Car Key Boi
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do we sometimes overcomplicate things and "see" patterns that aren't really there?
i know i sometimes do this when i'm looking at a bunch of fundamental data or reading a news item regarding a stock
just been reading some of the TA threads and i'm thinking perhaps some of the TA Bois (& Gurls) do the same
yuo can take a chart for any stock and place a bunch of indicators on it, super impose other stuff on it, invert the chart, reverse the chart, and come up with a gazzilion different takes on it
i was playing golf this weekend with a buddy who's in his late 30's now. He used to be a low handicapper when he was in his early 20's but now he plays of 26. He still has a sweet swing and the decline has been in his putting, not his tee to green play. A decade ago he would spend 30 seconds lining up a putt. He would look at the putt and think "okay, that's got a slight left to right break of a few inches, let's go for it"
ten years on, faced with the exact same putt, he takes forever to line it up
he now 'sees' every little borrow and blade of grass that's out of place and adjusts his aim accordingly and more often than not he misses the putt
i just wonder sometimes if we do the same when it comes to trading, we overcomplicate it and 'see' things that aren't really there or relevent
what do YUO think?
- Car Key Boi
i know i sometimes do this when i'm looking at a bunch of fundamental data or reading a news item regarding a stock
just been reading some of the TA threads and i'm thinking perhaps some of the TA Bois (& Gurls) do the same
yuo can take a chart for any stock and place a bunch of indicators on it, super impose other stuff on it, invert the chart, reverse the chart, and come up with a gazzilion different takes on it
i was playing golf this weekend with a buddy who's in his late 30's now. He used to be a low handicapper when he was in his early 20's but now he plays of 26. He still has a sweet swing and the decline has been in his putting, not his tee to green play. A decade ago he would spend 30 seconds lining up a putt. He would look at the putt and think "okay, that's got a slight left to right break of a few inches, let's go for it"
ten years on, faced with the exact same putt, he takes forever to line it up
he now 'sees' every little borrow and blade of grass that's out of place and adjusts his aim accordingly and more often than not he misses the putt
i just wonder sometimes if we do the same when it comes to trading, we overcomplicate it and 'see' things that aren't really there or relevent
what do YUO think?
- Car Key Boi