Day Trading for Dummies is a follow-up to my post titled “How to Read Stock Charts for Dummies.” You see, people have a habit of overcomplicating things that are very simple and easy to understand. I think this gives people an excuse to fail, honestly. I mean, if you make something so complicated that you can’t understand it, then it’s not your fault that you failed, it’s because the subject matter is really difficult, or the task is impossible, right? That’s total B.S.
There’s a great Einstein quote regarding one’s ability to understand and explain something and it goes “If you [...]
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stock charts for dummies
You seem to think chart analysis is a lot more difficult than it really is. Instead of giving it a go on your own, you rely on the wisdom of us brilliant chartists to hand you money-making set-ups on your favorite stocks.
I am here to tell you, friend, that it’s not that difficult to do some basic technical analysis on your own. Let’s take a walk through the basics, shall we?
Connect the Pointy Bits
On a stock chart, you have peaks and troughs. In order to identify the trend of a stock, you simply find these peaks and troughs and connect [...]
