Similar Charts is insightful but Remember: “be fearful when other are greedy...”
Good investment is about informed investment, hence Similar Charts provide investors insightful info, based on historical data, and artificial intelligence guided forecasts, to provide investors useful info to guide the next move.
Note the forecasts should always be treated as a perspective based on an opinion guided by historical data, it may or may not turn out the way it predicted, but helpful to know. More importantly, daily stock price predictions (or price fluctuation) while useful for day or swing traders, long term value investors should remember the reasons one had invested, and the daily price changes can be just short term noise that one could ignore (if the reasons or fundamentals one used for the investment remain valid and sound).
Remember it always difficult to time the market, even with tools like ‘Similar Charts’, for it is the time (one stay invested) in market that often helps one see their portfolio grows over a long term horizon, e.g 10 to 15 years, or at least over 3 to 5 years. Of course, one can see spectacular gains over a shorter time horizon, when applying value investment strategies, but that may not be the case for all high value stocks, as price move up or down for many reasons, intrinsic value or worth of that stock may not be the reason for the short-term price movement.
Nevertheless, regardless if you are a trader or investor, tools like Similar Charts offer invaluable insights and added perspective, something worth taking into consideration before each trade/investment decision. In addition, sometimes the best trade/investment is done, when most people are doing the opposite, that is, as suggested by a investment guru (Warren Buffet), “be fearful when others are greedy, and be greedy when others are fearful”, hence one still need to do one’s due diligence, and not follow blindly the suggestion of tools or any other advisers (without doing one’s due diligence), as what is good for other investors may not be good for ourselves, as we may have different investment profile (e.g. time horizon).
Best wishes for your next investment
Note the forecasts should always be treated as a perspective based on an opinion guided by historical data, it may or may not turn out the way it predicted, but helpful to know. More importantly, daily stock price predictions (or price fluctuation) while useful for day or swing traders, long term value investors should remember the reasons one had invested, and the daily price changes can be just short term noise that one could ignore (if the reasons or fundamentals one used for the investment remain valid and sound).
Remember it always difficult to time the market, even with tools like ‘Similar Charts’, for it is the time (one stay invested) in market that often helps one see their portfolio grows over a long term horizon, e.g 10 to 15 years, or at least over 3 to 5 years. Of course, one can see spectacular gains over a shorter time horizon, when applying value investment strategies, but that may not be the case for all high value stocks, as price move up or down for many reasons, intrinsic value or worth of that stock may not be the reason for the short-term price movement.
Nevertheless, regardless if you are a trader or investor, tools like Similar Charts offer invaluable insights and added perspective, something worth taking into consideration before each trade/investment decision. In addition, sometimes the best trade/investment is done, when most people are doing the opposite, that is, as suggested by a investment guru (Warren Buffet), “be fearful when others are greedy, and be greedy when others are fearful”, hence one still need to do one’s due diligence, and not follow blindly the suggestion of tools or any other advisers (without doing one’s due diligence), as what is good for other investors may not be good for ourselves, as we may have different investment profile (e.g. time horizon).
Best wishes for your next investment
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Hi-OOP : Typo error in the title, it should read: Similar Charts is insightful, but remember: “Be fearful, when others are greedy...”.
By that I meant that the forecast provided by Similar Charts can also be seen as behaviour of “others” (other traders/investors), and one still has to be mindful of the advice of the investment guru: be fearful when others are greedy, and be greedy when others are fearful, when considering the forecast provided by the tool such as Similar Charts