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Created on: 2/9/2021 1:39:49 PM Last Update: 2/9/2021 1:57:58 PM Posted by: RTT
1 POST
Which to trade? Fundamentals or Technicals
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 Best to trade technical's, best to trade fundamentals, best to trade technical's, etc.
Consider Paul Tudor Jones quote below.
.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic. There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."...
In short, markets start with macro but in the end they are more like a ponzi.
Which is best to trade fundamentals or technical's?
The answer is both and with different weights at different stages of the market, in the early part of the market fundamentals will have more weight, but as the market matures fundamentals must be balanced with the technical's. Because a market involves humans, and fear are greed are at work, more so when prices are extreme.
To demonstrate the above listen to this very good fundamental chat on Ethereum.
At the 41.40 min mark Raoul Pal answers the question as to a possible price forecast of Ethereum, he says:
.."nobody can think is exponential terms, humans are incapable of this"...
So there you have it after 40 minutes fundamental chat, price is determined by humans in a free market environment of greed (demand) and fear (supply). Technical's are used to measure lows and extremes of greed and fear, just like the price channels below:
Click for popup. Clear your browser cache if image is not showing.
But in the end even Ponzi met reality.
..."The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game"...
Basketball Legend Michael Jordan
The only thing in mania markets is a minute can be weeks, months or years.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..."I was brutal in self-analysis. He told his sons his conclusions: “Successful trading is always an emotional battle for the speculator, not an intelligent battle.”…He knew that his biggest enemy was his own emotions."...
Jesse Livermore
.."A radical is one who speaks the truth."..
Charles August Lindbergh Snr
.."Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it"..
Warren Buffett
..."I always believe that prices move first and fundamentals come second"..
Paul Tudor Jones
My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.
Marc Faber
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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