M4 Benelli said:
Up until 2020 just indexed bogelheads style. Up until I found this forum, never listened to TA. Hence why Id gladly hold a stock not popping if I believe in the thesis. Bought Into BIGC primarily off this forum after it gave me some victories. I drank the TA kool-aid so to speak.
Greed is a helluva drug. I appreciate everyone's input.
Cool, here's a little advice. Start learning different parts of technical analysis. It's not absolute, but it's not voodoo either. It will minimize expensive mistakes but you'll learn more from the mistakes you make. Don't try to learn and master all the indicators because IMO that's detrimental to your growth as a trader/investor. Trying to apply every indicator is like our statistics class at A&M, when the prof said you could prove a dandelion could hold an elephant hanging from a cliff if you had enough data. I suggest finding 3 that appeal to you and that you can apply to past trades and see your mistakes. When you can do that, then you'll be better able to predict moves in stocks that meet your criteria. My 3 favorites are stochastic, MACD, and RSI when I evaluate a trade. Mazag08 loves Elliott Wave theory. Neither one of us is right or wrong, we just approach trades from different comfort zones. Start small, you're not cramming for a final. Google a TA indicator for explanation, then go watch a couple of Youtube videos about it, TDA has excellent tutorial vids.
Also, don't blindly put your money at risk EVER. If a trade intrigues you, see if it confirmed by what your chart tells you. This forum is great and a wealth of experience is freely shared, but no one makes perfect picks. If any of us did, I doubt we'd be on TexAgs. Personally, if my picks rang the register every time, then I'd be a younger version of Hugh Hefner.
You're on this thread so you have the ambition and intelligence for controlling your trades/investments, now just give it some attention to learn the trade and refine your craft.