Mall Cop once again perfectly on point in today’s stream:
“What do I think about the Chartered Market Technician designation? I think it's completely useless. If you want to make tens or hundreds of millions of dollars, you can skip it. You don't need it to do anything, what you need to do is go through every single stock in the US stock market, look at the ones that made big moves at any point during their existence, and then you go back and search what were the patterns, what was the news, what were the market conditions, that's all, you know. You don't need anyone. You don't need any designation, certification, it's all for losers.
You need to understand how the stock market works. What makes it tick. Why and how stocks move. How different sectors move. And in what market conditions do certain sectors work better than others. That's what you need to do. Go back twenty, thirty years. You don't even need to go back that far. You can just go back the past five years, and you'll find at least three or four setups that occur over and over again.
You don't need to know anything. You don't need to do any fundamental analysis. You need to be aware of the sector. You'll outperform most people. The most important thing is avoiding all the bullshit out there, all the misinformation. There’s so much noise and bullshit out there. So many losers selling all their courses and stuff.
The closer you can get to reality, the better. Unfollow all the people on Twitter, social media. Leave all these stupid stock Discords, they are for retards. Especially if you're paying for a stock Discord, just stop. Apparently that's a thing, don't do it. The less noise the better. All you need to do is listen to the market. Pay attention. Don't listen to the news, listen to the markets.”
