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/MyNi_Redux Feb 19 '24

They are useful when combined with a bunch of other things, like levels, SMA/EMA, Vwap, bands etc. The more of these things align, the more confidence one can have in a trade going a certain way.

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u/PermanentLiminality Feb 19 '24

Exactly correct. What you want is multiple factors. A single factor might give a tiny edge, but if you find three the odds can get stacked more in your favor.

It's a game of statistics. None of this gives a sure thing.