90% of traders lose money... So how to be in the top 10%?

 90% of traders lose money... So how to be in the top 10%?

 Here is the link. 

90% of traders lose money... http://www.financial-spread-betting.c... So how to be in the top 10%? Francis Hunt a technical analysis trader and coach comments. What are the bad habits to avoid? What are some trading mistakes to avoid? Is trading forex, indices and commodities a giant casino? Decide on a strategy that looks after all elements of money management. You've got to manage losses and you need to have a system that will make more money than it loses. Patterns are probably the most important technical analysis tool for me. If you've found this video useful, please click the like button and share it with your friends and remember to SUBSCRIBE to remain up-to-date!

My learning notes: 9:35 AM - 9:41 AM

1. Manage your loss
2. Accept loss is part of the game
3. More logic, better
4. Stick to system - three losses -> fear, three wins -> bet on big size
5. Observe charts - used patterns - powerful analysis - Dow theory?
6. Trading mistakes: beginner, intermediate - trade size - take loss too big
7. Recover - negative emotion - 15% or 20%, trade big again, you can cope with mental cognitive - pressure
8. punch - possible trade - grab - fatal spiral - recover concept
9. For example:
10. Consistent management as a whole - probability of win
11. Two types of stop
12. Only way is to build wealth slowly and steadly
13. Trade value - reactions - would not be in the game

Actionable items:

Find some keywords to google.

90% of traders lose money... So how to be in the top 10%?

 Here is the link. 

90% of traders lose money... http://www.financial-spread-betting.c... So how to be in the top 10%? Francis Hunt a technical analysis trader and coach comments. What are the bad habits to avoid? What are some trading mistakes to avoid? Is trading forex, indices and commodities a giant casino? Decide on a strategy that looks after all elements of money management. You've got to manage losses and you need to have a system that will make more money than it loses. Patterns are probably the most important technical analysis tool for me. If you've found this video useful, please click the like button and share it with your friends and remember to SUBSCRIBE to remain up-to-date!

My learning notes:

1. Take loss too big
2. Manage the loss - recover, 15% or 20% - trade big again - mental - cognitive - pressure you - punch drive
3. 10,000 -> a few thousand -> 91% -> money management -> take trades ->
4. Two type of stops -
5. Slowly and steadly - I do not agree - underline - game -

Why Most Investors Fail at Trading: Falling and Not Getting Back Up Again

Here is the link.

Do you think you can actually teach people how to trade? Corvin Codirla, ex hedge fund manager comments. Corvin as an ex fund manager do you have a good track record? Why did you leave the hedge fund industry? Working in a hedge fund you could potentially earn millions – so why did you go into education?

Yes and no. Yes, you can teach the fundamental principles and if you stick to it, it works out. No because its like teaching people how to setup a business - basic business principles like finding a product people want, the best place in terms of traffic - if its so simple why doesn't everyone setup business and make money? No, because there are kind of intricacies and its the same with trading. You can teach people the mechanics but at any point in time your emotions and mis-judgements come in. A lot of people who fail the first time don't get back up.

Take Profit Exit Trading Strategies and Ideas

 Here is the link. 

As such this video is about exit strategy ideas. The good ideas for getting out of your trades or investments. Generally, you will exit losing trades once it hits your stop loss so that's taken care of but what about the trades that are profitable - how do we set targets and how do we decide where to exit winning trades?

Broadly speaking: Ways to Exit a Profitable Trade: - Exit on weakness - if you are long, you would wait until the price retraces from highs and exit. So you would be setting a key level or pullback zone of say X pips... - Exit on strength - you are chugging along and then you get a strong move higher; you can exit in that without waiting for the retracement. - Orders near to support/resistance - this is probably the most common strategy that people use. - Moving average based trailing stop. You're in a market and your trade is chugging along and you use a moving average (say 20 period) which trails with the price as the market moves higher. This allows space for some noise. - Volatility based strategy - this uses ATR (Average True Range) - Time based exit - one common particularly with day traders.

