“Chartjunk refers to all visual elements in charts and graphs that are not necessary to comprehend the information represented on the graph, or that distract the viewer from this information.“- as defined by Edward R. Tufte
After observing, investing, and trading markets since 1999, I have decided to start my first blog. The wealth of information (and misinformation) available on the internet, books, and CNBC, I believe overcomplicates, distracts, and downright confuses all types of investors and traders, both experienced and inexperienced, and successful or not. I would like to present a simple tool based on the teachings of Jesse Livermore, Nicholas Darvas, and William O’Neil that hopefully can eliminate the unnecessary for you. A fundamental understanding of these teachings is required (which can easily be found for free on the internet as I will not rehash this information here), which focus on overall market trend, price, volume, 1-3 moving averages, and top fundamentally sound growth stocks. However, as the blog title implies, an understanding and use of such studies as ADX, ATR, Bollinger Bands, Elliot Wave, Ichimoku Cloud, ZigZag, etc. is not necessary and should be avoided.
The blog will provide a focus on stocks/ETFs near a pivot range that should be added to your watchlist. The presentation of this information should provide an intuitive, simplistic but historically proven profitable approach to the markets.