June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 20. This Isn’t Brain Surgery
As important as you may think precision is in investing, market analysis of any kind is just not a precise endeavor. Sure, for an arbitrage trader moving millions of dollars, euros, or yen around the world, every decimal point is important. But when you are an average investor or even a smaller-scale professional, squeezing that last sixteenth of a point out of your trade of 500 shares does not add up to that much money.
The same thinking can be carried through to the analysis itself. Price patterns or moving averages are still arbitrary, no matter how many computers are used to derive them. The market is a living being and as such, it does not react to the world exactly the same way twice. Nor does it care ...
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