As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday, 17 July 2011

Uncle, Why your Chart so dumb leh? (2)

Read? Uncle, Why your Chart so dumb leh?

Look here! Uncle's chart is not dumb hor. Today, I realized that I actually belong to Kung Fu School of Naked Traders.

Naked Trading refers to trading without technical indicators i.e. the trader's chart is naked with no technical indicators. These naked traders only look at trends and chart patterns. They are also known as discretionary traders.

From the perspective of Technical Analysis, the classic example of a discretionary trader is one who uses chart patterns to make trading decisions in a visual, nonalgorithmic fashion. This type of trader seeks patterns in the charts and tries to determine what they mean given the market situation.

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