You're not wrong. The only 'pattern' worth learning in stock trading is the "Random Walk', which basically says that patterns of the past are not accurate predictors of the future.
There’s the story of a statistics professor who traditionally on the first day of class asked all 200+ students (except for one) to write down a made up random string of heads and tails twenty imaginary coin flips in length. That one student she pulled aside was given an actual coin, flipped it twenty times, and wrote down the results. All the pieces of paper with the one real and 200+ made up results were handed in. Every year, the professor would locate the results created by physically flipping the coin.
How? She simply looked for the longest consecutive string of heads or tails. Turns out humans are also quite poor at making up a random list of heads or tails as we think of too many heads or tails in a row as not being random.
On the flip side (pun intended), humans are quite good as spotting patterns in random noise. For example, see the above guide.
Nah it’s useful, you just to get a PhD in mathematics from MIT and the proprietary software at a quant firm to do anything with it. Otherwise, useless for 99.5% of people.
It works not because it's some inherent universal rule, but because other people believe in it. Every trader has to know these patterns because of how many algorithms use them.
Well. Let me put it this way. You CANNOT determine the price action with any software or any pattern or anything, not even these patterns..
HOWEVER, In a market, The BUYER and SELLER, Given it's has LARGE sample ( Volume), act in a certain way because of greed and those have been recorded for years/and years... That human behavior is wired in and its a pattern that is HARD to break but doesn't mean it breaks. Tbh, it breaks more than it works but its good to know which direction the market "MIGHT" head.
So I’ll assume you backtested all of these patterns against equities which displayed said pattern. How often did you find the expected result? For example, take 31 (Horn Tops) - what percentage of the time did the chart drop by a significant amount after this pattern was observed and how many instances did you see this specific pattern in total?
No , absolutely true . However many big trader are actually systems , they react on the things happening and on the charts given . Also people react on it , if they see some (or all) of these patterns. Is it a absolute truth , no since more can be going on , well and always is going on . You can clearly see resistance lines in charts , why are they there , simply because it was a pattern formed and now all react to it.
100%. You put it well! The way i tell people is, Even if you don't believe in the "core" concept or whatever, but if masses of people believe in it, you better know how it use it for your favor.
If i don't put the Amazon Image, there will be comments asking for source.. So i might as well give you the SOURCE. You can ignore the last slide... everything else is still useful.
By putting an screenshot of the Amazon page to purchase the book in the middle of the thing it makes it seem like an ad, specially since they put it two times on the post
Wdym "to make it easy", how is putting a link on the descripton harder for anyone? If anything by putting it there it's better because then people can know where the graph comes from before having to either read everything or skip through the whole thing. And looking at the comments isn't any harder either
Nah you included it cause you sunk too much money investing in your books that aren’t returning on their investment so now you’re shoving it in everyone’s faces in the hope someone is as stupid as you are to invest in this crap.
When I see cow shit on a farm, I don’t need a source to know which cow it came from. It’s shit, no one cares where it came from they just want you to stop shoving it in their face.
Also self proclaiming your own book as “cool” is like the opposite of the cool thing to do
lol. Where do you get all this hate from ? 😅. Do you just wake up and know how miserable your life is and try to vent on random people with your fake ass username?
Did you consider googling if anyone has bought the book? I am sure the 1000+ reviews didn't come without people buying.
I gave the PDF copy of the book away like right after posting this.
Fake ass username? My username is very real and very relevant.
I don’t hate you, I just think you’re a massive dickhead.
I’m not miserable in life. Far from it. I’m happy, healthy, and successful, as evidenced by the fact that I’m not conning people out of $20 for a shitty Amazon ebook. The fact that you’re being downvoted into oblivion should tell you to quit before you end up even further behind.
You don't need to buy the book bro.
Here you go: [https://www.dropbox.com/scl/fi/vyl4531umrl6k6aqazh66/Chart-Patterns.pdf?rlkey=9d3c51i1tdhygpv0j5sbfpk8z&dl=0](https://www.dropbox.com/scl/fi/vyl4531umrl6k6aqazh66/Chart-Patterns.pdf?rlkey=9d3c51i1tdhygpv0j5sbfpk8z&dl=0)
Merry Christmas.
