Hubert Senters here.
Let’s take a look at a question I’ve got. Question from Boyce.
Hubert, I am a long term option trader and I primarily use the fundamental’s I just find them more reliable.
Most traders seem to think reading the charts only has a 65% accuracy. What are your thoughts on technical vs fundamental analysis?
So I’m more in the technical side of things. I think either one of them can work. I don’t really. I mean for I don’t give a shit as long as it’s working. I have made a lot of money with fundamental analysis. And I have made a lot of money with technical analysis.
I think they’re both useful. I think they’re probably better use together and then independent. But if you held a gun to my head and say pick one, I’d pick technical. Because CEOs and CFOs they’re always just cheerleaders for their stock because their compensation is tight too held the stock is doin something.
So then they’re going like say we’re terrible, we suck in the market right now. So that’s my take on it. I think you can use either one. The 65% accuracy is going to be trader dependent. I don’t think you can put a number blanket on accuracy on technical analysis. I would tell you that most people that trade for a living professionally
We are usually more wrong than we are right. The risk reward ratio ends up saving most of the time. But you know that’s just how it works. But I don’t think either one of them is good or bad. It’s just whatever works for you. Continue to do that. Continue to evolve over your career and you’d be good to go.
But just so we’re clear I’m more of a technical fan than I am a fundamental fan. But if you do use fundamentals I would couple them with technicals because there’s also been some companies that lied on their financials. Fundamentally they look great and the whole time it went to zero. Just be careful with that stuff.
Mark Helweg is going to be doing a special webinar on ”How to Take Super Small Risk and Target Massive Winning Trades”
That’s what I was just talking about. Mark and I were in the same camp when we’re talking about small risk for potential large reward.
He’s going to walk you through how to do that. I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
