From the Desk of Louis Sykes @haumicharts
It’s fair to say I used to be a huge nerd.
In high school, I wasn’t into sports, drinking, or other normal teenage shenanigans.
As strange as it may seem, I was super passionate about technical analysis. I would use my English periods and lunch times learning fixated on what these charts meant, reading countless blogs, and spending hours learning what technical analysis was on Investopedia.
It’s hilarious looking back on it now, but I vividly remember my 16th birthday. I convinced my Dad to buy me a flight to Auckland, so I could go to an investing seminar held by a well-known Kiwi entrepreneur, Jamie Beaton.
What teenager wants tickets for an investing seminar for their 16th birthday?
One story you’ll hear often from technicians is that technical analysis opened up finance to them in an intuitive way. No longer were they basing their decisions on arbitrary discounted cash flow models or unreliable accounting figures.
Instead, they were following the only driver that moves markets — money flow.
As I’ve grown over the years, I’ve come to a similar conclusion.