Undertake short-term transactions without charts I don't tr...

Undertake short-term transactions without charts

I don't trust technical charts because market psychology and trends are constantly changing, and charts cannot predict external events affecting a particular company. Instead, my short-term trading begins by discovering upcoming events affecting stocks, such as earnings releases, new product releases, etc. For example, if Company A posts earnings, I would buy a call option or open a long position two weeks in advance, depending on my assessment of whether the earnings would exceed or fall short of market expectations. As soon as the profit comes out, I close the position. Another example is trading in anticipation of significant events. To explain this, $Astra Space(ASTR.US)$Another rocket will be launched in January 2022. A successful launch could boost stock prices, and vice versa if the rocket fails. Since I'm optimistic that they have the expertise to design a smooth launch, I'll accumulate their shares two weeks ago and sell them when I know the launch results.