“East Asia Economic Online” Column Now Featured: The Work Most Connected to Profit
Good morning, this is Matsushita.
昨日のNYダウは小幅反発、
It is testing a bounce from yesterday's decline.
上海総合指数は高値圏を維持。
The USD/JPY has rebounded to the 109 yen range.
NY Gold is slightly down.
In stock investing and FX,
I will tell you the activities that lead to the most profit.
That is looking at historical charts.
Having taught investment for over 12 years,
ordinary individual investors rarely look at the past
charts, which is surprising.
While they endlessly watch real-time charts,
they wonder whether it will go up or down from now.
Even if you look at real-time charts,
it is completely meaningless.
This is a wasteful act that loses money.
This weekend, Makoto Investment School's
Trading Study Group will be held,
and the five members of this study group
rarely look at real-time charts.
Only during daily trade checks.
Other than that, 365 days a year,
they continuously study past charts.
Not just to look,
they relentlessly verify them.
Therefore, among the five members,
four are already starting to make a profit.
The remaining member joined just in July, and
after verification, will start profiting.
Right now, looking at real-time moving
charts will not increase capital.
Rather, it will decrease.
However, by looking at past charts,
profits can be achieved.
Simply looking at past charts alone does not guarantee profit.
You must look at many past charts—dozens, hundreds—and consider why those movements occur,
whether there are distinctive patterns,
and where profitability lies.
If you do that, you will understand what you should learn next.
Right now, not making a profit is because you do not know the reasons for price movements,
nor the patterns that lead to profit.
That lies within past charts.
The most profitable activity is
to look at past charts.