If the daily chart makes me nervous, I check the weekly chart! I want to confirm what I see in the daily chart.
Only if the weekly chart confirms what I see, it’s time to do something. Higher time frames are more important.
Trading is about
- Reacting not predicting
- Managing not hoping
- Patience not impatience
- Consistency not randomness
But 95% of traders get this the other way round!
Don't think it's been easy for me or a straight line up. I made tens of thousands of trades during my career with MANY mistakes, losses and hard-earned lessons. But the reason I'm still here today is, I never dug in and said "I'm right, the market is wrong" I never stayed wrong.
If Netflix dropping 40% in ONE DAY after already being down 50% doesn't convince you that stocks are like paintings, without a willing buyer they're nothing more than worthless pieces of paper.... then I don't know what will. And we are not talking about some penny stock here!
"The stocks that hold up the best and rally into new high ground off the market low during the first 4 to 8 weeks of a new bull market are the true market leaders. You can't afford to ignore these golden opportunities." $STUDY
It's been 2 years since there was this much fear in the market.
These are times where volatility is highest, and so is opportunity.
Readings sub-20 historically mean ultra-high correlation between S&P and Bitcoin.
(and this is the real F&G index, not the crypto one)
Very few were aware of this ominous warning projected publicly on December 25, 2021. The writing was literally on the wall. Translation: "Uncle Sam, 30 years ago you got a wonderful gift. There will be no more gifts. Big Russia is being reborn." https://t.co/Z0XRZVSJ9S
"Every price movement is rooted in one of these two elements: anticipation of news, an event, an important business change, or reaction to an unexpected event and a surprise, whether positive or negative."
No matter what happens in the world, money is always flowing: From one sector to another, from one asset class to another …
Observe the flow of money by looking at the charts and then put yourself in the right position to benefit from a trend.
Russia’s invasion of Ukraine has markets panicking, but history shows that equities tend to bounce back from war shocks, Barry Ritholtz writes https://t.co/iHPnKh14YN
Will Ethereum unseat Bitcoin?
Co-Founder of @1inch Anton Bukov bet wild and predicted that ETH will be overcoming BTC once its scalability issue is solved.
https://t.co/w9l40iBFWi