Reddit Reddit reviews Technical Analysis of Stock Trends

We found 2 Reddit comments about Technical Analysis of Stock Trends. Here are the top ones, ranked by their Reddit score.

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Technical Analysis of Stock Trends
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2 Reddit comments about Technical Analysis of Stock Trends:

u/platonicgap · 3 pointsr/Bitcoin

That's fine. Those of us that notice the obvious patterns in price action will collect while protecting our downside. I'd recommend this book as a starting point if you become interested one day. https://www.amazon.com/Technical-Analysis-Stock-Trends-Tenth/dp/1439898189

u/lostincharts · 1 pointr/Forex

Sorry for the lenghty post, I just rambled away a bit. The last paragraph isn't really that relevant.

I mean... from the technical analysis standpoint, all the stuff that people are saying now is the same stuff you can find in books that are several decades old (for example this one http://www.amazon.com/Technical-Analysis-Stock-Trends-Edition/dp/1439898189/ref=pd_sim_14_3?ie=UTF8&dpID=515wOX3jMzL&dpSrc=sims&preST=_AC_UL160_SR108%2C160_&refRID=14W13T8GE200TSE8CB95 ).

For general technical analysis, if you pick any book that is reasonably well acknowledged, you will be fine. For more "specialty" things like Fibo and Eliott, it varies from person to person, I don't use them so I can't help you here.

For trading psychology, I personally liked the Market Wizards books, some of the people interviewed in those books busted their funds and what not, but others are functioning until now just fine. My main take from that book wasn't the advice given by people, but the fact that there were so many different traders and all of their diverse trading styles were working shows that there isn't just one right way to do it imho. Mark Douglas is good aswell, www.chatwithtraders.com is similar to Market Wizards,

As for tutors and various websites, I can't name any I'd trust, I think it's just waste of money. Better spend that on a good book, stare at charts and try with a small account until it clicks. Most of the courses just sell you the basic technical analysis stuff for a huge price and to be honest, I don't believe there is one hidden trick that will suddenly make me a profitable trader. If there was and the guy selling the course knew it, why would he bother selling it to peasants and wasting time? Either put it online somewhere in a forum and enjoy the money or keep it to yourself and.. enjoy the money I guess. If somebody had a trading system to make boatloads of money, why would he bother selling it for €2000? The time simply wouldn't be worth it, if you could make 10x that in a single trade. But then again, I really think that trading in the end is about 20% strategy and money management and 80% psychology, so take my opinion with a pinch of salt.