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See, I understand this from your later post where you talk about eating well, running a business etc....I think I just need to get over my physiological barrier to thinking that all this investment stuff is the land of those who have studied, trained and proven themselves multiple times.
In any case, ill be giving this a go over the following year -once I have a handle on Fundamental and Technical analysis
Thank you for your succinct explanations - It helps to ground the conversation.
TA and Fundamental are quite different approaches. Mixing the two might not end well.
Well... it might be OK if you stick to one but only glance at the other approach as a general guide - not taking it too seriously as a basis for your decision.
E.g. Fundamental means you study the business, know it very well, have a good idea of the prices you're comfortable with. Then you see it drop below your estimated values... It might do some good to not jump in right away the moment it go below your value range, might use that glance that the market have its momentum and wait a little longer than the fundamentals suggests.
But if you're serious about both approaches... When do you use what?
So say we're in another boom and the prices go above any reasonable fundamentals... are you going to then adopt the TA approach then or still stick to the preferred approach?
It's good to read far and wide, but at the end of it I think you ought to come to one approach that you understand and find you could use. Chances are it'll have some influence of both approaches, but I don't think it ought to be 50/50, maybe 95/5.
