In TV, you won't lack any trading strategies that the authors have generously shared here. From BB to EMA to RSI, from 5 min to 1 week, choose and pick the one that suits you.
But, I discovered from my experience that in any endeavour that we pursue, be it trading or a new vocation that we embark on , the most important ingredient to success starts with the letter
D
Yes. D for DESIRE
I have friends who paid thousands of dollars to learn from experts out there but to date has never open an account, paper trade nor make a profit or loss (obviously). That D word, to me is extremely important.
And that is what authors here nor experts out there can furnish desires to you in a plate or takeaway for that matter. It has to come inside of you. You got to go deep within and discover what really matters to you. Never mind if it is not trading/investment. Not everyone wants to get their hands dirty in trading (imagine peanut butter on your laptop keyboard).
The earlier you find that out , the better it is. When you have the desire, you would look forward to picking up the next new article, chewing on the words that the analysts is saying or some bear camps giving an interview. You scrutinise the charts, nitpicking the green from the red candles and trying to make sense of it (trust me , it can be a hair pulling exercise).
Somehow, your mind goes on autopilot mode when you watch the news about a certain IPO, the Fed lower interest rates or government has increase its budget on defence spending. You immediately connect to how this would affect the performance of the stock market and the companies that you have vested interest.
In short, wearing the D shirt drives you earnestly to seek new information, like arming yourself with more equipment and resources to be battle ready. It is not a drag nor homework or worse, hitting a certain KPI like your boss asked you to at the end of each month.
And the Bible clearly states so :
Psalm 37:4 English Standard Version (ESV)
4 Delight yourself in the Lord,
and he will give you the desires of your heart.
Believe in the Maker , the creator of man and he will fulfil your wish and have it made.
The words of God will make you see things in a different perspective even if you fall, suffered some losses but in the end, you will emerge victoriously.
If Bible is not your cup of tea, take this from George Bernard Shaw :
Imagination is the beginning of creation. You imagine what you desire, you will what you imagine and at last you create what you will.
Note
i quickly bought some Apple shares last nite upon hearing President Trump releasing good news to the market .reuters.com/article/us-usa-stocks/wall-street-bounces-back-as-stimulus-hopes-soothe-recession-fears-idUSKBN20X1AJ
Note
Hang on there guys, if you think AAPL is undervalued, then the drop is a good buying opportunity. The question is how low will it get and how much ammunition do you have to average down. I will monitor for a while first before buying again. Trade cautiously now.Note
Again, some pm me to say they are disappointed that even stocks like AAPL has dropped and they are seeing red in their portfolio.Let's put things in perspective. Where were you when AAPL was trading at 50-100 dollars ? If you had bought in then, would you still panic as much as you do now? Probably, you would even want to average in more to accumulate, right ?
It is because that you bought at the high around , probably after 240 high price , thinking it will not end so soon and this black swan, Covid-19 that hit every asset class so hard! Learn to accept it and see it from the logic of buy low sell high concept and you will understand it better.
Unless you have a trading strategy, then maybe you are considering getting out and coming in later, since it ties up your capital. But if you are long term investor, you probably want to hold it longer. Again, there is no rules to say , you can dispose it now, suffer some paper loss (since we do not know how long this sell down is going to be) and buy back later. That itself can also be a strategy.
Do what makes you comfortable. Everyone's risk appetite is different , time horizon is different and definitely financial position also different. So if you follow others blindly, you must be prepared for the consequences as well. when you pick up one end of the stick, you got the other too. No question about it.
Note
those who missed the first buying opportunity at 240 level can wait for the current price to break out at 274 before initiating a long position. I am awaiting for news that Apple China will soon reopen its store and we can witness the pent up demand of the Chinese flocking in to buy again.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.