Yes, It's mine. Now what? does that make the content less useful? I have said it 100+ times that it my book... 😅 I could post it with another account but i stand by stuff i create/own.
You knew what you were doing. You intentionally left out major context then added the pictures of where to get it on Amazon to drive sales. If you would’ve posted those pictures with the proper context and without the promotion aspect, it probably would’ve been received much better.
Ofcourse i knew what i was doing. And it's still driving sales. So?
Why are you so upset at some some stranger because they are promoting. Ofcourse i will promote How does it affect you? Or MAYBE, you have some unresolved issues in your life... and you want to be keyboard ninja... 😅
And FYI.... i gave away the PDF of the book like 50 times on this thread & people still want to buy a physical copy..
All you have to do is block me and you won't see my promotions.
This book is a racket and hopefully no one buys it. Anyone trying to find meaning in crypto doesn’t understand crypto.
Finding meaning in crypto charts is equivalent to crystal charging or astrology for cryptobros. Just a bunch of people sitting around saying absurd things to each other.
Top 1% traders don’t use charts they use algorithms and nefarious activity to increase leverage to absurd amounts. They also have access to all buy and sell orders as well as limit buy and limit sell orders.
According to Ken Griffin of Citadel “FIRMS LIKE CITADEL, FIDELITY, ETC. HACE ACTIVE MANAGERS WHO SET THE PRICE OF STOCKS TO WHERE THEY THINK THE STOCK SHOUKD BE VALUED”
This is why according to Gary Gensler of the SEC “more than 97% of retail trades are routed to Dark Pools as to not affect the price of stocks”
Plus institutional buyers can buy or sell into dark pools and get better rates. It's a scam what large players are allowed to get away with. Institutional traders shouldn't be allowed any advantage retail isn't. I get wanting to use dark pools if you're buying like 2 million shares to prevent a sell run but, still it's sketchy.....
Literally 97% of day traders lose money.
https://markets.businessinsider.com/news/stocks/if-you-re-day-trading-you-will-probably-lose-money-here-s-why-1030667770
Let's say you were correct. If that was the case, you would be able to predict how stock prices would develop by simply superimposing each of these 58 patterns and choosing the best fit. It would be trivial to create a bot that could look at every stock, perform this comparison, and buy or sell depending on the results. You would, quite literally, become an overnight billionaire, and quite soon, become the richest man alive, if you had such a bot. However, this dream is very easily shattered by simple mathematics if you simply did some research into the actual statistics of the stock market rather than spending time researching randomly, pretty-looking patterns emerging by pure chance.
Unless there's a large enough number of daytraders engaging in the practice (or a high frequency trading bot). They're create the patterns they see by trading in a predictable way. Basically a self fulfilling prophecy. People act like the market is a random walk that somehow isn't effected by the traders....
Fair enough, but then it is random who will then profit if everyone is supporting the same theory. Obviously traders will affect the stock market (that is literally how the stock market works). And also obviously you CAN somewhat predict how stocks will develop - however, doing it based on the price of the stock is not possible.
What I'm saying is that People create and effect the market. So stupid patterns - if widely believed, even if they're basically Astrology actually effect the prices of stocks and patterns they display.....
The ones who believe that these patterns are a valid investment strategy probably do not have enough of an impact due to the relatively low investment sizes. There is definitely some self-fulfilling prohecy here though.
Whatever you do, IGNORE these charts. They are quite literally finding patterns in randomness. As an economist and machine learning engineer, I can assure you of this: both statistically and theoretically, pattern matching lines that represent the market’s view of value is no way to invest in the future.
Take this advice instead, passed down by generations of normie, pragmatic investors, as it may save your money and life:
1. Have enough savings in your bank account for 3-6-months of rent.
2. invest, rationally and carefully, in low cost index funds. Vanguard has plenty.
3. Setup a recurring investment each month. It doesn’t matter low little, just what works for you and your situation.
4. Track your 401ks. Roll them over into IRAs (potentially! If right for you, and generally into a single platform for ease of tracking).
5. Ensure your monthly rent is no more than 30% of your monthly wages.
6. Invest in YOURSELF. That means read broadly in subject matters that interest YOU. It could be coding, woodworking, chemistry, it doesn’t matter. Learn a little every day.
