Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to tea42,yyuryyub,Howyoudoin,Anonymous,EverybodyKnows, for Donating to support the site

Ignorance Seeking Enlightenment

Reading price charts which may give you direction in the market using established TA methodology
AWOL
Lemon Slice
Posts: 455
Joined: October 20th, 2020, 5:08 pm
Has thanked: 299 times
Been thanked: 228 times

Ignorance Seeking Enlightenment

#449165

Postby AWOL » October 10th, 2021, 7:04 pm

You TA guys may be able to enlighten me. I cannot watch a Youtube video without getting an eToro advert where a guy says "the market is looking strong, I'm in". This seams counterintuitive to me but perhaps it represents momentum trading. Does buying "strength" make sense? What do you think they mean by "strong"?

I like to buy growth at a reasonable price 8-)

tacpot12
Lemon Pip
Posts: 62
Joined: July 19th, 2018, 10:24 am
Has thanked: 27 times
Been thanked: 40 times

Re: Ignorance Seeking Enlightenment

#449317

Postby tacpot12 » October 11th, 2021, 3:11 pm

I think they mean that there are plenty of buyers in the market, so prices should be increasing. Of course, they would say that, wouldn't they. They want you to trade with them so they will either suggest that you should be buying, or that you should be selling. Their reasons for suggesting you should be buying now will be nothing more than a hunch.

They are appealing to people who understand the concept of momentum in a market, and hoping that you will want to jump on the bandwagon. This may be a good move, but I would not accept this suggestion from a trading platform without doing more homework.

GoSeigen
Lemon Quarter
Posts: 3563
Joined: November 8th, 2016, 11:14 pm
Has thanked: 1124 times
Been thanked: 1069 times

Re: Ignorance Seeking Enlightenment

#449321

Postby GoSeigen » October 11th, 2021, 3:43 pm

AWOL wrote:You TA guys may be able to enlighten me. I cannot watch a Youtube video without getting an eToro advert where a guy says "the market is looking strong, I'm in". This seams counterintuitive to me but perhaps it represents momentum trading. Does buying "strength" make sense? What do you think they mean by "strong"?

I like to buy growth at a reasonable price 8-)


You should ask the Youtuber or at a minimum post a link to the video here. Otherwise how can anyone possibly know his thoughts? It could mean any of a number of things.

GS

compscidude
Lemon Pip
Posts: 66
Joined: November 6th, 2016, 10:07 pm
Has thanked: 11 times
Been thanked: 45 times

Re: Ignorance Seeking Enlightenment

#455243

Postby compscidude » November 3rd, 2021, 3:15 am

What do you think they mean by "strong"?


Strong means whatever you want it to mean, as long as it makes you trade with eToro. That's how marketing works.

comp

GoSeigen
Lemon Quarter
Posts: 3563
Joined: November 8th, 2016, 11:14 pm
Has thanked: 1124 times
Been thanked: 1069 times

Re: Ignorance Seeking Enlightenment

#455245

Postby GoSeigen » November 3rd, 2021, 6:36 am

compscidude wrote:
What do you think they mean by "strong"?


Strong means whatever you want it to mean, as long as it makes you trade with eToro. That's how marketing works.

comp


Comp is right, my answer was dumb because I skim read and missed the bit where it was the advert not the video saying the market is strong.

GS

AWOL
Lemon Slice
Posts: 455
Joined: October 20th, 2020, 5:08 pm
Has thanked: 299 times
Been thanked: 228 times

Re: Ignorance Seeking Enlightenment

#507854

Postby AWOL » June 17th, 2022, 10:11 am

I am not smart enough to trade anyway. I just invest and an overwhelmed by GoSeigen's posts. I also have a highly literal mind and don't get what people mean when they use modern idiom. Thanks guys.


Return to “Technical Analysis”

Who is online

Users browsing this forum: No registered users and 2 guests