Mainly thinking about value (buying dollar for 50 cents). I might subconsciously think about support levels. I used to look at technicals, but most of it seemed illogical to me.
Is trading really worth the time and effort?
- Thread starter Addi
- Start date
Mainly thinking about value (buying dollar for 50 cents). I might subconsciously think about support levels. I used to look at technicals, but most of it seemed illogical to me.
It seems like you're more interested in "investing" or long term trading and because of such you're going to need to learn a lot more about the markets that has NOTHING to do with technical analysis. I'm not implying that short-term trading requires technical analysis.
Due to what you said and what my reply was involving long term trading and/or investing...
Technical Analysis shouldn't be on your plate right now.
You will not have the time nor energy to properly study/learn/apply trading while you're in medical school. I highly recommend you approach the markets as an investor and not as a trader due to your obvious busy schedule of medical school especially if you're an intern or in your residency.
Thus, you can do investing now but trading is a completely different beast. I recommend you not get involved in trading until you've finish with medical school or only do start learning about trading when you can devote yourself consistently to it for several months or longer even for long term trading.
Good luck with medical school.
P.S.Trading should be avoided by those that see it as a hobby, curiosity or as a source of extra income. Instead, for these types of folks, put your efforts into investing, savings and reducing your college debt (if your part of the majority of with such debt accumulating) via working your butt off in a job between your academic years and vacations.
Hopefully you're one of the few that's on academic scholarship or parents footing the entire bill.