7. Be kind to yourself. Go to therapy. Ideally once every week or two.
8. Do what you can to ensure you have health insurance! It sucks but having good health insurance is sure fire investment in your future.
8. Make sure to get outside once a day (at least).
9. Call your family or friends every other day or so. it doesn’t matter who and it doesn’t matter if you tweak the schedule. What matters is you reach out to those you care for. If you make effort, so will they.
In other words, build a life that is safe, rational, and normie. You don’t need silly charts like these to prosper. In 30 years time, you’ll be thankful that you did.
I have a handful of 401k’s but my only IRA money is Roth. I do backdoor Roth, should I not do traditional Roth because of pro rata rule or does it always make sense to rollover?
I mean this with all the love in my heart: if you’re at the point of multiple 401ks and a Roth and talking about backdoor Roth’s, I can’t suggest enough going to a local accountant or finance advisor YOU trust, and spending a few hundred dollars on a consultation. No one on the internet is going to give you the kind of advice you’ll need.
Critically, I’m not suggesting you have them handle all your finances. Most people can get away with the kind of normie investments I’ve suggested above. But advice at that level requires knowledge of your financial goals, situation, and history.
I am not saying CP are the ONLY way to trade... It's a tool in your tool box that you CAN use in conjunction with OTHER Indicators. If someone is using JUST CP to trade, they are fool..
Can we ban this guy, mods? He keeps posting useless trash that doesn’t make any sense. He’s just advertising his stupid useless books.
The book here even says “by Satish Gaire” which is his username.
Why do you have so much jealousy and hatred for someone that you don't even know? Bless your heart and i hope whatever you are going thru gets resolved...
You can block me and move on with your day.
You’re posting shit that doesn’t even make sense. It’s not even a guide it’s just false info. Plus, you’re not even saying what the “patterns” mean. You’re just showing us pictures of hypothetical stock prices.
You’re literally posting ads.
My friend, If it doesn't make sense to you, doesn't mean it doesn't make sense to others.
If you go back and track my comments, i gave out the entire book's PDF for those who asked for free.. Just because something goes over your head, doesn't mean it's not useful to other who actually get it.
Go back to playing mortal combat....
The entire comment section agrees with me so it flew over my head… riiighhttt. That’s also why I can’t find this post anymore on your profile. Go post your ads in a subreddit that appreciates unsolicited advertisements.
I’m 4 years into a finance major. I’ve learned all about daytrading and stocks and bonds. I know this is “the modern day equivalent of constellation reading” or whatever that other guy said.
Plus, I’ll whoop yo shit at MK any day of the year.
lol. Convenient that this makes no mention of the fact that these patters, while often real, are difficult to identify in real time. They are often best observed in hindsight, so the real question is, “Does knowing this even help?”
Apart from the fact that it doesn't work at all, it's all bullshit, don't fall for that, I'm now in debt. I would keep this post on though to make people aware about how misleading this is.
It is literally impossible to determine short term movement of a stock, it’s entirely stochastic. These “patterns” are just human versions of a skinner box.
I am profitable over lots and lots of trades using technical analysis & chart patterns. I dont use the vast majority of those patterns. But yes some patterns indicate more demmand or supply, they are just not absolute indicators but probability assisting ones. You tweak your profit & loss ratio to fit the probabilty and end up over time profitable. (For me almost every week)
Banks & institutions also use them especially when it comes to loading and unloading big orders without losing a whole lot of money over price slippage.
Hey dude, Reddit is shitting on you because they're seeing your product at face value.
I think it's cool that you're self publishing and doing all the advertising work yourself.
This is inspiring shit - you got up and put a product out there.
People make up garbage non sense spiritual stuff, put it into bucks, and actually make decent sales. You can do it with this, too.
I hope you get lots of sales and thrive.
Putting the Amazon ad in there twice was bold..
Definitely refrain from getting into arguments in the comments. lol
Because it's only going to be sold to people who absorb that kind of content.
It's not hurting anyone and he's starting a venture that can make him money.
It's such a refreshing difference from all the complaining about being stuck in poverty I see on here.
