I saw this from my friend Brian Shannon a great shorter term trader and lover of charts.
charts are criticized for “perfectly predicting the past” by close-minded market participants who cling to stale financial reports. have an open mind and use the best of both, nothing wrong w identifying a strong company via fundamentals and then timing the entry w technicals
I’m with Brian.
I let the all-time high list do most of my fundamental research.
I am always explaining my public markets strategy to people. I love doing that because it forces me to hone things.
Most investors or traders will never get comfortable with my style. Thank goodness. Less competition.
When I talk about high price, trend following, buying high to sell higher…I lose almost everyone.
But what about fundamentals…but what about valuation…but Hillary…
The best stocks of all-time defy all valuation metrics and I have no rebuttal for ‘but Hillary’ (other than walking away).
It’s repetition and process. I am so lucky to love what I do.
There will always be posers in life and on the all-ime high list, so you still have to walk the streets, spend some money, make calls, read smart people and learn to trust your eyes and ears.
