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I want you to be ruthlessly, relentlessly, brutally honest, no politically correct bullshit, no socially correct bullshit. Don't give me any fancy, flowery, fluffy bullshit, okay? I want you to be severe. Now I'm going to test you with this question. Tell me. Those people that are commonly on YouTube but also posting on Reddit and Twitter that post trading pictures, and they're showing graphs, and they've drawn colored lines over the graphs, and then they're using names to describe what is occurring in the graph. A lot of, no, all of it, all of the words are jargon, right? They're meaningless outside of the context of trading, but I have no personal trading experience. I want you to tell me, is all of that shit made up? Is it all bullshit? They are just making shit up aren't they? points to graph "look right here this is a double-crane-helix set to intensify into a cool-veiled-hook which means you buy here now!!
I don't know whose youtube videos you have watched, I haven't watched most of them.
But I find I do better / am less stressed when I force myself to draw my own lines on my own charts.
I don't have names for the lines, but they are basic price action patterns someone probably named decades ago.
Later the price will touch or break through a line, or go no where near it. All of that is information useful to me to decide when/if to sell calls or puts, or buy more shares or call/put LEAPS
I have 20 different positions. I only expend this effort on my biggest positions.
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