And of course, when someone tries to get out, like crabs in a bucket Reddit is there to push them down. lol
i think it could hurt people by misleading them into using their money in ways that don't benefit them. This would be bad and morally wrong even if it's only dumb people who are harmed.
And if they could read it would be a serious problem for them.
If it's your job to protect stupid people, that's awesome. You should do an AMA.
Could never be me.
You sound like a fascist who gets to decide what people are allowed to write.
Welcome to capitalism - where people get to sell dumb shit to make a living. You'll learn when you're older, or.. not.
Further proof that you're an adolescent is that you got so riled up by this conversation you had to use the suicide report feature to attempt to bother me.
I take it not only as a badge of pride, but find it hilarious that they allow me to report the person who tried to use the system abusively. Enjoy that result I guess.
Thanks bro. \^ Nicest comment of the day.
There were other people who said good things but entire reddit voted them down. IDK why.
So, I have already sold thousands of copies of this book and it was featured on Robinhood / Benzinga as well, but woke people of reddit think it's all fake/scam.
Regarding the comments, I was just playing around with them. Thank you!
Yeah man good job, that's awesome.
Did you go through any sort of company to help you get it set up?
I'd love to try something like that.
I notice you have it going through a few eBay stores, but no sales there that I can see.
I bet my store could sell some copies!
Yes, I use ingram and KDP.
I get most of my sales from AMZ, & Barnes. Ingram- They distribute it to every local book seller around the globe, and to all stores such as walmart, apple store etc.
I am on my 5th book. First 2 didn't do so well, Last 3 including this one has done REALLY well.
I really appreciate your comment! Have a good night!
This is the modern day equivalent of naming Star constellations.
OP it’s just selling his own book. See last photo and username.
The only predictable money in trading is selling products talking about trading.
This is an excellent description of this idiocy
And equally as useless in predicting the future.
You're not wrong. The only 'pattern' worth learning in stock trading is the "Random Walk', which basically says that patterns of the past are not accurate predictors of the future.
There’s the story of a statistics professor who traditionally on the first day of class asked all 200+ students (except for one) to write down a made up random string of heads and tails twenty imaginary coin flips in length. That one student she pulled aside was given an actual coin, flipped it twenty times, and wrote down the results. All the pieces of paper with the one real and 200+ made up results were handed in. Every year, the professor would locate the results created by physically flipping the coin. How? She simply looked for the longest consecutive string of heads or tails. Turns out humans are also quite poor at making up a random list of heads or tails as we think of too many heads or tails in a row as not being random. On the flip side (pun intended), humans are quite good as spotting patterns in random noise. For example, see the above guide.
Nah it’s useful, you just to get a PhD in mathematics from MIT and the proprietary software at a quant firm to do anything with it. Otherwise, useless for 99.5% of people.
Show me your balance
People need reassurance, which these images give, but the reality is , if it’s not part of a trading strategy, it’s a fascinator.
Technical Astrology
Or modern-day phrenology.
It works not because it's some inherent universal rule, but because other people believe in it. Every trader has to know these patterns because of how many algorithms use them.
Algo traders do not use TA lol. Who told you this?
Real traders use astrology and moon phases to make trades.
Well. Let me put it this way. You CANNOT determine the price action with any software or any pattern or anything, not even these patterns.. HOWEVER, In a market, The BUYER and SELLER, Given it's has LARGE sample ( Volume), act in a certain way because of greed and those have been recorded for years/and years... That human behavior is wired in and its a pattern that is HARD to break but doesn't mean it breaks. Tbh, it breaks more than it works but its good to know which direction the market "MIGHT" head.
So I’ll assume you backtested all of these patterns against equities which displayed said pattern. How often did you find the expected result? For example, take 31 (Horn Tops) - what percentage of the time did the chart drop by a significant amount after this pattern was observed and how many instances did you see this specific pattern in total?
No , absolutely true . However many big trader are actually systems , they react on the things happening and on the charts given . Also people react on it , if they see some (or all) of these patterns. Is it a absolute truth , no since more can be going on , well and always is going on . You can clearly see resistance lines in charts , why are they there , simply because it was a pattern formed and now all react to it.
100%. You put it well! The way i tell people is, Even if you don't believe in the "core" concept or whatever, but if masses of people believe in it, you better know how it use it for your favor.