My learning notes:

1. Exit on weakness
2. Exit on strength
3. Orders near to support/resistance
4. Moving average based trailing stop
5. Volatility based on strategy
6. Time based exit

What to Do if Price/Market Moves Against You Sharply!

 Here is the link. 

What to Do if Price Moves Against You Sharply! http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE How to protect yourself from falling prices or adverse price movements. What if the market moves against you? What to do if the price moves against you sharply. Let's suppose you're in a trade and the price moves against you sharply - what do you do? In the perfect world we always have stops set at appropriate levels but mistakes happen. The point is we have to take some action. Let's first suppose the price spikes in your direction: - Pull up stop; lock in some of those gains. (but you don't want the stop too tight) - Check the news and see if something has come out. - Assess volume - Watch price behaviour How do you plan your risk management and money management after a loss? Let's suppose the price moves sharply against your position. Against - Take some action; just do something - don't just keep watching it without doing anything because you'll end up closing the position at the worst possible time. - Put in a stop to help you stop panicking. - Trim position; reduce the trade. - Close position

Actionable Items:

I like to remember those actions first.

For

1. Pull up stop; lock in some of those gains.
2. Check the news and see if something has come out. For my Canada oil stocks, check crude oil and news about it; and the whole market, check Nasdaq 100, check Dow as well.
3. Assess volume -
4. Watch price behavior -

Against

1. Take some action
2. put in a stop to help you stop panicking.
3. Trim position; reduce the trade.
4. Close position

My understanding

1. Take some action - as soon as you see it, take some action. I do think that it is better to close the position, and then find the stock affecting worst, and try to buy low and catch rebound in next half hour. For example, check Apple stock, volatile stock.

Tips to Avoid Getting Your Stop Loss Hit

 Here is the link. 

The idea of a stop is that it is far enough away that it doesn't get hit but it is not too far away that we have a ridiculous risk:reward. As traders we always want to aim to make as much money as possible with at least risk as possible. That's what we are trying to achieve as traders.

As traders we are always hearing that our brokers and market makers are looking for our stops...in a way this is true but in others its not. Many people place a stop at exactly the same position; the market knows this and naturally the market will move to pools of liquidity. If there are stop losses above highs and there is a supply/demand imbalance the market will move to those pools of liquidity.

- Volatility of the Market - if the volatility is very high you will need a wider stop.

- Where does the market want to go - most of the times we have a good idea where the market wants to go but as traders we always need to maximise the profits while minimising the risk.

- Prior Probe Magnitudes - when you're looking at a key level, how often has a market gone thru it? How has the market handled key levels in the past?

- Environment - What's driving the market? Are we getting massive bursts of volume? What is happening?

Pentagon says it will stick with Microsoft for $10 billion JEDI cloud contract

 Here is the article. 

It is so interesting to read about JEDI Cloud proposals. It is the first time I read the article about JEDI. 

The Pentagon said Friday it will stick with Microsoft for a major cloud contract that has been disputed in court for months.

The JEDI, or Joint Enterprise Defense Infrastructure, deal has become one of the most hotly contested contracts for the Department of Defense. The contract is intended to modernize the Pentagon’s colossal IT infrastructure and could be valued up to $10 billion for services rendered over as many as 10 years.

“The Department has completed its comprehensive re-evaluation of the JEDI Cloud proposals and determined that Microsoft’s proposal continues to represent the best value to the Government,” the Pentagon said in a statement. “The JEDI Cloud contract is a firm-fixed-price, indefinite-delivery/indefinite-quantity contract that will make a full range of cloud computing services available to the DoD. While contract performance will not begin immediately due to the Preliminary Injunction Order issued by the Court of Federal Claims on February 13, 2020, DoD is eager to begin delivering this capability to our men and women in uniform.”

String Of Bearish News Shifts Sentiment In Oil Markets

 Here is the article. 

Oil Prices Face a Chill Autumn Wind

 Here is the article. 

Recovery stalled

U.S. oil demand recovery has ground to a halt at around 85% of last year's level 

2019 22 million barrels a day Aug 

2020 18 million barrels a day August 

Product analyst: Meet Business Analysts at Google

 Here is the link. 

