DigiNomad - the worst example for that used to be Motleyfool -
just read this article from back in 2006, I remember reading
this at the time - this author calls TA voodoo and that we are all
'fooling' ourselves ( lol see what I did there?) for trying
to see patterns and drawing trendlines - just a worthless BS
article
TA works, you have all seen it in action over many many years,
that author was an idiot
otherwise I think the best approach if to combine the two:
technicals and fundamentals - for longer term traders - for day
traders and short term trades technicals are fine - but if you are
trying to swing position yourself into a company that you thing has
fantastic fundamentals, then technicals are for your timing your
entry
Posted by DigiNomad on 3rd of May 2024 at 02:24 pm
Yep, I figured out Motley was the worst service very early on. I
cringe now when people send me articles from them suggesting
picks...but try to be nice and simply verify with other
services.
one thing you should do - take the IBD 20 and IDB 50 and track
them in the KISS tables - great way to filter those
I even thought about trying to contact IBD and tell them we have
this universal system that we could throw on their IBD lists that
would greatly benefit their subscribers - but I don't know how to
even go about that
IBD has or used to have this short term swing trade alert
service, I tried it a couple years ago, it really sucked! I
can't remember the cost of it, but their trader sucked ass
Posted by mastermind on 3rd of May 2024 at 01:22 pm
I do trade a lot of IBD stocks and use the KISS tables to guide
me when they are on there. I have gotten several onto the MISC
list, but the IBD 50 changes every week, sometimes chasing
performance, so you have to be selective.
Or use IBD as the
KISS systems heads up
Posted by mastermind on 3rd of May 2024 at 12:30 pm
Or use IBD as the tie breaker.
The evil CANSLIM people that
Posted by DigiNomad on 3rd of May 2024 at 12:32 pm
The evil CANSLIM people that think fundamentals are just as important as technicals and preach a blended approach? Heresy!
Motley
Posted by matt on 3rd of May 2024 at 12:38 pm
DigiNomad - the worst example for that used to be Motleyfool - just read this article from back in 2006, I remember reading this at the time - this author calls TA voodoo and that we are all 'fooling' ourselves ( lol see what I did there?) for trying to see patterns and drawing trendlines - just a worthless BS article
TA works, you have all seen it in action over many many years, that author was an idiot
otherwise I think the best approach if to combine the two: technicals and fundamentals - for longer term traders - for day traders and short term trades technicals are fine - but if you are trying to swing position yourself into a company that you thing has fantastic fundamentals, then technicals are for your timing your entry
https://www.fool.com/investing/value/2006/04/10/technical-analysis-voodoo.aspx
fool.com
Technical Analysis Voodoo | The Motley Fool
You'll find most sensible investors focusing on the fundamentals.
Yep, I figured out Motley
Posted by DigiNomad on 3rd of May 2024 at 02:24 pm
Yep, I figured out Motley was the worst service very early on. I cringe now when people send me articles from them suggesting picks...but try to be nice and simply verify with other services.
IBD, Investors Business Daily? one thing
Posted by matt on 3rd of May 2024 at 12:32 pm
IBD, Investors Business Daily?
one thing you should do - take the IBD 20 and IDB 50 and track them in the KISS tables - great way to filter those
I even thought about trying to contact IBD and tell them we have this universal system that we could throw on their IBD lists that would greatly benefit their subscribers - but I don't know how to even go about that
IBD has or used to have this short term swing trade alert service, I tried it a couple years ago, it really sucked! I can't remember the cost of it, but their trader sucked ass
I do trade a lot
Posted by mastermind on 3rd of May 2024 at 01:22 pm
I do trade a lot of IBD stocks and use the KISS tables to guide me when they are on there. I have gotten several onto the MISC list, but the IBD 50 changes every week, sometimes chasing performance, so you have to be selective.
IBD Live now. Brian Shannon
Posted by DigiNomad on 3rd of May 2024 at 12:33 pm
IBD Live now. Brian Shannon was on this week.