Trader's Thread 05 (Jan 20 - Dec 26)

[behappyalways]

Technical Analysis of Stock Market | Tension Builds
https://m.youtube.com/watch?v=l55M1WdWIPQ&t=38s

[winston]

The 5 Pillars of Exceptional Trading

By JAMES "REV SHARK" DEPORRE

The foundation of market success is comprised of five pillars.
1. Timing
2. Money Management
3. Stock Selection
4. Conviction and Aggressiveness
5. Persistence

Source: The Street

https://realmoney.thestreet.com/investi ... _ven=YAHOO

[behappyalways]

Technical Analysis of Stock Market | Tech vs 10yr
https://m.youtube.com/watch?v=P7X5KmEyZoQ

[winston]

5 Key Investing Challenges And How To Tackle Them

Challenge #1 - I have just bought this stock and its price has already declined!

I now buy in lots of twos or threes, with a view to averaging down if the stock price drops 10 to 15% from my initial purchase price.

Challenge # 2: This stock is like a roller coaster, there’s too much volatility!

Investors would do well to remind themselves that volatility that is not correlated to underlying business performance simply represents market noise.

Challenge # 3 FOMO (Fear of Missing Out!)

The urge to buy an investment because its price has gone up, probably means that you don’t know why the price has gone up. If you don’t know why the price has gone up, you’re more likely to bail when the price goes down.

By owning a small "tracking position", you can follow the story and increase your exposure if it unfolds the way you expect.

Challenge # 4 Dealing with businesses that don’t work out

Keeping strict position limits, which prevent you averaging down too much on a loser, or a value trap can help avoid a problematic result.

Challenge # 5 Stress of Managing Winners

I averaged up because the investment case was working out better than my own expectations.

Source: Seeking Alpha

https://seekingalpha.com/article/442047 ... king_alpha

[winston]

Your primary objective in trading should be, as Soros says, "to be able to come and fight another day."

[behappyalways]

Technical Analysis of Stock Market | They Don't Ring a Bell
https://m.youtube.com/watch?v=wsWJGx4kww8

[behappyalways]

Bitcoin price to retrace to $30k, Fed to raise rates this year, where to run? Gareth Soloway
https://m.youtube.com/watch?v=BBU1q6uWUqI

[winston]

Dealing with a Trading Slump

Many traders are struggling with the current market. Here's how to deal with it.

By JAMES "REV SHARK" DEPORRE

Traders tend to be analytical thinkers who want to use pattern recognition, hard numbers, and cold facts. It works most of the time, but there are times when what moves the market are emotions or other factors that we fail to understand.

Instead of embracing the action and going with the flow, we stop thinking strategically and rely more on hopeful predictions.

It is important to understand the distinction between predicting what will happen next and being ready for what happens next.

The biggest mistake that many traders make is that they maintain very large positions in favorite names during corrective periods because they are certain they will come back.

When you feel out of sync with the market, the best thing you can do is go to very heavy cash levels.

Find what is working, understand why it is working, and then trade it. When you do that, then you will be in sync with the market.

Source: The Street

https://realmoney.thestreet.com/investi ... _ven=YAHOO

[behappyalways]

Bitcoin price plummets to $30k, Gareth Soloway's last target; How to trade after collapse?

https://m.youtube.com/watch?v=GV9-Xg0-xpc

[behappyalways]

Technical Analysis of Stock Market | A Classic Pattern
https://m.youtube.com/watch?v=sZXqe8E8jrI