Analyzing indicators, patterns and other line studies in a chart to pick a potential winner
takes time.
To quote Martha Stokes: “There are hundreds of stock indicators, and many different
types of charts you can use. There are dozens of drawing tools. So why is it that 80% - 90% of all retail traders struggle
to be consistently profitable?
Because they are all stuck in the “CROWD MENTALITY”.
Almost everyone is using the same strategies and indicators
that others have also learnt and are using."
The objective is to make chart analyzing as simple and as
fast as possible in order to be able to eyeball as many counters as possible. At this time this is as simple as I can make
it and as usual everything can be improved upon but I feel it is now time to move on to
the next assignment and that is to review and cull the non-tradeable counters from the 900
over main counters in BURSA Malaysia. As Kenny Rogers said: “Know what to throw
away, know what to keep.”
