It is:
- one of the many methods which could be used to control losses in trading/investing
- based on price action which reflects underlying tug of war in supply and demand,
- contributed by public sentiment, institutions' fair valuations, insiders-trading
- made up of different sub-methods, for me I use price behavior and trendlines
- required to know its strengths and weaknesses before consistent application
- like other methods, where profits are made from less experienced players
It is NOT:
- a method that make profits 10/10 nor do I believe anything like that exists
- meant for anticipating long term trends, which are ruled by fundamentals
- all that is to it, the right psyche and risk management comes before TA
- required to know all the TA methods, but it is important to specialise
- trading all the time, only when the specialised opportunity appears
- a sure ticket to easy money as time, effort, patience are required
