How the Fuck Should a Retail Trader Trade
Hey new here, a question bugging me.
So I've been hearing trading/investing legends bashing fundamental analysis AND technical analysis. People like Buffet/Rogers say technical analysis is BS. Many legendary traders in Jack Schwagers Wizards say a known fundamental is a useless one, and plus, how the fuck are retail traders suppose know the info in time to matter?? Or, many say fundamental/technical analysis would've worked years ago, but not in today's market.
So, I've been trading using mostly fundamental analysis and I've achived about 8% in a couple of month. But I believe a lot of it was dumb luck. Theory is fine, but when I actually trade, I realize how utterly useless some fundamental/technical analysis methods are.
For the traders out there, have you found a method that works?? Is there anyway that the little guy can succeed? Also, if you're successful, please point to some books that have helped you.
Plz don't reply if you just know theory and want to show your support for fundamental or technical analysis. I'm asking if you trade your own money (real money) and if you've found a useful method. Also, if it's in the commodities market, then that would be great.
One last thing, I can't build quant models. I'm can't program.... so suggestions in that area won't help me.
Ok, any help would be appreciated. Thanks a lot!
8% up when the markets are going up isn't all that impressive.
read the post, that's his point
if technical AND fundamental analysis is useless then markets should be perfectly efficient. but it doesnt seem to be.
Fundamental analysis isn't actually geared towards trading is it? It's geared towards low-risk long-term investment.
I use fundamental analysis in managing my personal account and my parents' retirement accounts -- it seems to have worked quite well for us.
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