Yes, i do agree with you , a fundamentalist needs not have to bother much on day to day movements basically.
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To Loy Yat 82,
If a person that depends lot on chartings ( usually not on fundamental stocks ) to do trading, one may have to monitoring quite closely unless he buys only blue chips. That is quite the standard in practice.
Whether scare or not as mentioned by you is another issue. If you are not scared to lose the money, then there is no need to do chartings anyway. Why needs to bother to know about where are the support lines ? Why bother about US markets and so on ? Just buy whenever people fear, sell whenever people greed ! There are people buying and sell on valuations, not on charts, also can make money.
People buying fundamental stocks on long term are not scared to lose, not affected by day to day price movement.
Do you aware that people also need to do some homeworks on charts first to make a counter looking "bullish " before goreng that counter ? Before you get to chart to know the sell signal, the game could be over. I mean it is not 100% fool proof using chart , and you have to be on alert if the chart looks extremely bullish, not to fall into the trap of others.
If you want proof, then all you have to do is to pay more tuition fees to share market.
Yeah, you have highlighted some good points here, nevertheless, FA and TA trading does have a different between the two. I classified myself as FA but sometime i do TA when market is choppy. Irrespective what am i, i watch market daily, am i a bad investor ???
Good point. SKY 1809