The last ever posting from Noel?9 Jan 2023 14:35
I'm thinking of making this my last ever posting.
There is no point. Every board is the same - you make a realistic prediction of a price falling and you get insults and abuse.
The share price drops as I predicted and I get even more insults and abuse.
But ! - anyone who makes unrealistic predictions of big rises gets cheers.
The share price drops and they still get cheers.
No one wants truth and honesty - they want sugar coated dreams - Santa Claus is coming early. Of course it's not just dreamers, the boards are full of rampers, acting in cahoots, who have an agenda and they get very nasty.
In less than a week I have just made a rather nice profit (as can be verified by my posting on the BRWM board, I predicted the rise and it happened over the next two days) so I might spend my profit on more DELT shares. This is nothing to to with charting, it is, as cookoo said, a gamble. I'll think about it.
That profit from BRWM was due to TA \ charting and I explained it fully on that board. Further to my tip about doing a bit of reading about a few chart patterns - yes, it can go wrong, but it will bring more rewards than losses. It is about interpreting the patterns. Life is full of areas where interpretations are made. Doctors sometimes misdiagose a case. They make interpretations of the symptoms. They are sometimes wrong, but more often right.
Geologists make interpretations when they study the data, and the mentality of the geologist affects his \ her decisions. I know quite a bit about this. Years ago, a company I worked for brought in a computer package to deal with the problem of some geologists being more risk averse than others, and their mentality affecting the decision making process. I had to train the geologists to use the risk analysis software.
To those who dismiss, and mock, TA as being like reading tea leaves - TA works, but you have to tread carefully and accept that mistakes can occur, just as doctors and geologists can make mistakes but they generally get it right.