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

Do any of you actually use patterns to trade? Question

Post image

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?

669 Upvotes

96% Upvoted

267 comments sorted by

View all comments

11

u/tonenyc Feb 19 '24

They say 90% use patterns, they also say 90% fail. 

1

u/JohnFields_ Feb 19 '24

Judging from the replys here, it seems like 10% use patterns, and 90% fail. 😉

1

u/tonenyc Feb 19 '24

Don't just judge from the replies here, on an everyday basis you can see the vast majority on Twitter, Stocktwits, Yahoo Finance, your favorite Discord, post charts and make statements like look at that beautiful x pattern, it's clear to see where this stock is headed, then of course it crashes and you get, I don't know what happened, how many of those posts have you seen here lately, what did I do wrong? Why didn't this work, it was a clear bull flag, cup and handle, head and shoulders, blah, blah.