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Message
1
Posted on 6/12/15 at 11:19 am to Shepherd88
quote:
It's been hard not to of been profitable the past couple years. All you had to do was take a dart and throw it at the board.
Tell that to people long in the energy sector.
Just to show an example where technical analysis could be useful one could plot a company like Oasis Petroleum (OAS) on a chart with crude oil. One might notice that OAS was making new highs above its 2013 in the summer of 2014. Meanwhile crude oil was not making new highs above its 2013 highs. This would be a huge red flag if one owned OAS.
This post was edited on 6/12/15 at 11:26 am
Posted on 6/12/15 at 11:29 am to LSU0358
Fundamentals would have proven oil was over valued as well, just as I mentioned earlier.
However if you would have bought a quality company as Exxon or the like in '09 and rode it down, you still would be profitable.
However if you would have bought a quality company as Exxon or the like in '09 and rode it down, you still would be profitable.
Posted on 6/12/15 at 1:12 pm to Northwestern tiger
I would be doing the same thing--However, can you really time the market?
Do you know how to trade and make money when the market goes down and up?
Have you ever used an asset that is not correlated to the stock market that would give you better growth?
Do you know how to trade and make money when the market goes down and up?
Have you ever used an asset that is not correlated to the stock market that would give you better growth?
Posted on 6/12/15 at 1:48 pm to LSU0358
quote:
Technical analysis can be very useful. It has been very profitable for me the last several years.
Just curious how it's been profitable for you? I think charting can help someone find decent entry/exit points in or out of a security over a short period of time but that's about it.
Posted on 6/13/15 at 2:28 pm to player711
quote:
Have you ever used an asset that is not correlated to the stock market that would give you better growth?
Wouldn't it be easier to just tell everyone up front who you work for and what type of products you sell.
No offense but your posts on these boards scream snake oil salesman
Posted on 6/14/15 at 8:53 am to Shepherd88
quote:
Fundamentals would have proven oil was over valued as well, just as I mentioned earlier.
Fundamentals pointed to an oil market crash as early as Summer 2013.
LINK
In the OPEC monthly report for June 2013 concerns over increased US and Canadian are evident.
Yet oil remained in the $100/bbl range into August 2014.
I'm not saying don't look at fundamentals, as they are very important. But markets can go against fundamentals for months to years. Studying technicals can help keep one out of trouble.
Posted on 6/14/15 at 9:51 am to Thib-a-doe Tiger
quote:
When stock values fall, and those companies keep paying you the same dividends, you are getting more shares than you were when the market was up. Guess what happens when the values come back up?
Just WOW
Posted on 6/14/15 at 10:51 am to LSU0358
Which is exactly my point, markets don't behave rationally. So trying to predict them is foolish.
Technical analysis would have told you to get out of the market a long time ago.
Develop a goal, stick to that goal.
Technical analysis would have told you to get out of the market a long time ago.
Develop a goal, stick to that goal.
This post was edited on 6/14/15 at 12:23 pm
Posted on 6/14/15 at 5:30 pm to Shepherd88
quote:
Technical analysis would have told you to get out of the market a long time ago.
Not really. Looking at SPX and INDU monthly charts there have yet to be any kind of breakdown.
quote:
Develop a goal, stick to that goal.
My goal is to steadily increase my account at above market returns using proper risk management coupled with technical analysis. I've been successful at that goal.
To dismiss a method because you don't use it is not helpful to new traders that read the board and could potentially be good at technical analysis.
Posted on 6/15/15 at 10:16 am to STLhog
quote:Not necessarily as straight-forward as it may seem. Depends on your tax bracket, investment plans, and expectations for market performance
Anything wrong with taking my gains and then buying back in when the market corrects?
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