How to Tell the Story of a Stock + I Bought a Course
In the WIKI (link below) there is a section called "How to Tell the Story of a Stock", which is an important thing you will need to do before entering any trade. Here is an excerpt from the post: "And that is the story of MSFT. When you look at a chart you need to be able to see the story it is telling you and then judge the price action accordingly. Once you know the story the issue of what is noise and what is real, the question of when to get out and when to stay in, all become much more clear - as it either fits with the story or it doesn't. If you don't know the story then you are looking at numbers without context, and that is always a dangerous way to reach the wrong conclusions." Over the past 6 months or so I have been watching some technical analysts give their commentary on stocks and the market, and I found that Matt, AKA The Great Mattsby to give some great analysis IMO. Now, there are so many people doing this online, and I’m sure there are other great commentators, but I do really feel that Matt knows his stuff. I have been watching his YouTube videos and commentary on X, and he’s been spot on many times. IMO, and remember I’m just a beginner, he knows how to tell the story of a stock and the markets in general. This post from the WIKI about how to tell the story of a stock instantly made me think of Matt. I've been watching a lot of Matt’s analysis, and I recently decided to purchase his course and learn more about technical analysis and his strategy. I don’t know Matt personally and have no affiliation with him, but I’ll link his social media accounts below if you want to learn more. I asked Matt what his edge was and this is what he told me. I’m paraphrasing here: "Recognizing market symmetry on every chart is my edge. When you can do this, you can just let the charts do what they are supposed to do, and trade without emotion. The more you do this the more you will see every chart follows it." Matt is more of a position trader. So he doesn’t day trade. Very simply he buys at support and sells at resistance. He can recognize market symmetry on any chart. He gets excited when stocks are at their support levels and is cautious when things are approaching resistance levels.