You're offering technical analysis advice to a loved one. How can you stay impartial and unbiased?
When offering technical analysis advice to a loved one, it's crucial to maintain impartiality to help them make informed decisions. Technical analysis involves evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. You must approach this with a clear mind, free from personal bias or emotional investment. This means setting aside your own preferences or experiences with a particular stock or market trend, and focusing purely on the data. Remember, technical analysis is not about predicting the future with certainty; it's about identifying probabilities based on historical patterns.