As some find to their chagrin, technical analysis is most effective as a short term, not for a long-term buy and hold strategy. The technician is probably a very active trader, watching constantly for price fluctuations and trying to capitalize on them.
Analysts will go either long or short on stock, depending on whether their data says the price is likely to go up or if it is likely to go down.
If the strategy is ineffective in a certain instance, there is not a lot of hand wringing or discussion on the part of a technician. They will set a stop loss point in order to be certain that their losses are limited because of a stop loss order.
As opposed to a fundamental analyst, who may need a high degree of patients while it waits for market corrections, the technical analyst getting stock investing advice from past trends must be agile in the market and understand how a person can enter or leave the position in the market speedily
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