How did Technical Analysis happen to Dr. Narayan?

TL;DR

A self-taught individual in the financial field stumbled upon a book on analyzing prices, leading to a transformative realization about technical analysis.

Transcript

doc let's talk about how did technical analysis happen to you what is your earliest remembrance that when you came across the subject technical analysis and whether you was it like an aha moment Wow like how did it happen and when did when did this thing happen yeah I came to market in 1977 and so at that time there was hardly any technical analysi... Read More

Key Insights

• ❓ The individual started their investment journey as a fundamentalist but later realized the limitations of this approach.
• 📔 The discovery of technical analysis through a book on analyzing prices was a transformative moment.
• ❓ The individual's natural affinity towards technical analysis may have contributed to their success.
• 🐢 Limited availability of resources on technical analysis made learning a slow and gradual process.
• 🛀 Even in the early 1980s, technical analysis showed promising results for the individual.
• 🥺 The individual's passion for reading and constant search for new knowledge led to their discovery of technical analysis.
• ❓ The combination of trended markets and the individual's affinity towards technicals might have contributed to their initial success.

Questions & Answers

Q: How did the individual initially approach investing before discovering technical analysis?

The individual was initially a fundamentalist, relying on reading balance sheets and making forecasts based on fundamentals.

Q: What triggered the individual's interest in technical analysis?

They stumbled upon a book in 1981 that discussed analyzing prices, particularly through moving averages, which fascinated them.

Q: Did technical analysis immediately prove successful for the individual?

After keeping records using moving averages, the individual found that technical analysis worked well for them around the end of 1981.

Q: How did the individual continue learning about technical analysis?

As there were limited resources available at the time, the individual had to rely on friends to send them books on technicals and technologies, which took time to arrive.

Summary & Key Takeaways

• In 1977, the individual entered the market as a fundamentalist but found it insufficient by 1981.

• In 1981, they came across a book on analyzing prices, particularly moving averages, and became fascinated by the concept.

• They started keeping records and discovered that technical analysis worked well for them, leading them to continue exploring the subject.