The true power of technical analysis

Few traders start their careers using technical analysis. It’s a strategy that most are unfamiliar with. [Header]( The True Power of Technical Analysis From Matt: It’s helpful to have a game plan when it comes to the stock market. But Imre Gams and I agree that one strategy in particular is especially useful. Today, my colleague is taking over Market Insights to detail this powerful strategy and share how it can both protect your portfolio as well as boost it higher. Hello traders, Few traders start their careers using technical analysis. It’s a strategy that most are unfamiliar with. I was no exception. You see, when I first decided to become a professional trader, I focused on fundamentals – like logic and facts. My first fundamental trading strategy was quite straightforward. I looked for companies that were trading below their fair market value. Sometimes this strategy worked. But most of the time, the hyped-up companies trading at crazy valuations continued to outperform… while the value stocks I picked did nothing. I couldn’t believe that my careful research wasn’t playing out the way I thought it should. So I became obsessed with figuring out why investors would pile into some stocks while completely disregarding others. Eventually, I reached a conclusion that changed the way I traded… Markets are perfectly irrational. Emotions are what truly drive markets – specifically optimism and pessimism. Sometimes, extreme optimism and extreme pessimism coincide with mainstream economics. But often, market movements don’t align with conventional logic. That’s when you’ll hear analysts say a particular move was “already priced in” to the market. [mmi 1024] But that explanation wasn’t good enough for me. I wanted to know if there was a way to predict what a market would do before news came out. As it turns out, that’s where technical analysis comes in… As a technical analyst, I believe human behavior plays out in predictable patterns. I look for these patterns on price charts to track the market’s price action. Now, my career is full of market calls that seemingly fly in the face of conventional logic. Contrarian stances can pay off handsomely. Of course, not every forecast will work out this way. I get some market calls wrong, too. But technical analysis is a superior discipline to fundamental analysis. It allows me to define my risk on a trade in a way that fundamentals just can’t. On every trade I make, I also use a set stop loss. This is determined by identifying key levels on a price chart. When I get stopped out of a trade, I consider myself very fortunate. It means I got out at the right time. There’s no sense hanging on to a losing position. If my technical analysis gets me stopped out, then I’m out of the trade for a controlled and pre-determined dollar amount. That’s important. And it’s the ultimate power of technical analysis. It allows you to identify great trading opportunities as well as pinpoint entry and exit levels. And it can make the difference between a losing trading and a big winning one. To your future success, Imre Gams Check Out My Latest Podcast [mmi 10-23]( Recent action in the world’s largest cryptocurrency – bitcoin (BTC-USD) – has captured the attention of both big institutions and the average investor. And it’s not unreasonable to think major moves could be ahead. So on [this new episode of the SteadyTrade Podcast](, Tim Bohen and I discuss the latest bitcoin action and what it means for the entire crypto market heading into both the election and 2025. I also reveal why I believe bitcoin could reach the $100K milestone soon. © Centurion Publishing 13809 Research Blvd, Suite 500, Austin, TX 78750 [CenturionPub.com]( *Results are not typical. Past performance does not indicate future results. All investing carries risk. 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