I've always been told by people in this sub that they either they don't work or are completely useless. After some experimenting I've found that they do work but not in the way everyone expects.
They're mainly for
A) Framing the market. Giving you a basic rundown if you can go long, short, or stay in cash.
B) Find Entry points if you optimize and have a rule-based trading strategy.
After finding stocks to trade with the CANSLIM method, I go through my trading system and see if there's momentum to go long. If not I put in a watchlist and if I see momentum I go long.
Anyone else here find actual success?
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