46289 YALE ROAD 214, Chilliwack, British Columbia V2P0B9

 $194,900 CAD

The price should go down more since Coronavirus. 

May 24, 2017 $135,000

Sept. 5, 2020  $194,900

gains: $59,900

Compared to investment on stock market:

Down payment 20%, $30,000 Canadian dollars, gain each month is $1000.00 dollars. 

13728 108 AVE SURREY V3T 0G2 Area-Jurisdiction-Roll: 14-326-2238-98324-7

 Sept. 5, 2020

Introduction

It is hard for me to beat inflation from 2017 to 2020. Right now, the condo price in Surrey does not go down after coronavirus. The condo was $216,800 in August 1, 2017. But now it is still on sale with price tag: $30,9000. 

Home for sale

233-13728 108 AVE SURREY V3T 0G2

Area-Jurisdiction-Roll: 14-326-2238-98324-7

Sales history (last 3 full calendar years)

Aug 1, 2017

$216,800

New listing:   $30,9000

The Biggest Mistake Beginner Traders Make

 Here is the link. 

My portfolio with over $1000 dollars loss and my confidence level

 Sept. 5, 2020

Introduction

It is hard for me to learn how to be a good investor. I always like to learn and work on something new as an investor as well. I like to make plans for next Tuesday when market reopens again. 

My portfolio as a beginner

Wall Street Week - Full Show (09/04/2020)

 Here is the link. 

Nasdaq 100 index - Crazy August gains and then Sept. 4 cooloffs

 The NASDAQ-100 is often abbreviated as NDX100 in the derivatives markets. Its corresponding futures contracts are traded on the Chicago Mercantile Exchange. The regular futures are denoted by the Reuters Instrument Code ND, and the smaller E-mini version uses the code NQ. Both are among the most heavily traded futures at the exchange.^{[citation needed]}

The PowerShares QQQ exchange-traded fund, sponsored and overseen since March 21, 2007 by Invesco through PowerShares, trades under the ticker NASDAQ: QQQ. It is commonly referred to by its ticker or nickname, "the que's". It was formerly called NASDAQ-100 Trust Series 1. On December 1, 2004, it was moved from the American Stock Exchange where it had the symbol QQQ to the NASDAQ and given the new four-letter code QQQQ, sometimes called the "quad Qs" by traders. On March 23, 2011, Nasdaq changed its symbol back to QQQ.^[4]

In 2000, QQQ was the most actively traded security in the United States.

QQQ etf 

The risk was too high on Apple for me: Roger McNamee

 Here is the link. 

S&P, NSADAQ are on pace to snap a 5-week win streak

Docusign inc -13.07%

Paypal -8.72%

NVIDA -7.75%

CRM -7.70%

ABiomed inc -7.31%

Dexcom -7.09%

Roger McNamee - Facebook early investor

 Roger McNamee (born 1956)^[1] is an American businessman, investor, venture capitalist and musician. He is the founding partner of the venture capital firm Elevation Partners. Prior to co-founding the firm, McNamee co-founded private equity firm Silver Lake Partners and headed the T. Rowe Price Science and Technology Fund.

As of 2020, The net worth of Roger McNamee is estimated to be somewhere around $1 billion. This wealth has been generated from his career as a businessman, venture capitalist, musician, and an investor. He has played a very big role in the growth and expansion of various companies.

Softbank: Options - I like to understand as a beginner

 Here is the article. 

Boockvar said the question now is whether SoftBank unloaded its positions. “We’ll see if they’re reversing it. A lot of the call buying was an upward lift to the market. The sellers of those calls, then had to buy stocks and hedge and it becomes a self-fulfilling prophecy on the upside,” he said.

The Financial Times said the trading volumes in single stocks had surged beyond the average daily volumes of calls on the broader stock market indices. 

Traders had been monitoring the unusual activity, which may help explain why the stock market had been climbing at the same time the VIX was rising. The VIX is the CBOE’s Volatility Index, which is calculated based on trading in puts and calls on the S&P 500. The VIX serves as the market’s so-called fear gauge and typically moves higher when stocks are falling, not rising.

