Viewing a single comment thread. View all comments

Glum_Mongoose_8482 OP t1_j1zjodt wrote

Reply to comment by Garrulous_Amoeba in A goodbye to WSB by Glum_Mongoose_8482

I did not use TA for most of them, I read the news and DCF. First strategy was to target companies with low cash flow and high debt, which kinda work. The second that caused me all the loses was TA, so you are right. Or maybe it’s because I’m not experienced in TA; who knows.

2

Garrulous_Amoeba t1_j1zkezh wrote

Sounds like an okay-ish approach without the TA but you’d need to learn a lot more about the fundamentals and really get across their financials more. TA is all bullshit because you can’t predict the future by using charts as the scales can be so easily manipulated to suit your hypothesis on what’s going to happen

1

Glum_Mongoose_8482 OP t1_j1zm4uy wrote

Yes, I learn it the hard way today. I’m well aware that the approach is not perfect, as I was experimenting and iterating strategies that looks plausible, but today’s loss was purely due to greed; as i was up £300 at the start. So regardless, I realise at the moment I’m still way too bad at trading

1