This has become a very interesting thread.
I had been meaning to ask Saul about GTLS, having seen its downtrend.
When Saul sold around $102, it was the same time that Quillnpenn’s chart said to sell [Nov 2013].
This method is for chartists or swing traders - and most here maybe don’t invest that way, I don’t know.
It’s not for everyone, certainly. Regardless of whether it’s for you or not, it works very profitably for some.
It’s not to the exclusion of fundamental analysis, it’s simply
a different approach to handling your assets.
Swing Traders making a living with simplicity after doing some strong Fundamental analysis before pulling the trigger …
Personally, I’m fascinated and trying to learn.
I’m not that familar with charting but if today is a buy signal for PEP wouldn’t Nov 11th also have been?
I’m interested in learning how your buy/sell timing works.
Quillnpenn didn’t say “today” [30Apr] was a buy signal.
Quite not. Nov 11 was not a buy either; it was the second week of a
strong sell. [Again, according to the chart Quillnpenn linked.]
As he said, watching the green bar-red bar signals. And he emphasizes compounding one’s profits.
Albert Einstein called compound interest “the greatest mathematical discovery of all time”.
[…from the excellent Investopedia article he linked]
For anyone interested, a plain and simple educational base has been laid out here.
Best of the Evening to All.
Just something OT …couldn’t help myself bec Einstein was mentioned…
Einstein also said, “I know not with what weapons WWIII will be fought. But WWIV will be fought with sticks and stones.”