How to use knowledge of technical analysis? How to market it?

Question

I am expert in wave theory which is used to know the future of stock market. I am practicing this for many years. Now I can perfectly tell where stock market will go in future - short/ medium / long term (not on daily basis). But I don't have enough money to get benefit from it. What should I do to take advantage of my knowledge?

Answer 1

First of all rajatharjani is an amateur. Fundamentals are good, but they are not the be all end all. Both fundamentals and technicals are needed. Fundamentals will tell you what a market will likely do in the future, but the technicals you need to time your trade. A true pro is a Technofundamental trader. He uses both (if he's a long term trader).

As rajatharjani this, if fundamentals are so great, how then can a day trader or momentum trader use fundamentals accurately? Fundamentals are used for long-term perspectives, the technicals are for short term.

I'll give you an example, in the late 90's all the fundamentals were saying to buy gold, yet gold kept trending lower and lower. Gold was trading below it's production cost of $310 per ounce, demand was outpacing supply by 2500 metric tons a year, yet gold kept falling. So if fundamentals were the be all end all, you would have bought gold in the 90's and lost money.

I also felt that gold was a good buy because of the fundamentals, but I knew that prices would continue to trend lower as the technicals were not giving signals of a price bottom. When the techncials gave a signal of a price bottom in the early part of the new millenium, that was when I really pushed gold because both the fundamentals and technicals were now signaling a buy.

And let me guess, rajatharjani has probably been trading for about 5 years and thinks he's the cats meow of traders. I've been trading for over 20 years and I still think I'm a novice, I have much more to learn.

Anyone that tells you one thing is far superior above another is a legend in his own mind.

Oh and by the way rajatharjani, I've pin-pointed market turns to the exact day and within 1/4 tick of the price extreme using technicals. Have you done that with fundamentals? It's not easy and I've only done it a few times, but I've never seen a fundamental trader pin-point turns with that kind of accuracy.

I am a Technofundamental trader, I use both.

Now, to your situation. You need to build a track record, you need to start a newsletter. See if you can get a list of investors/traders (there are companies out there tha sell them) and send a free newsletter to them with your predictions. Do it as a free subscription say for 6 months or a year. If your forecasts are good, they'll notice. Then tell them the free subscription will be converted to a paid subscription. You're forecasts are good, they'll buy it. Also, price the subscription for a price that would be expensive. That's because the more expensive the subscription price is, the preception of the forecasts will come across as being of superior quality. For example, a newsletter subcription that costs $50/year is going to be seen as lower quality than a newsletter that costs $599/yr. It's a psychological thing.

Answer 2

You're full of crap. Technical analysis has a questionable record in short term and has a disasteous record in the long term so find another job coz only idiots will buy what you have to sell. Fundementals are what counts!!!

Hey 4x, I've been trading options for a while and have a return of 50% a year so I think I know what I'm talking about. I also work for a prestigious investment bank so I'm the pro and u're the amateur.

Answer 3

Start a newsletter. Set up a Web site and charge people $300 a year for a weekly e-mail newsletter with market forecasts.

Answer 4

I guess it depends on what exactly you want from your career. If you want to work for yourself and help individuals/corporations/or whatever. Once you decide what direction you'd like to go with it, just be sure that you can prove to your employer or clients that you honestly know what you are talking about. If you are really that great at predicting the market, and make good business decisions, then you will be set!

Answer 5

Start something up! People want to see results first. You need some evidence supporting your analysis.