Quote:
Originally Posted by lewdog
Fundamentals rarely apply to trading but more long term investing. I don’t even look at fundamentals when swing trading, only moving on technicals. I don’t care if the company I’m trading is severely in the red, I’m only buying short term and looking for momentum. If I’m long a stock, that’s only a play if it’s a solid company with good financials.
I don’t think many new investors look at fundamentals or technicals though.
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So basically you are gambling- but, you are at least using data to make educational guesses on the market- that is far more than what is happening on Robin Hood.
It seems Dave and others are just trusting their money to a random post on social media. Scary.