's only partly true. A combination between a good indicator, a good pattern recognition skill and a good intuition, added to reasoning skills can make you find the right market path and take money from the market. For sure it's not given for sure as it is empirical, but seven times out of ten it works fine. Spending a lot of time on the sideline and entering only when everything clarifies is also part of the strategy......

 

For example my expectation is that the spx will be at 2600 next year and that is my forecast. I wasn' t able to call the top in November, and you correctly remarked that nobody in this forum did it,  but I think I won' t miss the bottom. Let's see next year if my method has some sense or not........    

"but I think I won' t miss the bottom."....u did ....was in june

 

 

I trade the stocks of the Milan index and the bottom is yet to come and far away in time and price.  However mark this please......I guess the spx will get to 2600 next year. Let' s see how wrong I am.....