The top five technical analysis
technical analysis indicators that you
can use to help you consistently make
money in the stock market. My name is
David Jaffee I run BestStockStrategy.com
you can go there enter in your
email and receive valuable information
that's worth over $400 and to a lot of
people that free training that I provide
is worth a lot more than four hundred
dollars sometimes it's worth a few
thousand dollars so technical analysis
I'm gonna make this extremely short and
tell you that the top five indicators of
technical analysis are void because
technical analysis as a whole does not
work at all in fact what people do is
they misattribute probabilities and then
they assess a name to those probably to
those winning trades and tell you that
that's an indicator so for example if
you date trade the probability that
you're gonna win is probably on every
specific trade when you factor in
commissions is probably around between
forty and forty five percent so the more
you trade the higher statistical
probability that you have that you're
gonna lose money but if you win on forty
to forty five percent of your day trades
what these fake gurus do is they will
take those four out of ten trades and
then they will tell you that here's
their support here's the resistance
I used candlesticks and moving averages
and all these things they'll show you
those four trades they'll tell you that
they have a specific skill or an
indicator that works or a pattern or a
strategy and then they'll repackage that
and then they'll sell it to you but the
reality is that they are taking random
price movements and they are assessing
and miss assigning and claiming that
it's a strategy when I went to Cornell
University I took a class a psychology
class by Tom Gilovich
and he was one of the professors who did
a study I think on
free-throws about telling you that you
know you can get hot like if you hit
three or four shots and the citizen
statistical probability of hitting your
next shot people will think it's
actually higher but the reality is that
if you flip a coin 500 times you are
going to have a string of seven or eight
consecutive heads or tails now that's
not skill that's just complete luck so
what these people are doing is they are
taking random price movements and they
are telling you that they have the
ability by using these indicators which
are profitable four or five times and
then they're selling you a package I
don't know any professional day trading
firm that relies on technical analysis
goldman sachs
citadel the hedge funds even Sequoia
they do not rely on technical analysis
instead they are market makers so they
profit from the bid-ask spread
differential so I'm gonna make it
extremely easy for you the top five
indicators are that you shouldn't use
technical analysis at all because if you
trade with using technical analysis or
day trade or use or trade forex or
futures or anything like that
you're going to lose all your money the
only way that you have a statistical
advantage and that you can act like the
casino and not the gambler is by selling
insurance and by selling put options
I recommend that every single one of my
students learns how to sell put options
on large cap stocks like Facebook and
Boeing and Amazon because there is never
a situation where selling a naked put
option is more risky than owning stock
now people are going to tell you
otherwise
take screen recordings and show their
full transaction history of all of their
executed trades you should not listen to
those people so now that you know better
you should know that technical analysis
is a complete fraud and don't waste your
time because not only are you not going
to turn ten thousand dollars into five
dollars but you are going to lose all
your money this is David Jaffee from
BestStockStrategy.com. Please like
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to help people and if you have any