NYSE Trader: Technical Analysis 'Puts the Odds In Your Favor'

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Retail investors, many of whom are getting involved in the stock market due to the rise of Reddit stocks, have gained momentum to become one of the biggest stories in finance so far this year. 

However, many retail investors I've spoken to have felt that the coverage of the newer investors both by Wall Street and mainstream media has been exclusionary. 

Part of that is why it's important to think about language when discussing stocks that are popular with the Reddit crowd--think momentum instead of meme stock when discussing the Ape names such as GameStop  (GME) - Get Report and AMC  (AMC) - Get Report.

Another part is thinking about how we speak on financial literacy or educate the younger investors about investing. Is there constant jargon being used? What about the tone? 

That's where the Einstein of Wall Street comes in. Peter Tuchman is a trader on the floor of the New York Stock Exchange. He has a lot of experience in the stock market, and now he's looking to share his knowledge with the younger investor. 

He said that he's excited to see retail investors jumping into the market. 

And one lesson that Tuchman thinks could help both investors and traders alike is technical analysis. He breaks down why it's a misconception that you can't use technical analysis to look at the momentum stocks.

Watch the video above for more.

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