From what I have read so far I have come to the conclusion that the best way to make a considerable amount of money in the stock markets is to follow the trend made popular by Ben Graham and Buffet (although I will admit they are unique examples) known as value investing. Which is basically assessing the intrinsic value of a small cap company and then "BUY & HOLD". According to most experts and this article the "buy and hold" method if correctly deployed will almost always outperform any other method, be it of the intraday trader, swing trader, short term investor or ANY other method you can think of/invent. When you come to think of it ....... think for a moment ........ it does make perfect sense dosen't it. Every year there invariably are a few companies which will outshine their contemporaries in years to come. So had an investor been able to identify the likes of "infosys" during its IPO or within a year of it and similarly picked up other major blue chips in their infancy an investment of only a few lakhs a year maybe 2-3 would actually give returns of crores with the passage of time. The key question here is how would you identify the "bigges" in their infancy ..... well the answer would be with fundamental analysis. Although fundamental analysis is more painstaking and you spend longer hours reading the anuual report, quaterly financial statments, profit loss statements, balance sheet, cash flow etc.... read up on the future of the sector check the credentials and past performance of the policy makers at the helm if you can do it successfully it would probably pay off in the long run wouldn't it?? TA can't help you much here, though if you're good at it I believe you could study a chart for two minutes and draw the correct inferences and then again its a matter of luck (7-8 times out of 10 as someone said) and once again you can only tell short term and intra day trends, to make a large profit you have to bet really BIG money not to mention the stress you'd go through at the thought of a loss (can give uyou ulcers I've heard). Recently someone made 180000/- in a day from Mcdowell buying 4000 shares at a price of 24 lakhs. He himselves said he could pretty much hear his heart pounding throughout the day. So this finally brings me to the question is it not more profitable to devote more attention to learning Fundamental analysis??