Talking stocks, trading, and investing in general

[vezatron]

I haven't followed aapl and only looked at it because of the thread. Three indicators go bear and I would dump a position in any holding. It is not a guarantee but helps with probabilities for success.

 

[GreenFrog]

I put in a limit order to buy more AAPL shares.

 

[AriGold]



How can you expect to see the future by looking in the rear-view mirror?

because other people are looking at the same indicators. it's somewhat of a self fulfilling prophecy. Have you ever tried TA before?

 

[SkinnyGoomba]

I had an experienced trader help with a purchase before. They can be helpful in the near term, which can be helpful to a long term buyer such as myself. Better cost basis is a better cost basis.

 

[seeldoger47]

Why would I use TA? Everyone uses it. I will never make money using TA for I'm not smarter than the professionals. Don't get me wrong, I read charts, for they tell a story. This story helps me understand what might happen in the future. However things like: bollinger bands, RSI, MACD, stochastics, or moving averages don't really tell me much of anything, and to be honest, muddles my thinking more than anything.

 

[AriGold]



Why would I use TA? Everyone uses it. I will never make money using TA for I'm not smarter than the professionals. Don't get me wrong, I read charts, for they tell a story. This story is help understand what might happen in the future. However things like: bollinger bands, RSI, MACD, stochastics, or moving averages don't really tell me much of anything, and to be honest, muddles my thinking more than anything.

Then you've answered your own question

 

[djblisk]

Lets talk about that apple and good pop. wow.

 

[djblisk]

good=goog

 

[Cantabrigian]



Why would I use TA? Everyone uses it. I will never make money using TA for I'm not smarter than the professionals. Don't get me wrong, I read charts, for they tell a story. This story helps me understand what might happen in the future. However things like: bollinger bands, RSI, MACD, stochastics, or moving averages don't really tell me much of anything, and to be honest, muddles my thinking more than anything.

You can separate technical indicators into two camps - voodoo and something that tells a story.

Fib levels and Elliott waves (and maybe DeMark if I could every understand them) are voodoo. They could only potentially work if (1) you believe in magic or (2) enough other people believe in them.

MACDs, RSIs are a way of neatly looking at one particular storyline (to awkwardly use your analogy) in charts. Something like Bollinger bands are based on a statistical observation about how things tend to move.

I have zero involvement with equities except when I can't help it but I understand that TA can be considerably less compelling when you can have a reasonable claim to know what something is worth.

With things that carry only a vague conception of fair value (currencies, for instance) and can exhibit considerable deviation from that, price action is news. And some technical indicators provide an intelligent shorthand for talking about price action.

 

[AriGold]

^ true story bro. anyways noone can sustain above average gains for a 10 year period right? 90% of fund managers don't beat the market?


I pulled those stats out of my asshole but i've heard many things like that.

 

[SkinnyGoomba]

....on a risk adjusted basis.

 

[otc]

Was worried about AGNC for a bit there...but decided to buy some more and now its back above 30 again and still paying dividends.

 

[guyver00]

W. T. F. What happened today? No electricity until a few hours ago, checked Google finance and seeing green everywhere.

 

[Khayembii Communique]

What's everyone thinking about GLUU? I got in at 2.19, though I didn't put in that much. I might buy more in the next few weeks, currently at around 2.50 but I think it's pretty highly undervalued.

 

[seeldoger47]

How is it undervalued? Undervalued relative to what?