I’ve been trading for around three months now and stumbled upon Elliott Wave analysis. The wave counting seems really complex.
Should I stick to simpler technical analysis for now, or is it worth jumping into this right away?
Elliott Wave’s a pain. Stick with candlestick patterns and the fundamentals - you’ll trade better.
Three months in? Skip Elliott Wave for now. It’s way too subjective and will mess with your head when you’re making trades. Learn support/resistance, basic patterns, and how to manage risk first. Those basics will make you money. Trying to guess which wave you’re in won’t help. Some traders use Elliott Wave, but you don’t need it to be profitable.
Basics first for sure. Elliott Wave is complex.
Elliott Wave can be confusing. After three months, focus on what works. Learn price movements and volume patterns. Identify where major players are placing orders. Develop a system with clear entry and exit rules. While Elliott Wave may seem interesting, it is not necessary for profitability. Stick with basic trend following and proper position sizing; those will enhance your trading.