A consistent imperfect routine is way better than an inconsistent perfect routine.
When I've worked with investors that are new to technical analysis, I often find that they spend too much time trying to perfect their analytical approach on a particular chart, and way too little time determining which chart they should be looking at in the first place!
Over the years, I have learned from mentors on how they go about analyzing markets, and what strikes me is the diligent process of following a set routine. Every day I do XYZ, every week I do ABC, and so on.
I developed a "morning coffee routine" that I first started years ago, when I was first learning technical analysis. I have added to and subtracted from the list over time as I have found new techniques and eliminated others.
Here are five observations on how I have set up my on morning coffee routine:
You can read more over at StockCharts.com.
RR#6,
Dave
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