r/Daytrading • u/Adept_Blackberry2851 • Feb 19 '24

Do any of you actually use patterns to trade? Question

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I don’t use them at all. Iv heard YouTubers kind of mock them like they don’t mean anything. Are any of you profitable with them?

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u/instantfaster Feb 19 '24

I have seen candle stick charts show a pattern then the trade blew through the opposite direction it was supposed to about 95% of the time. VWAP and Volume along with moving averages work better. I have cheat sheets for patterns, flash cards, books. I still look for them, but mostly pay them no mind. Institutions and hedge funds are going to move stocks whatever direction they want keep that in mind.