Market correction: Sept 4 market crashes and rebounds

Here are highlights:

1.  华尔街日报报导，软件银行过去一个月对亚马逊、微软、苹果、特斯拉在内的科技股布局数十亿美元看涨的买权，迫使卖家买进这些股票，也让这些股票涨过了头。
2. Please take a look wall street article about softbank and options
3. 亚马逊周五收复部分失土，跌幅2.2%，微软跌1.4%，特斯拉盘中一度大跌8.6%，终场涨2.8%，结束连三日近18%颓势。
4. 标普500指数资讯科技类股按预估获利计算的本益比高达27.5倍，股价是偏高了。

美国股市周五大幅波荡过后小跌收低，结束一连两天的震荡走势，标普500指数和纳斯达克综合指数连续五周的涨势，也就此告一段落。投资人提醒，周五虽有逢低进场的买气，但科技股仍有泡沫待除，下周二在劳工节假期过后，仍得提防出现暴跌。

美股市值最大的公司苹果周五盘中一度大跌 8.3%，收盘转而微涨0.1%，也帮助美股三大指数收复失土。台积电ADR跌2.8%，费城半导体指数跌1.9%。

道琼斯工业指数开高后自高点下跌875点，又一度拉回至平盘，收盘仍跌159.42点，本周跌1.8%。标普500指数和那斯达克综合指数各跌0.8%和1.3%，本周各跌2.3%和3.3%。

有“恐慌指数”之称、预期标普500指数震荡的波动率指数较周四一度减10%，仍接近7月以来最高水准30.75。有交易员认为，波动如此剧烈，是对大型科技股选择权交易激增所致。华尔街日报报导，软件银行过去一个月对亚马逊、微软、苹果、特斯拉在内的科技股布局数十亿美元看涨的买权，迫使卖家买进这些股票，也让这些股票涨过了头。

亚马逊周五收复部分失土，跌幅2.2%，微软跌1.4%，特斯拉盘中一度大跌8.6%，终场涨2.8%，结束连三日近18%颓势。

分析师预料，在劳工节假期过后，随放暑假的交易员陆续归队，重返工作岗位，美股仍难免震荡，尤其是近来大涨的那斯达克。

大型科技股股价偏于高估已是众所周知的事实，标普500指数资讯科技类股按预估获利计算的本益比高达27.5倍，股价是偏高了。而那斯达克100指数目前较200日均线高30%，也过热了。Bear Trap Report的麦当纳说：“我们愈早收到警讯，愈好。”

但周五走势来看，逢低买进仍是很多投资人的应变之道。BTIG策略师伊曼纽提醒：“我们这几周已讲过，那斯达克处于宣泄阶段。 ”

许多基金经理人和策略师认为，美股周四崩跌可能为接下来两个月的震荡走势揭开序幕，投资人将把重心放在美国经济可能出现的缺陷。Research Affiliates合伙人特鲁萨德说：“历来夏季总是交易量偏低，资讯处理速度也慢，今年也是如此。可以预料得到，经过上半年严重心理消耗之后，很多人会设法从中解脱，并再开始严肃面对状况。 ”

A Simple Rule for Moving Your Stop Loss to Break-Even / Profit

 Here is the link. 

We discuss a simple rule to decide when you should move your stop loss to break-even or to a profitable position. This is an easy rule to follow that will form the foundation of a more complex exit strategy for your trading. Having a good exit strategy is important in trading to make sure you keep risk under control and exit trades before they turn against you or get too out of hand.

Great Tips on Where To Place Your Stop Loss!

 Here is the link. 

Great Tips on Where To Place Your Stop Loss! http://www.financial-spread-betting.c... If you found value in watching this video, PLEASE LIKE AND SHARE so we can do more! When you are spread betting or swing trading the eternal dilemma is where to place your stop. Where do you put your stop? Most traders complain that the market keeps stopping them out. In reality what you should be doing would be reducing the stake size to have a proper stop in place. So where do i put my stop? 1) Under Support - putting a stop just under support is not a great idea as you can easily stopped out - your stop need to be well under the support. 2) Range Based 3) Time Based

Trade strategies: Where to place you stop loss order

 Here is the link. 

