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How Long Should You Spend on Analyzing a Stock Chart

Here’s a question for you: How long does it take for you to purchase a vehicle?

Let’s say I am buying your favorite ice cream – something that doesn’t cost more than $5. Chances are, you take more time deciding to purchase a vehicle (compared to the ice cream), because it costs so much more.

You also don’t understand the purchase as much. It isn’t a ‘repeatable’ purchase, because the car is new – a new technology, new gimmicks, etc.

On the flip side, purchasing ice cream for less than $5 is a short process because it is something you’re familiar with. It’s a ‘consumable’ good that you are just looking to restock. The whole decision process could take you less than 10 seconds.

#stockcharts #stockanalysis #analyzingstocks #analyzingcharts #technicalanalysis #stockchart

Posted at: https://tradersfly.com/blog/long-spend-analyzing-stock-chart/

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All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.