7 Biggest Mistakes Investors Make
Repeat after me: Charts are a tool to help your investing. They shouldn’t be
turned into a second career. You don’t need 37 different oscillators to
understand whether a stock is showing strength and being bought or sold
by professional investors.
We suspect that much of the reason people rely on these tools is to they
can boast (to themselves, anyway): “This is complicated. I’m cool because
I understand it.” No, no, no. The idea is to make good investing choices,
not to tinker with the tools. The name “technical analysis” for chart reading
is unfortunate. It scares many people off, and, simultaneously, gets many
others (the geeky ones) excited about something complex with its own set
of impenetrable jargon.
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It doesn’t have to be that way. Chart reading
doesn’t have to be complicated to be effective.
There really are only a few basic elements you
need to understand in order to make charts work
for you, not the other way around.
If you’re interested in learning some basics of chart reading, we’re here to
help you with that at Simple Growth Investing. So relax. It absolutely
doesn’t have to be as difficult at you might have thought.
Seven Biggest Mistakes Investors Make