Chartist

  

An investor (usually a short-term trader) who lives and dies based on the shapes of the charts formed by the day-to-day and moment-to-moment trading of securities, like stocks and bonds. Trading usually follows certain patterns. Chartists make their living noticing and exploiting these patterns...using them to make predictions and select stock picks.

It's important to remember that the chart patterns tend to repeat themselves...until they don't. And then you lose the ranch. Just watch the video. And dust off your crystal ball.

Chartists were also 19th century British crusaders for the rights of working people. But how far can you go knowing that? Will it help you make stock picks? We didn't think so...

Find other enlightening terms in Shmoop Finance Genius Bar(f)