Welcome to Stock Plot
A lot of investing websites encourage short term or day trading. They have articles that try to convince you that you can get rich quick via so-called technical analysis.
They claim to help you to predict the next twist & turn in the stock price based on identifiable patterns.
These don't work.
Stock prices are highly volatile in the short term as prices can be affected by:
- Memes on social media
- Analyst reports
- Industry news
- General news events
- Earnings updates
As well as fundamentals. Due to the fact that the stock price just reflects the opinions of the mass of investors at any given point in time, it's no wonder that it moves around so much.
Stock Plot is aimed at long term investors so doesn't provide any analysis shorter than a 1 year timeframe, with 10 years preferred.