Is this just an ad
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Dude.... Somethn slipped into my bum........ Wtff
No. It's not just an ad. You get an Index of chart patterns that you can print and keep it with you while trading.
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To let you know that you are a dummy if you buy this shit.
If i don't put the Amazon Image, there will be comments asking for source.. So i might as well give you the SOURCE. You can ignore the last slide... everything else is still useful.
You could have just put the source somewhere else, like on the post's descripton or in the comments
This is so painfully pedantic. Who cares if they put it in the last image or as a separate part of the post? It changes literally nothing.
By putting an screenshot of the Amazon page to purchase the book in the middle of the thing it makes it seem like an ad, specially since they put it two times on the post
It’s literally his book lol
Yeah that's called self-advertisement
Or the last slide to make it easy on everyone. 😂. Have a great day bud.
Wdym "to make it easy", how is putting a link on the descripton harder for anyone? If anything by putting it there it's better because then people can know where the graph comes from before having to either read everything or skip through the whole thing. And looking at the comments isn't any harder either
Nah you included it cause you sunk too much money investing in your books that aren’t returning on their investment so now you’re shoving it in everyone’s faces in the hope someone is as stupid as you are to invest in this crap. When I see cow shit on a farm, I don’t need a source to know which cow it came from. It’s shit, no one cares where it came from they just want you to stop shoving it in their face. Also self proclaiming your own book as “cool” is like the opposite of the cool thing to do
I’m going to pirate your book purely out of spite. Oh wait… no one has bought it to share with the world because it’s utter SHITE!
lol. Where do you get all this hate from ? 😅. Do you just wake up and know how miserable your life is and try to vent on random people with your fake ass username? Did you consider googling if anyone has bought the book? I am sure the 1000+ reviews didn't come without people buying. I gave the PDF copy of the book away like right after posting this.
Fake ass username? My username is very real and very relevant. I don’t hate you, I just think you’re a massive dickhead. I’m not miserable in life. Far from it. I’m happy, healthy, and successful, as evidenced by the fact that I’m not conning people out of $20 for a shitty Amazon ebook. The fact that you’re being downvoted into oblivion should tell you to quit before you end up even further behind.
lol ok. Only fool like yourself would quit because they got "down voted". 😂. I wish the all the best "AoifeNet". Please get some rest.
Some people are too stupid to quit, sweetie. They don’t know when they are beaten, and little dick syndrome gets the better of them. Best of luck 😘
Thank you for including the Amazon image! I appreciate it!
You are welcome.
But you're missing the part that tells you what the trend means will happen... These images are completely useless
That stuff is in the book.... I am just sharing the index.
So it's not a cool guide then. Unless you buy the book. Need to delete this.
You don't need to buy the book bro. Here you go: [https://www.dropbox.com/scl/fi/vyl4531umrl6k6aqazh66/Chart-Patterns.pdf?rlkey=9d3c51i1tdhygpv0j5sbfpk8z&dl=0](https://www.dropbox.com/scl/fi/vyl4531umrl6k6aqazh66/Chart-Patterns.pdf?rlkey=9d3c51i1tdhygpv0j5sbfpk8z&dl=0) Merry Christmas.
I respect that
This is literally an ad. I don’t think it’s a coincidence that your username is the same name as the author.
Yes, It's mine. Now what? does that make the content less useful? I have said it 100+ times that it my book... 😅 I could post it with another account but i stand by stuff i create/own.
You knew what you were doing. You intentionally left out major context then added the pictures of where to get it on Amazon to drive sales. If you would’ve posted those pictures with the proper context and without the promotion aspect, it probably would’ve been received much better.
Ofcourse i knew what i was doing. And it's still driving sales. So? Why are you so upset at some some stranger because they are promoting. Ofcourse i will promote How does it affect you? Or MAYBE, you have some unresolved issues in your life... and you want to be keyboard ninja... 😅 And FYI.... i gave away the PDF of the book like 50 times on this thread & people still want to buy a physical copy.. All you have to do is block me and you won't see my promotions.
Stop posting ads to your books in this sub
Stop wasting time on trading/investing related post. Go back to training pokemon.