Using Stop Loss orders is an integral part of trading forex and stocks. It protects traders against mistakes and limits the damage to their accounts, increasing the odds of success. But finding the right Stop Loss levels can be a challenge, especially in markets that are more volatile than average like gold, oil and silver. David Jones takes us through the process of determining support and resistance levels that serve as guidelines for this, covering several scenarios and how to tackle them.

Stop order: What is a stop order, and how is it used?

 Here is the article. 

What is a stop order, and how is it used?

A stop order is an order to buy or sell a stock at the market price once the stock has traded at or through a specified price (the “stop price”). If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price. If the stock fails to reach the stop price, the order is not executed.

A stop order may be appropriate in these scenarios:

• When a stock you own has risen and you want to attempt to protect your gain should it begin to fall
• When you want to buy a stock as it breaks out above a certain level, believing that it will continue to rise

A sell stop order is sometimes referred to as a “stop-loss” order because it can be used to help protect an unrealized gain or seek to minimize a loss. A sell stop order is entered at a stop price below the current market price; if the stock drops to the stop price (or trades below it), the stop order to sell is triggered and becomes a market order to be executed at the market’s current price. This sell stop order is not guaranteed to execute near your stop price. 

A stop order may also be used to buy. A buy stop order is entered at a stop price above the current market price (in essence “stopping” the stock from getting away from you as it rises).

Let’s revisit our previous example, but look at the potential impacts of using a stop order to buy and a stop order to sell—with the stop prices the same as the limit prices previously used.

While the two graphs may look similar, note that the position of the red and green arrows is reversed: the stop order to sell would trigger when the stock price hits $133 (or below), and be executed as a market order at the current price. So if the stock were to fall further after hitting the stop price, it’s possible that the order could be executed at a price that’s lower than the stop price. Conversely, for the stop order to buy, once the stop price of $142 is reached, the order could be executed at a higher price. 

Actionable Items

Every time I like to make a purchase, I also should set stop loss order in case there is market corrections. So I can protect myself with a big loss. I purchased Intc stock 200 shares at price of $52.50, and then the price went down at $50.00 dollars. It is better for me to set stop price at $51.90 dollars.

Stop Loss Strategy Secrets: The Truth About Stop Loss Nobody Tells You

 Here is the link. 

For Traders, all your trades should end in one of four ways: 1. A small win 2. A big win 3. A small loss 4. Break even You should never experience a big loss. If you can get rid of big losses, you have a great chance of being profitable for years to come.

My Favorite Trading Method of the Last 10 Years | Barry Burns

 Here is the link. 

My Favorite Trading Method of the Last 10 Years - Learn how to see the reality of which way the market is moving. - Analyze 5 objectively measurable "energies" in market. - Use the Scoreboard Format to identify when the "energies" aligns to create an edge in the market.

Determining probability scenarios

- Take each trade to court- Need 5 independent witnesses to establish a prepondence of the evidence

Day Trading Basics, Part 2

 Here is the link. 

Stock learning: Stock Market Cycles - How to Time Your Entries with Precision

 Sept. 5, 2020

Introduction

It is so interesting to find good learning material so that I can learn how to invest while I am working on stock portfolio. I am a beginner and then work on Canada oil stock portfolio and Intc stock investment with 50% of Ameritrade.com near $10,000 dollars. I like to learn and watch some videos. 

Stock market cycles

Here is the link. 

Everyone uses the price axis in their trading, yet very few people know how to use the time axis (at the bottom of the chart) to measure cycles in timing their entries and exits. This video provides an introduction.

Day Trading For A Living - How To Avoid Losing All Your Money

 Here is the link. 

Money management - how to protect stop for every trade? How to protect stop for every day, month or every year? 

Do not put a risk more than 2% of any given trade? 5% of any day? Keep those numbers smaller, the better. 

