I disagree.
Bottoms and tops can be called with reasonable certainty.
You can't use tight stop losses as you will be whipsawed out of the market.
You need to be able to read charts in at least 3 time frames depending on your own situation. ie: weekly, daily, hourly, or daily, hourly, 15 min or... monthly, weekly, daily.
And most important of all, you need to have discipline for follow though... all FWIW & most people will probably disagree with me. Which is fine... because someone has to take the other side of a trade & lose <ggg>
I also disagree with your stance on "young investors".
You stated that they could get burned, & by implication could not recover from their "burned" situation.
In fact young investors, can get "burned" several times, & realize a significant loss of capital...
Yet...
because, as you said, they are young & they are resilient. They can start again... because they are young & resilient as funny as that may sound.
So a young investor, who decides to look at TA & has the discipline to follow through, will do well in any market. Bear or Bull.
Regards,
Peter |
