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

[winston]

7 Key Tips to Improve Your Trading in 2021

By JAMES "REV SHARK" DEPORRE

1. Predictions and Forecasts Are a Waste of Time
2. Compound Your Profits by Keeping Your Accounts as Close to Highs as Possible
3. Profits Occur Sporadically
4. Use Charts
5. No Trading Approach Is Inherently Superior
6. Trade Incrementally and in Multiple Time Frames
7. Trading Is Hard, Which Is Why It Can Make You Rich

Source: The Street

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

[winston]

How to Play a Dangerous Market

A surfer can't control what kind of wave the ocean will send his way, any more than you can control the ebb and flow of the markets.

The market "is what it is."

A surfer doesn't try to explain it using complex mathematical models and statistics he learned in a Ph.D. program.

He just rides the waves as best he can, while he can. And once the waves get too rough, he calls it a day.

Source: Liberty Through Wealth

[behappyalways]

Market frenzy.....market top???


Everything you need to know about how a Reddit group blew up GameStop's stock
https://edition.cnn.com/2021/01/27/inve ... index.html

[behappyalways]

鄉民散戶扳倒華爾街金融巨鱷！GameStop"史詩級"大軋空 股價近1月飆漲20倍｜主播王志郁｜【大世界新聞】20210128｜三立iNEWS
https://m.youtube.com/watch?v=wdToi3CNBo8&t=11s

[behappyalways]

This is how you trade GameStop, AMC right now; how high could it go? Gareth Soloway
https://m.youtube.com/watch?v=snTN7mOSxwY

[winston]

These trading strategies can make the stock market’s trend your friend

By Michael Sincere

Going long is easier than shorting

1. Buy stocks with relative strength
2. Buy stocks that are trending higher

Source: Market Watch

https://www.marketwatch.com/story/these ... eid=yhoof2

[winston]

When joining in an emotion-driven, "me too" stock surge, you have to recognize it for what it is, and have a plan ahead of time

That plan would answer questions such as ...

-- If this trade goes poorly, what's the maximum amount of money I'm willing to lose?

-- How will that answer affect how much money I invest, and the size of the trailing stop I'll use?

-- In deciding that, how much wiggle room do I want to give this stock? (For example, you could risk the same amount of money by investing $10,000 while using a 5% stop-loss, or investing $2,500 while using a 20% stop-loss.)

-- What's my profit goal and why?

-- If I start racking up some big gains, is there a point at which I'll sell, even though the stock might still be climbing? Or am I trying to ride this trade all the way to the top, knowing that such a goal would inevitably mean I suffer some losses after the stock begins its decline -- which could be a steep decline?

Source: Investor Place

[behappyalways]

Gareth Soloway reveals top 5 trades for 2021 and why WallStreetBets is ‘dead’
https://m.youtube.com/watch?v=PBm4MGCSUeM

[winston]

Add the Power of Psychology to Your Trading Arsenal

There are many factors that can influence the psychology surrounding a stock.

By JAMES "REV SHARK" DEPORRE

Many people are happy to simply hold on to stocks that are performing well, and that means less selling pressure.

When considering a chart, there are other factors that may influence how well a trade might work.
1. The overall market environment and big picture sentiment.
2. Sector movement.
3. Stock picking versus an index-driven market.
4. Momentum versus bottom picking.
5. News events and fundamentally driven.
6. A unique story or 'hook'.

Source: The Street

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

[winston]

Finding Consistency In An Unprecedented Market

by Ross Cameron

Source: Warrior Trading

https://finance.yahoo.com/news/finding- ... 13581.html