10% for a month 

20% for quarter

30% for a year 

If you have those losses, then you are done. 

Worst of the day. 

Have a percentage stop for each:

Trade, Day, Week, Month, Quarter, Year

Preserving money - trading account. 

Consistent wrong - problems 

Make more careful when you take a trade. Psychology benefits - more selective, stop overtrading ......

more conservation, take a few better trades, believe that you will be happier. 

Forex Trading Classes

 Here is the link. 

I like to learn how to explain a graph using words from topdogtrading. It is such great English lesson for me to go through. 

Enjoy my learning. That is something I like to learn from, good teaching. 

 

How Can I Be Disciplined in Trading?

 Here is the link. 

We also trade our own mental and emotional patterns - 

Human natural - counter-intuitive - 90% of people losing - depending on your trading ......

Nerve system - how to work better with my nerve system 

Break rules - what are my rules? 

Trading is not always logic - looks good - 

Tick Charts Give You A Winning Edge In Day Trading

 Here is the link. 

233 tick chart trading the 535 EMA

 Here is the link. 

Yahoo finance chart: Sept 4 2020 9:00 - 10:00 AM sell of comparison - MSFT vs APPL

 Sept. 5, 2020

Introduction

It is important for me to learn from MSFT and APPL sell off on Sept. 4, 2020. I like to work on a short case study, and then talk about investment opportunity for short term, one hour. Bet on quick return and catch a 5 to 7% return in less than one hour. 

Case study

Here is Yahoo -> Finance -> Chart comparison. I like to take down those data and write down in the following:

Let me write the story. 

From 9:00AM to 10:00 AM on Sept. 4, 2020, MSFT went down more than 5% to 205.30, APPL went down 111.19, 10%, and there was rebound over 4% before 10:00 AM both from APPL stock and MSFT stock. 

I need to look into this rebound and see if it is good time to purchase those stock and make quick return in less than one hour. 

Actionable Items

Follow up Sept. 5, 2020 4:53 PM

Look at Nasdaq 100 index or QQQ ETF chart. 

TRADING FOR A LIVING (BY DR ALEXANDER ELDER)

 Here is the link. 

1. 3 pillars of trading: Psychology, market analysis and tiding systems and money management. 2. Keep emotions under check: Be realistic, Keep a diary of trades. Stop trading if results consistently poor. Don't focus ob profit, focus on process. practice sound money management. 3. Use indicators of different kinds in conjunctions. Use Man ( Long term indicator: such as MA/OBV and Dog (oscillators such as Stochastics ). Exponentials are better than simple averages. Need a bigger fishing rod to Catch a big fish 4. Triple screen trading system: Slope of weekly MACD histogram, Intraday breakout (trailing day stop). 5. Money management: Most important Survival followed by steady returns followed by high returns. Survival is Key.. Never risk more than 2% of equity in any trade. Use trailing stops on upside for longs.Never lower your stops, only move it in upward direction of trades.

One hour learning: Yahoo -> Finance -> Stock -> chart

 Sept. 5, 2020

Introduction

I like to take one hour study to help me control anxiety of holding over $71,000 dollars Canada oil stocks with $1087 dollars loss from August 31 to Sept. 5, 2020. I like to write down all keywords and try to memorize them. 

Chart I like to learn

I put all my stocks and make it so messy and explore the features of chart first. 

Settings

Extended hours

Gray background strips - how to read those strips?

Price details

Y-axis scale

  Linear

  Logarithmic

  Percentage

Line, area, candle, Hollow candle, bar, colored bar

2 minute interval 

I like to learn from the interval diagram, this is the first time I learn from the chart. 

Interval: 1 min, 2 mins, 5 mins, 15 mins, 30 mins, 1 hour, 4 hours, 1 day, 1 week, 1 month, 1 year. 

20 Habits of Wealthy Traders

 Here is the link. 

