Is it even worth learning how to look at stock charts during this unpredictable time?

[InterestedNow]

What I mean by my question is, obviously it's going to help you (even in the smallest bit) if you know how to read a stock chart and know how to read curves, candlesticks and things like this, but is reading these charts really applicable while we are still officially in the pandemic time? Or is it pretty much more of a guessing game during the pandemic time?

 

[mannyrs13]

I think money management is more important but not a bad thing to know a bit. Market is unpredictable and any news or Tweet can alter the course of a stock.

 

[chopchop702]

Two dimensional linear Charts are old school and not effective at all. They never really have been.

Try a quantitative model which incorporates math and combines different factors like volatility.

Hedgeye.com.

Check out their website. Its legit. They have actual real hedge funds and portfolio managers who pay them big $ for their research.

Try the risk ranges product for 30$ a month.

No model is perfect. But at least you'll have some math behind you with a quantitative model.

At least you will have a better shot at knowing when things are getting overbought or oversold according to math and not some silly chart a 13 year old can draw up on yahoo finance

once again, no model is perfect. Its not like “hey were oversold now according to their model,i should buy now and things will magically go up tomorrow.” But at least you can start to build a position and find good spots to average into.

There is a huge difference in paid research and free research. There is a reason why its free. You have to pay for the real shyt.

im in a giving mood right now and i just dropped a gem on you. Your welcome.

*5+ years of day trading experience and banging my head against a brick wall*

 

[Menelik II]

technical analysis, which is what you are referring to, looking at patterns on a chart etc (oversimplified), is basically trash ANYTIME. This doesn't work, so don't pay anyone to teach this bullshyt raindance. Markets are random, that is the premise that all financial volatility pricing models are based on. So you can't systematically beat them as as outsider. ( there are very few exceptions to this, but not many in developed liquid markets with no carrier to entry. and they last milliseconds)

 

[Virtuous_Brotha]

technical analysis, which is what you are referring to, looking at patterns on a chart etc (oversimplified), is basically trash ANYTIME. This doesn't work, so don't pay anyone to teach this bullshyt raindance. Markets are random, that is the premise that all financial volatility pricing models are based on. So you can't systematically beat them as as outsider. ( there are very few exceptions to this, but not many in developed liquid markets with no carrier to entry. and they last milliseconds)

While it's uncertain and you will lose money (not much with good risk management) but there is definitely people eating well of shyt like forex

 

[NeilCartwright]

I think it’s beneficial. Knowing how to read charts and candlesticks will always beat someone who doesn’t know what they’re looking at.

The market is extremely volatile right now but the principles will always be there.

Please don’t listen to anyone saying to not learn technical analysis lol. It’s all about making an educated decision when you’re going into a trade or a buy and hold situation

 

[Swirv]

Yes. You need to have an idea of when to enter and exit. I only use candlesticks.

 

[Macallik86]

Learn now so that you are ready when opportunity presents itself. Technically in the markets, there are 1,000s of stock to chose from so opportunity is there in one way or another every day. Once you factor in foreign markets and FX, you can technically trade any hour of any day

 

[Kwabena]

Can I get some book recs. I'd love to learn how to read stock charts