Good Investing Lessons

After many years of struggling, in the end, I realise that identifying trends is still the most important skill in chart reading. Various indicators are mostly trying to catch small turns in the price directions. Since charts are based on historical data, the information we can get from the charts are mostly lagging. Using charts to catch immediate changes in price direction is quite difficult. However, for long term trading or investing, I think charts are more useful in telling us the future movement in prices. Certainly, for longer term investing, the market fundamental is still the major deciding force. Reading the chart helps us know where we are relative to the overall position. That in turn gives indication of when to buy and sell. Many gurus advised us not to time the market. Certainly, that is fine if we consider 25 years ago when we have time and if we could set aside say $100K or more and we invest based on pure fundamentals, we would probably be sitting on $millions. That