Fools Gold Don't Buy The Bullsh*t By Larry Thompson February 24, 2026 “Called it to the penny.”“Perfect bounce.”“Nailed the exact low.”Markets don’t actually work like that.Real trading is messy.Levels are areas, not laser beams. What looks clean in hindsight was full of noise, failed breaks, and uncertainty in real time.There are thousands of charts and hundreds of indicators. Cherry-pick enough combinations and eventually one will line up perfectly.That’s not elite trading. That’s elite cherry-picking.And it gives technical analysis a bad name.Technical analysis isn’t about false precision. It’s about probability.The goal isn’t to find a prophetic indicator. It’s to identify the regime, stack the odds in your favor, and define your risk.If trend, participation, and structure align, you take the trade. If it breaks, you’re wrong, and you move on.Do that consistently and profitability emerges.Not because you’re psychic. Because you’re disciplined.The perfect level is fools gold.A sound process is the real gold.Anyway, that’s my two cents. Thompson's Two Cents Larry Thompson delivers timeless trading lessons and market wisdom in quick daily notes. More from Thompson's Two Cents Larry Thompson The Sunday Stalk List | Ep. 37 Watch These 8 Charts February 22, 2026 Larry Thompson A "Balanced" Market Is a Frustrating One... February 19, 2026 Larry Thompson Buying The "Bounce" It Just Makes Sense February 17, 2026 Trade Smarter With Larry’s TakeThompson’s Two Cents offers concise market wisdom, timeless trading lessons, and chart-driven perspective you can trust. You must have JavaScript enabled to use this form. Email Address More from Thompson's Two Cents Thompson's Two Cents Watch Now