Wave Action;289229 wrote:Using technical analysis ( TA ) and fundamentals . Started this in the sub section as I don't want to clutter up the main board. Why not ? Everybody tries to time the market. On a daily basis there's posts buying IT's trading at a discount , others just taking a punt and some just topping up. I use the tea leaves and have done for years. I'm not day trading as I couldn't but I trade short term in an ISA and SIPP.
My set up isn't perfect as nothing is but it can be rewarding . I use a few simple indicators and moving averages in an attempt to ride the waves. Normally ETF's which track the indices such as UK , US , Europe and Japan. Throw in a few UK shares and that's it. My benchmark is the MSCI World Index as a global tracker. It's the easiest DIY way to set and forget and go down the pub . Very good track record since launch in 1969 and currently 10% PA. Not many funds can manage that over time.
I'll throw in a few links about the economy along the way just to add a bit of commentary. Rates, inflation, growth prospects, that kind of stuff. Here goes I'll run it until end of 2024 then it can be judged . Good luck everybody.
Marty Schwartz clocked up one of the best trading records in history just trading the S&P500 (afaik) with a short-term EMA crossover.
The thing I'd say is, if you're using real money – or intend to make real money – you have to backtest properly.. Jesse Livermore commented that people will spend longer researching a secondhand car purchase than they will a stock market investment – which is insane. People have incredibly poor money instincts.. So (imo) if you're not willing to learn Python/C++/Pytorch/Eigen, and really have a good understanding of stochastics and data analytics, you're going to be lightyears behind the average, fresh-faced quant employed by banks and hedge funds these days, who still struggle to generate appealing returns.