Stock market is one type of psychology game.
Stock market is one type of psychology game. Less than a casino. More like a sport.
Introduction:
Note that this is for more reading for entertaining than educational. It's just based on my observations. Hope you enjoy.
I always wanted to improve myself and keep learning. I believe there is always a lesson on the market.
You always want to listen to the market. Don't be fool listening to "Oh I see majority is bullish so I must go bearish; and vice versa". I used to think this way but now I do not. Thinking this way manipulates yourself into a trap by someone speaking or from yourself. Trust your TA. If your TA is not working, improve it.
Choose your style that fits you: Long term, short term, scalping, swing. Each style can be dominated.
Meme stocks like AMC, GME and BBBY. When they were hot, a big lesson learned. I compare it with a storm pulling everybody in. Both bears and bulls could make a decent money both ways. Should be thinking what a smart investor should do and what a gambler would do. It's okay to avoid it if it's not for you but don't you want to figure out a way to win it in future in case it happen again?
Reading a chart is like reading a pattern. There is always a pattern. Like an animal, you don't need to see a whole body to know which animal it is. You would have guessed which animal it is If you could see a head, an ear, or a leg. Same in chart when you see, triangle, wedge, h&s, bear/bull flag, a series of candlesticks.
Your indicators are your tool/weapon. There can be bad a combination or good combination depending on how you can find yourself a best combo that works for you.
Your charts can be treasure but if it's up to you how to find it. Indicators act like a tool and your chart is like a map.
Positive: If you want to improve, must first learn: humble, patience, respect the rules, stay focus, confident, un-stubborn, PAY ATTENTION.
Trading years experience doesn't speak how good traders are but they just have more battle scars than you. Don't show your trading years experience as a positive but rather than your knowledge of your strategies of your battles. You may have many trading years of experience but are you a trader, working for somebody, or just providing a service?
The game is 50/50 chance for wining and losing. Permabears eventually win some and permabulls win some. Learn both masters so you can have both knowledge.
Trading and analyzing shows how a person you are, how you interpret the chart, trading plan. Everybody see their chart differently. This is why everybody have different Elliott Wave count for this reason.
Elliott Wave - read the behavior -> ocean -> waves -> bond market -> money flow -> momentum -> velocity/acceleration -> sectors/leaders.
Improve yourself: Tradingview community, twitter, YouTube, and mentorships. See how other people analyze charts and also acknowledge their words.
There can be a raw knowledge and proper knowledge. Collect these knowledges to your knowledge.
Fed once said: we are going to have a soft landing (gave a hint). Can you analyze/predict a chart based on what an insider says? If you can, you have come with preparation.
Be like Kobe Bryant. Works hard. Be early at the gym. Calculate possibilities for the next day.
PS: sorry for my grammar and proofreading. I just wrote what's in my head.
Introduction:
Note that this is for more reading for entertaining than educational. It's just based on my observations. Hope you enjoy.
I always wanted to improve myself and keep learning. I believe there is always a lesson on the market.
You always want to listen to the market. Don't be fool listening to "Oh I see majority is bullish so I must go bearish; and vice versa". I used to think this way but now I do not. Thinking this way manipulates yourself into a trap by someone speaking or from yourself. Trust your TA. If your TA is not working, improve it.
Choose your style that fits you: Long term, short term, scalping, swing. Each style can be dominated.
Meme stocks like AMC, GME and BBBY. When they were hot, a big lesson learned. I compare it with a storm pulling everybody in. Both bears and bulls could make a decent money both ways. Should be thinking what a smart investor should do and what a gambler would do. It's okay to avoid it if it's not for you but don't you want to figure out a way to win it in future in case it happen again?
Reading a chart is like reading a pattern. There is always a pattern. Like an animal, you don't need to see a whole body to know which animal it is. You would have guessed which animal it is If you could see a head, an ear, or a leg. Same in chart when you see, triangle, wedge, h&s, bear/bull flag, a series of candlesticks.
Your indicators are your tool/weapon. There can be bad a combination or good combination depending on how you can find yourself a best combo that works for you.
Your charts can be treasure but if it's up to you how to find it. Indicators act like a tool and your chart is like a map.
Positive: If you want to improve, must first learn: humble, patience, respect the rules, stay focus, confident, un-stubborn, PAY ATTENTION.
Trading years experience doesn't speak how good traders are but they just have more battle scars than you. Don't show your trading years experience as a positive but rather than your knowledge of your strategies of your battles. You may have many trading years of experience but are you a trader, working for somebody, or just providing a service?
The game is 50/50 chance for wining and losing. Permabears eventually win some and permabulls win some. Learn both masters so you can have both knowledge.
Trading and analyzing shows how a person you are, how you interpret the chart, trading plan. Everybody see their chart differently. This is why everybody have different Elliott Wave count for this reason.
Elliott Wave - read the behavior -> ocean -> waves -> bond market -> money flow -> momentum -> velocity/acceleration -> sectors/leaders.
Improve yourself: Tradingview community, twitter, YouTube, and mentorships. See how other people analyze charts and also acknowledge their words.
There can be a raw knowledge and proper knowledge. Collect these knowledges to your knowledge.
Fed once said: we are going to have a soft landing (gave a hint). Can you analyze/predict a chart based on what an insider says? If you can, you have come with preparation.
Be like Kobe Bryant. Works hard. Be early at the gym. Calculate possibilities for the next day.
PS: sorry for my grammar and proofreading. I just wrote what's in my head.
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