The Dangers of Using Technical Analysis Tools

Andrew Keen: The danger with these tools, and I've fallen prey to this as well, is that you start learning about these indicators. Once you have enough squiggly lines on your chart, Andrew, you can convince yourself of whatever you want, right? If you just lost a ton of money on Netflix, then you're not going to want to buy back in even when all of those indicators are telling you that a new trend has begun. Your anchor'd have these recency biases and all of these heuristics to our behavior that can cloud objective judgment. But I think listening to the message of the market and simplifying your process should be the name of the game.