>>>>>>For me at least it's proved a lot less time consuming than endlessly reading SEC reports, research reports, and news releases, as well as listening to conference calls.<<<<<
Your post addresses two types of investing strategy....T/A and Fundamental Analysis, and I tend to agree with your statement regarding time consumption. However, there periodically arises a third strategy IMO which must be recognized if one is to invest profitably, and that is the need to be able to successfully discern and interpret a market which is driven primarily by irrational psychological reactions which seem to overpower the outcome of cool rational analysis of the fundamental aspects which should govern the market's response. It becomes an almost impossible task for most to navigate such troubled waters.
My rant is directed at those entities who deliberately attempt to instill disorientation and fear into the market participants to the degree that such "irratioinal" markets rule the day for a time sufficient to allow such manipulators to reap their profits from the resulting turmoil....mostly at the expense of the lemmings.
It is for this reason that I commend the dabum3 T/A strategies which apparently are capable of yielding a reasonable profit, ignoring all the turmoil created by such irrascible players. It is designed to protect the investor against the irrational volatility of these occasionally roiled markets, which seem to ignore any semblance of adherance to the commonly accepted rules of a more orderly market.
And, of course the other alternative of buying and holding for the long haul, assuming "it'll always come back", is not bad, if one has the capital, time, and patience to weather the periodic "storms". I don't happen to be so blessed with such assets, however, so I'll just keep puttering along searching for the pathway which most suits my circumstances and mental agility, and producing an occasional rant to vent my frustrations....and, of course, hoping that my capital outlasts these periodic "irrational markets".
And, G'nite to all you good people,
Buck
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