It’s Gotta Be the Charts
Posted on January 14th, 2010
Written by Richard
Posted in: N/A (old archives)
Whenever I see people on forums endlessly discussing whether or not to use indicators, I always think of this old ad campaign:
Without spending much time on it, I’ve at least made attempts to explain this here and here and here.
I’ve even seen traders criticize each other on forums for their choice of chart background color! And, they were seriously trying to be helpful, which either makes this post more funny or more sad. I can’t say which.
I think people get caught up in the details because (1) they have easy control over them and (2) they can form cliques around their irrelevant choices. I guess it’s more fun to lose money if you have a bunch of other zealots to pal around with :-) More seriously, it gives them something to divert their attention from the scary fact that they have no idea what they are doing, and don’t know how to “fix” it.
Don’t get caught up in this BS. If you want to be a great basketball player, put on some comfortable shoes and practice. Don’t spend all your time shopping for the pair of shoes that will make you a star.
Comments
© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.