1.Wealthy traders are patient with winning trades and are enormously impatient with losing trades 2.They realize that making money is more important that being right 3.They look at charts as a picture of where traders are lining up to buy or sell 4.Before they enter any trade they know exactly where they will exit for either a gain or a loss 5.They approach trade number 5 with the same mindset they did on the trade 4 previous losing trades 6.They use "naked" charts and focus on zones 7.They realized a long time ago that being uncomfortable trading is OK 8.The markets are their workplace. They are a participant, not an on-looker. 9.They stopped trying to pick tops and bottoms. 10.They stopped thinking about the market being "cheap" or "expensive" 11.They are willing to change sides if the market tells them to do so 12.They trade aggressively when trading well and modestly when they are not 13.They realize the market will be open again tomorrow 14.They never add to a losing trade... EVER 15.Cash is the goal, but never the measure of success 16.They read about mobs and riots 17.They provide liquidity to the markets while watching price and volume 18.They have a way to gauge fear, greed and speed of the markets: Tick charts 233, 612 19.They practice reading the right side of the chart, not the left 20.Every wealthy trader has an "edge" they can explain to their mothers 21.Their position size is calculated exactly on risk tolerance 22.Profit targets are based on average range or something objective 23.One or two trades a month make their month 24.Confident decision makers in the face of incomplete information 25.A losing trade does not mean they are a loser 26.They buy higher highs and sell lower lows 27.Their business isn't trading, it's finding the right trades 28.They write down or record every trade, price, thoughts, news, attitude 29.Their conviction on an active trade remains unless something major changes 30.A winning trade does not result in taking on extra risk the next trade 31.They trade the reaction, not the news

My learning and my notes:  9:20 AM - 10:00 AM

Lose trade, lose trade, lose trade, and winning trade - impatient with losers

Make good decisions - Lock in thinking

bias in one way - market tells them what to do

Make money is more important than right

Technical analysis: zone, moving average, K chart

Tick charts 233, 612 - Google it.

Gauge fear, greed and speed of the markets: Tick charts 233, 612

Lessons I learned from Intel stock

 Sept. 5, 2020

Introduction

I only had less than two days with Intel stock break even with 170 shares, and then I sold and bought back with $0.50 / share more, and then Intc stock went down from $52.50 to $49 and swings. My psychology is changed since I read about Intel buys back 20 billion shares. I should trust myself, not Intc stock, try to buy into weakness. Do not chase the high price. 

Lessons I should learn

When Intel stock price goes  up $52.00 dollars, I should sell. I should keep cash instead. And let those cash stay in the account. 

Study one more time - buy into weakness

WHY 90% OF TRADERS LOSE MONEY

 Here is the link. 

There are 4 big mistakes almost every trader makes. Luckily, they can be easily fixed. These mistakes I highlight in this video are probably things you haven't heard before. Luckily we can flip these points around and come up with a very powerful trading strategy. Charlie Munger once said, "problems frequently become easier to solve if you turn them around in reverse... unless you're more gifted than Einstein, inversion will help you solve problems". This is what I did in this video. I use inversion to show you exactly why 90% of traders lose money, and how you can capitalize on their mistakes. Adam Thomas www.skyviewtrading.com cut losses option profits trading strategy strategy trader trading mistakes biggest mistakes traders make how to best trading strategy option strategy option trading options

My notes:

What 90% of traders do:

1. Buy breakouts and sell breakdowns

2. Cut losses short. Let winners run - cool theory but it doesnt work

3. Big position sizes

4. Never cap your profit potential - Higher success rate, smaller profits

Human psychology -

Inversion - your new trade strategy

1. Buy into weakness, sell into strength

2. Book profits, patient with losing trades - winner some point, in the future

3. Small positions - make decision on logic, not emotions

4. Reduce your costs by defined

Actionable Items

I do like to learn step by step to take inversion of 90% of trader doing, buy into weakness, sell into strength.

2.5 hours: Morning trading work - a beginner and a thinker

 Sept. 4, 2020

Introduction

It is a beginner and I have to push myself to think and learn, and also take some risk to learn the lessons as an investor. In the same time, I like to write down my thoughts so that I can be better educated by myself. 

2.5 hours work