VRX 1.43% 6.9¢ vrx silica limited

Charting can be very subjective and definitely can be formed to...

  1. YLJ
    819 Posts.
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    Charting can be very subjective and definitely can be formed to fit a narrative if one is not
    trying to be objective. One has to be careful, especially reading other people's analyses if
    they do not understand trading and charting themselves.
    Pure fundamental analysis and Pure technical analysis/trading are very different.
    Each has its advantages and disadvantages and they will not always aline, especially
    one takes time frames into consideration. They can be used together but it is a great
    skill. True fundamental investors will not look and charts and have no reason to,
    so please do not be confused by anything I have to say.
    I have posted quite extensively on this in the past.
    Technical analysis is not about trying to predict the future, and one can be wrong
    more than half the time and still make huge profits over time if the risk is managed
    correctly. It is about capitalizing on potential opportunities through probabilities and
    risk management. Call it educated gambling if you will. Akin to the card-counting Black
    Jack player who is banned from Casinos because he has found an edge...
    I like the fundamentals of VRX but have not dug deeply into them for a while now.
    I will be looking into it more while my trade is open to decide if I want to leave some
    for the longer term, but my primary objective on every trade is to take as small a loss
    as possible if I am wrong and maximize profit if I am right. I am primarily a trader and
    not an investor. Party because I just do not like being underwater, despite the potential
    long-term benefits of holding through thick and thin and averaging down based on
    fundamentals, etc... I also just know what I'm good at.
    All the best
    Last edited by YLJ: 31/03/22
 
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