rationalskepticism.org

OlivierK wrote:

jamest wrote:I've studied technical analysis ...

So you'd know that the only use of technical analysis is to be able to predict the behaviour of other market participants who study technical analysis. If you haven't worked that out, yet, then you're the prey, not the hunter.

I've studied both technical analysis and fundamental analysis.

The thing with technical analysis is that it works for the majority of the time, thus it empowers you NOT to be the prey for the majority of the time.

Also, once you have sufficient knowledge and understand risk management you can play the odds (in your favour) by putting in stop-losses. That's how good traders persist. Those who know nothing are pure gamblers and will be rekt in no time.

I'm not even a trader, I just understand how it works. I'm currently an investor, thinking about becoming a trader. It would be perfect for me because I've always wanted to be wholly self reliant/sufficient. Since I'm probably moving home to another area in July and thus losing my job, then it's a serious consideration for me.