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I trade quarters and my time horizon is typically 0-14 days (including intraday). But again, we all have different styles. Some people are “hobbyists” and others are more profit oriented. I think if you’re looking to make money in the markets you may want to focus on the latter (profit oriented)...

That is also true for coinflips and buy & hold…

I hear what you’re saying but practice does not make perfect. Perfect practice makes perfect. If your hit rate is not above 50% why are you advocating for a style that does worse than a coin flip?

If technicals add negative value (by subtracting from a random 50/50), why use them at all?

So you’d rather guess what’s going on with the stock price instead? I’ve not seen a “technical analyst” with a hit rate above 50%, which means they underperform random guesses. Why would you believe in a system that underperforms like that? Anyway that’s fine. Personally, I’ve come realize...

I don’t think you understand what fundamental analysis actually is. Estimates of future cash flows, the discount rate, and long term growth, are constantly changing.

That guys win rate is less than 50% which means he probably could improve his pnl if he flipped a coin instead of used “price action”. My hit rate is 65%… only add things to your process that increase your hit rate, or it’s a waste of time.

Lol what battles are you talking about? Anyway it sounds like you want to believe in technicals. Best of luck with your trading.

This is a great question and you're on the right path (but using trendlines is still garbage). Generally speaking, as a trader I want to focus on areas (companies and sectors) I can develop an edge in. If I can't develop an edge then I need a great source of info. Personally, I do not believe in...

@themickey Ugh this is a microcap AND complex share structure (ADR, aussie, etc.). Not a fan of analyzing these types but here's how I'd approach it: Step 1: understand the biz. Read the MRY 10-k to learn this. Key items: Company is in "development" so they don't have any actual sales as of...

If you're actually interested I'll show you. Give me a real ticker. :-)

How does that work if you’re selling when a stock hits its trend line? Don’t you see how arbitrary that is?

Ever heard of an s-1 or guidance? o_O The only stocks without “fundamentals” are scammy penny stocks…

Let me introduce you to suntrader, a chartist who likes to make fun of “funnymentals”. :rolleyes:

Do you know? For example, I know that my hit rate is 65%… because I look at my trades and calculate win/loss (absolute pnl).

You draw the trend line and then if a stock breaks it you exit? Have you consistently beaten the S&P? Because missing out on stocks “breaking out” means you’re likely stuck with an inferior bag…

Don’t try to “day trade”. Be hyper focused on uncovering opportunities regardless of the timeframe. For example, if you understand options, it might be a good idea to explore 0dte and how they interact with the broader market. More specifically, are there “anomalies” you can take advantage of?

What’s your hit rate?

Ty. My claim is that trendlines don't work. If it does, why aren't the wealthiest and most successful traders using them? You can similarly make a claim about astrology predicting stocks, but just because no one wants to waste their time proving they don't, doesn't make your hypothesis any more...

None of this stuff really impacts retail. On the +ve side, it means you pay smaller commissions. It does impact large investors (institutional investors). A stocks market is made up of supply and demand. Here's a simplified overview: On your screens, you can see the aggregate "lit" supply and...