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There is more to trading than technical analysis
Do not limit yourself to thinking that technical analysis is the only way in trading.
I think there is a misconception among people who want to start trading that technical analysis is the only way. That was also my first thought when I started, around 17 or 18. I am not trading myself today, but I have followed people who trade, and I have listened to many interviews with profitable traders, in books such as Jack Schwager’s Market Wizards and in podcasts such as Talking with Traders and the Swedish Fill or Kill and Börsens Finest. A pattern is that technical analysis is not the only way, and that there are other things besides technical analysis when it comes to trading.
The trigger
When I listen to many of these traders, the trigger comes up again and again. You can have an idea, a pitch, or an intuition that something should happen, then wait for the trigger that confirms it, like a sniper or a lion waiting for prey. Take a defense stock like Saab, whose share price was weak for years because many countries cut their defense budgets. Then came Russia’s invasion of Ukraine in February 2022, and suddenly you had the trigger that you had been waiting for so long. Cheap defense stocks should no longer be cheap, because states would now finance…