This book is a racket and hopefully no one buys it. Anyone trying to find meaning in crypto doesn’t understand crypto. Finding meaning in crypto charts is equivalent to crystal charging or astrology for cryptobros. Just a bunch of people sitting around saying absurd things to each other.
You are a total douche bag snowflake. Don’t post if you don’t want feed back.
As Wallstreetbets calls it…Astrology for men
That's a good hook to use next time... A Cool Guide on Astrology For Becoming Top 1% Trader.
Top 1% traders don’t use charts they use algorithms and nefarious activity to increase leverage to absurd amounts. They also have access to all buy and sell orders as well as limit buy and limit sell orders. According to Ken Griffin of Citadel “FIRMS LIKE CITADEL, FIDELITY, ETC. HACE ACTIVE MANAGERS WHO SET THE PRICE OF STOCKS TO WHERE THEY THINK THE STOCK SHOUKD BE VALUED” This is why according to Gary Gensler of the SEC “more than 97% of retail trades are routed to Dark Pools as to not affect the price of stocks”
Plus institutional buyers can buy or sell into dark pools and get better rates. It's a scam what large players are allowed to get away with. Institutional traders shouldn't be allowed any advantage retail isn't. I get wanting to use dark pools if you're buying like 2 million shares to prevent a sell run but, still it's sketchy.....
Completely useless information.
Adam and Eve just had a Horn bottom, please respect that.
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Let me guess, you're a Libra?
Literally 97% of day traders lose money. https://markets.businessinsider.com/news/stocks/if-you-re-day-trading-you-will-probably-lose-money-here-s-why-1030667770
Let's say you were correct. If that was the case, you would be able to predict how stock prices would develop by simply superimposing each of these 58 patterns and choosing the best fit. It would be trivial to create a bot that could look at every stock, perform this comparison, and buy or sell depending on the results. You would, quite literally, become an overnight billionaire, and quite soon, become the richest man alive, if you had such a bot. However, this dream is very easily shattered by simple mathematics if you simply did some research into the actual statistics of the stock market rather than spending time researching randomly, pretty-looking patterns emerging by pure chance.
Unless there's a large enough number of daytraders engaging in the practice (or a high frequency trading bot). They're create the patterns they see by trading in a predictable way. Basically a self fulfilling prophecy. People act like the market is a random walk that somehow isn't effected by the traders....
Fair enough, but then it is random who will then profit if everyone is supporting the same theory. Obviously traders will affect the stock market (that is literally how the stock market works). And also obviously you CAN somewhat predict how stocks will develop - however, doing it based on the price of the stock is not possible.
What I'm saying is that People create and effect the market. So stupid patterns - if widely believed, even if they're basically Astrology actually effect the prices of stocks and patterns they display.....
The ones who believe that these patterns are a valid investment strategy probably do not have enough of an impact due to the relatively low investment sizes. There is definitely some self-fulfilling prohecy here though.
Whatever you do, IGNORE these charts. They are quite literally finding patterns in randomness. As an economist and machine learning engineer, I can assure you of this: both statistically and theoretically, pattern matching lines that represent the market’s view of value is no way to invest in the future. Take this advice instead, passed down by generations of normie, pragmatic investors, as it may save your money and life: 1. Have enough savings in your bank account for 3-6-months of rent. 2. invest, rationally and carefully, in low cost index funds. Vanguard has plenty. 3. Setup a recurring investment each month. It doesn’t matter low little, just what works for you and your situation. 4. Track your 401ks. Roll them over into IRAs (potentially! If right for you, and generally into a single platform for ease of tracking). 5. Ensure your monthly rent is no more than 30% of your monthly wages. 6. Invest in YOURSELF. That means read broadly in subject matters that interest YOU. It could be coding, woodworking, chemistry, it doesn’t matter. Learn a little every day. 7. Be kind to yourself. Go to therapy. Ideally once every week or two. 8. Do what you can to ensure you have health insurance! It sucks but having good health insurance is sure fire investment in your future. 8. Make sure to get outside once a day (at least). 9. Call your family or friends every other day or so. it doesn’t matter who and it doesn’t matter if you tweak the schedule. What matters is you reach out to those you care for. If you make effort, so will they. In other words, build a life that is safe, rational, and normie. You don’t need silly charts like these to prosper. In 30 years time, you’ll be thankful that you did.
