The problem with technical analysis nowadays is that anyone can out in the World Wide Web, Google some terms, read some books and then start proclaiming themselves as “technical analysts”. This couldn’t be any more dangerous since there are so many people on the world today looking for new info, that anyone that sound a bit confident, add some strange numbers and indicators, might sound like a professional!
I’ve made this mistake so many times during my early years in the stock market. Since you do not have enough knowledge to really evaluate someone’s opinion, you might just nod along and agree with everything. Then, everything starts to fall apart and you keep wondering what is going on. Then, what was usually my next step? You’re right: go out there in the web again and search for my next “guru”.
The sooner you realize that you will be better off alone, thinking for yourself and taking your own fate in your own hands, then the sooner you will start to profit in the stock market. Even if you believe that you do not have enough or sufficient knowledge to take the matter with your own hands, believe me, it is better than trying to follow some on-line guru which you have no idea if he is real or not.
Think about it, you could easily log in to any blog platform, create a blog, start posting some indicators, some numbers claiming how exactly you are making a killing in the market and easy it is. How could anyone prove that you are lying your face off? That is right, they couldn’t. Of course, with time, people would realize that you are not the real deal, but until them, you might get some money selling some on-line courses on “How easy is to profit from the markets”.… Read More