Ask HN: How to use technical analysis for long term investing?

Re:Ask HN: How to use technical analysis for long term inves... by kjellsbells on Thursday December 30, 2021 @01:03AM (#29734119)

You may not want to hear this, but technical analysis of /price data/ is a fools errand for a number of reasons. There are the folks with PhDs who dream in C++ about martingales but even they dont consistently beat the index. More fundamentally, as a retail investor, you cant get better arbitrage than the pros can since they know 10x more than you do (I dont believe that the protections and firewalls between banking and broking are anything more than useful fictions, which means brokers and market makers always know more than you do).

I do think it is worth using technical skills to audit non price data however. Much less sexy but more valuable. P/E, FCF and all that.

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Re:Ask HN: How to use technical analysis for long term inves... by kpr21 on Thursday December 30, 2021 @10:11AM (#29737300)

Thanks. Very well said. I agree with you. I am actually passionate about non price data like cash flows, balance sheet, income statement, PE, EV/EBIDTA, etc. But I have seen a lot of long term fundamental based investors talking about using technical analysis (price data) to get a better entry point. In that context, I wanted to try technical analysis. To be honest, I dont like technical analysis. Find it very boring.

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