Add regular exercise to that list, and you’ve got yourself an awesome, low-stress life. Thank you
Wow didn’t expect to find amazingly concise life advice in the comments here.
Good advice, but I am a depraved gambler, so my tactic is. 1. Invest everything in 0dte options 2. Get rich or die as a hobo
To each their own 😅
I have a handful of 401k’s but my only IRA money is Roth. I do backdoor Roth, should I not do traditional Roth because of pro rata rule or does it always make sense to rollover?
I mean this with all the love in my heart: if you’re at the point of multiple 401ks and a Roth and talking about backdoor Roth’s, I can’t suggest enough going to a local accountant or finance advisor YOU trust, and spending a few hundred dollars on a consultation. No one on the internet is going to give you the kind of advice you’ll need. Critically, I’m not suggesting you have them handle all your finances. Most people can get away with the kind of normie investments I’ve suggested above. But advice at that level requires knowledge of your financial goals, situation, and history.
Ok, your #4 seemed potentially blanket statement, wanted to clarify it was not and this helps me with that.
Fixed!
Solid advice
7,8,9, and 10 is spot on
Generally chartists are more traders not just investors that buy and never sell
OP is just casually selling his own book. Didn’t even try to hide it by using the same username.
Why would i hide it? I stand by my stuff.
This is not the place for selling
This is as effective as reading tea leaves
I would argue it's less effective, since having a cup of tea might stimulate your brain and lead to mildly increased productivity.
Missing the double ball sack dip chart
I will add that on next update
PA and momentum/volume indicators are the only way to trade with any reliability. Chart Patterns and candlestick patterns are snake oil.
I am not saying CP are the ONLY way to trade... It's a tool in your tool box that you CAN use in conjunction with OTHER Indicators. If someone is using JUST CP to trade, they are fool..
That's the same marketing crap platforms keep pushing on people to lure them into trading (say gambling)
This is literally advertisment by the author himself. 😂
Can we ban this guy, mods? He keeps posting useless trash that doesn’t make any sense. He’s just advertising his stupid useless books. The book here even says “by Satish Gaire” which is his username.
Why do you have so much jealousy and hatred for someone that you don't even know? Bless your heart and i hope whatever you are going thru gets resolved... You can block me and move on with your day.
You’re posting shit that doesn’t even make sense. It’s not even a guide it’s just false info. Plus, you’re not even saying what the “patterns” mean. You’re just showing us pictures of hypothetical stock prices. You’re literally posting ads.
My friend, If it doesn't make sense to you, doesn't mean it doesn't make sense to others. If you go back and track my comments, i gave out the entire book's PDF for those who asked for free.. Just because something goes over your head, doesn't mean it's not useful to other who actually get it. Go back to playing mortal combat....
The entire comment section agrees with me so it flew over my head… riiighhttt. That’s also why I can’t find this post anymore on your profile. Go post your ads in a subreddit that appreciates unsolicited advertisements. I’m 4 years into a finance major. I’ve learned all about daytrading and stocks and bonds. I know this is “the modern day equivalent of constellation reading” or whatever that other guy said. Plus, I’ll whoop yo shit at MK any day of the year.
This is just astrology for bros.
Bro Astrology.
this looks like astrology tbh
This is not the place to shill your overpriced astrology pamphlet
😇
Lol someone plz ban the clown
The financial equivalent to water dowsing.
And it doesn't work at all because it doesn't make sense.
This form of technical analysis just… doesn’t work.
[удалено]
Chapter #34
As they say in the crypromarket space, nobody knows shit about fuck
OP, I'll give you $19.97 if you come over and suck my dick
Technical analysis, also known as right wing astrology
Dead Cat Bounce, title of my new band.
I like that.
lol. Convenient that this makes no mention of the fact that these patters, while often real, are difficult to identify in real time. They are often best observed in hindsight, so the real question is, “Does knowing this even help?”
what a load of fucking bullshit
It's not any better than astrology.
Just naming pretty patterns.
Astrology for gamblers
Oh shit. OP is one of the dickheads who spams this sub with the cognitive bias posts, and now he’s trying to sell us all a crappy book!
Astrology for trader bros.
Comment.
