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

[winston]

Traders Should Follow This Biblical Trading Lesson

by Jeff Clark

“Don’t look back.”

Source: Jeff Clark Trader

https://dailytradealert.com/2023/01/13/ ... ng-lesson/

[winston]

The Secret to Longevity as a Trader

by Jeff Clark

I know for sure that I’m happy if I close the trade right now. I don’t know if I’ll be happier or feel like an idiot later.

So, I almost always chose to err on the side of happiness.

The secret to longevity as a trader is to consistently take the money when it’s flashed in front of you.

In today’s environment, it might be time to settle on “happy” over “ecstatic.”

Source: Jeff Clark Trader

https://dailytradealert.com/2023/01/15/ ... -a-trader/

[winston]

Psychological challenges faced by retail investors

by Himo Liu

Loss aversion is the biggest psychological challenge for retail investors. Retail investors are often hesitant to acknowledge losses and prefer to take high-risk chances in an effort to avoid them, instead of making timely decisions to stop losses.

When the stock price continues to decline, executing a sell order becomes equivalent to acknowledging defeat and loss, leading to psychological distress.

Some retail investors try to avoid this by holding onto their shares instead of accepting the defeat and the accompanying loss.

A consequence of loss aversion is that investors become fixated on past investment objectives and fail to consider new investment opportunities.

Retail investors often exhibit other detrimental psychological tendencies, such as the gambler's fallacy and herd mentality.

To make smart investment decisions, it is crucial to approach the market with rationality and not be swayed by the actions of others.

Additionally, the market is constantly evolving, so it is important to avoid having preconceived notions about a particular stock and to stay up to date with the latest developments.

Source: The Standard

https://www.thestandard.com.hk/section- ... -investors

[behappyalways]

Retail Investors' Most Popular Stocks Of 2023 So Far
https://www.zerohedge.com/markets/retai ... 023-so-far

[winston]

The Wake-Up Call That Permanently Changed How I Trade

by Imre Gams

Instead of day trading, I decided to focus on swing trading instead. I went from averaging several trades a day to just one or two trades a week.

Successful Trading Starts With Healthy Habits

1. Good health equals good trading. If you aren’t sleeping, eating, and moving well, your trading performance will suffer. Make sure you’re getting enough sleep, eating a balanced diet, and getting exercise throughout the week.

2. The simpler you can make your trading, the better. For me, that meant reducing the number of trades I was taking, as well as eliminating technology and subscription services that weren’t truly helping me make money.

3. There’s always another trade. I was frustrated about missing the dollar trade I mentioned earlier. But after I got home from the hospital, it wasn’t long before another great opportunity appeared.

Source: Jeff Clark Trader

https://dailytradealert.com/2023/03/06/ ... w-i-trade/

[winston]

A 24-year-old stock trader who made over $8 million in 2 years shares the 4 indicators he uses as his guides to buy and sell

by Laila Maidan

One of his main indicators is the volume-weighted average price (VWAP).
This shows the average price paid for shares and helps him gauge sentiment.
He only uses indicators as a t=rough guide but never trades solely on them, he noted.

Linear regression shows the direction price is trending and when it may change its direction. They are three lines that overlay the candles. The lower and upper lines are the ranges of price movements or volatility, while the center line indicates the average between the two.

Volume as a potential indicator that a stock may reverse.

Support and Resistance lines, the former being where the price tends to hold and the latter where it tends to sell off.

Source: Business Insider

https://finance.yahoo.com/news/24-old-s ... 29644.html

[behappyalways]

25,000 Traders Bet On ChatGPT's Stock Picks
https://www.zerohedge.com/markets/25000 ... tock-picks

[winston]

Increase Your Wins With These Three Fool-Proof Trading Methods

by Eric Fry

1. Allocate Your Assets Wisely
2. Just Say “No” to bad risks
3. Tiptoe – Don’t Dive – Into the Market

Source: Smart Money

[winston]

The Worst Trade I Ever Made

by Marc Lichtenfeld

The worst trades I’ve ever made all had one thing in common: I let my emotions get in the way.

I either bought a stock that I knew was garbage after getting swept up in what other people told me or held on to a stock that I should have sold because I was greedy.

Whether your rules are based on fundamentals, value or technicals, you should have a valid reason for buying a stock and a system for exiting trades.

Source: Wealthy Retirement

https://tradesoftheday.com/2023/08/02/t ... ever-made/

[winston]

An Aggressive Trading Strategy That’s Not for Everyone

by Imre Gams

In my own trading, I try to balance being aggressive by being highly selective of the trades I do take.

Legging into an already profitable trade is a powerful way to quickly compound your gains, especially if you manage the existing risk on your open position.

If you can trail the stop loss on your original position to your entry point, then you’ve effectively eliminated the risk on that first trade. That means your only risk should be the new position you enter into if this bull flag plays out as expected.

Source: Jeff Clark Trader

https://dailytradealert.com/2023/09/02/ ... -everyone/