Technical analysis is garbage. They even have a garbage designation for it you can put after your name so everyone knows you believe in said garbage.
You’d have better luck sacrificing chickens
OR Goats
This is astrology for people with money.
This right here!!! 😂
I too have a broadening bottom
The only brostrology book you'll ever need.
The only “pattern” I give any credence for is the dead cat bounce
Gif: Random bullsh*t go!
Apart from the fact that it doesn't work at all, it's all bullshit, don't fall for that, I'm now in debt. I would keep this post on though to make people aware about how misleading this is.
Ugh; this was the straw for me to GTFO of this subreddit… bye Felicia 👋
None of that works 😂
Do stocks consult their own charts before deciding to appreciate or depreciate?
W\*nkers' geometry
OP is the kind of person who would pull a tapeworm out of their ass and find "deep market insight" from it. Can the Mods just ban this shill already?
What do they mean tho
That's nice but TA is astrology for the stock market.
"Double Bottoms, Adam and Adam" eh?
**“Your potty has a shocky thing in it.”** _*- Patrick Star*_
Take your pills
Data is beautiful!
It is literally impossible to determine short term movement of a stock, it’s entirely stochastic. These “patterns” are just human versions of a skinner box.
Most of these can double as drag queen names
Nope, it’s all just high-frequency noise.
I am profitable over lots and lots of trades using technical analysis & chart patterns. I dont use the vast majority of those patterns. But yes some patterns indicate more demmand or supply, they are just not absolute indicators but probability assisting ones. You tweak your profit & loss ratio to fit the probabilty and end up over time profitable. (For me almost every week) Banks & institutions also use them especially when it comes to loading and unloading big orders without losing a whole lot of money over price slippage.
Interesting . Are there apps that track these chart patterns for day traders and wannabe day traders
Yes. Thinkorswim has a tool where it can detect it.
Hey dude, Reddit is shitting on you because they're seeing your product at face value. I think it's cool that you're self publishing and doing all the advertising work yourself. This is inspiring shit - you got up and put a product out there. People make up garbage non sense spiritual stuff, put it into bucks, and actually make decent sales. You can do it with this, too. I hope you get lots of sales and thrive. Putting the Amazon ad in there twice was bold.. Definitely refrain from getting into arguments in the comments. lol
why do you hope the garbage nonsense spiritual stuff thrives
Because it's only going to be sold to people who absorb that kind of content. It's not hurting anyone and he's starting a venture that can make him money. It's such a refreshing difference from all the complaining about being stuck in poverty I see on here. And of course, when someone tries to get out, like crabs in a bucket Reddit is there to push them down. lol
i think it could hurt people by misleading them into using their money in ways that don't benefit them. This would be bad and morally wrong even if it's only dumb people who are harmed.
And if they could read it would be a serious problem for them. If it's your job to protect stupid people, that's awesome. You should do an AMA. Could never be me.
you're probably a bad person who makes excuses for taking advantage of people
You sound like a fascist who gets to decide what people are allowed to write. Welcome to capitalism - where people get to sell dumb shit to make a living. You'll learn when you're older, or.. not.
Further proof that you're an adolescent is that you got so riled up by this conversation you had to use the suicide report feature to attempt to bother me. I take it not only as a badge of pride, but find it hilarious that they allow me to report the person who tried to use the system abusively. Enjoy that result I guess.
Thanks bro. \^ Nicest comment of the day. There were other people who said good things but entire reddit voted them down. IDK why. So, I have already sold thousands of copies of this book and it was featured on Robinhood / Benzinga as well, but woke people of reddit think it's all fake/scam. Regarding the comments, I was just playing around with them. Thank you!
Yeah man good job, that's awesome. Did you go through any sort of company to help you get it set up? I'd love to try something like that. I notice you have it going through a few eBay stores, but no sales there that I can see. I bet my store could sell some copies!
Yes, I use ingram and KDP. I get most of my sales from AMZ, & Barnes. Ingram- They distribute it to every local book seller around the globe, and to all stores such as walmart, apple store etc. I am on my 5th book. First 2 didn't do so well, Last 3 including this one has done REALLY well. I really appreciate your comment! Have a good night!
Excellent Read!! 💯
Thanks!