Ep 69: Trick to Finding New Patterns & Read Stock Charts Differently
★ SUMMARY ★
There are a lot of things in this world that play tricks on our minds, so there’s a lot of things that we see as one thing, when really they are something completely else. Or maybe our initial perception or our subconscious transforms our thinking of what we’re actually seeing, or what we’re actually thinking into something else.
The eye typically works in this way as well, we have light that hits our eye socket and then you have that light that bounces back, hits the nerves and it’s a projection of the thing that we’re attempting to see, because light is bouncing off the object, comes back, bounces and hits our eyes and then those nerves transform it into an image. So really we somewhat get a distortion of what’s really out there or what’s happening.
There are a lot of tricks that get played within your own human mind, between what you see visually, between what you initially perceive and also then your own previous experiences also have an impact on what you think and believe.
Welcome to episode number 69. I’m Sasha Evdakov, it is January 28th 2016 right now of the let’s talk stocks session, and in this session what we’ll be talking about is a trick to finding new patterns and to read stock charts slightly differently.
I’m going to give you a little technique and share with you some insight to using this technique to finding new patterns and read stock charts slightly differently.
If you’re joining us on the podcast, you may want to go ahead and watch the video here on the -YouTube channel at tradersfly.com or just go to the tradersfly.com website and then just pull up the video for episode 69, because we will be doing some exercises.
But if you’re driving in the car, then just follow along as best as you can, and then do the exercises when you can or have a moment, or at least visualize and understand what’s going on and what’s happening as we go through the lesson.
Society programs your mind
One of the things that I’ve noticed over the years is that we all have a conscience or subconscious that kind of goes deeper into our minds and it starts playing tricks on ourselves.
This is similar to how society programs your mind, there’s a lot of programming that happens out there in your mind and in your brain, so as you start looking at a lot of different ads, as you start looking at products, you might have this social habit that becomes programmed into you from your friends, from your family, from other people that tell you what’s right, what’s wrong, what religion to go to, what you should eat, what you shouldn’t eat.
It’s kind of like right now we are in that gluten free diet and everybody is looking for gluten free things, whereas 10 or 15 years ago, I didn’t hear of any such things, but now you have these new craves.
You also have these new craves for different workout systems, or fitness. From the TRX, straps, to bands, to the cross fits.
There’s a lot of new things that come out into the market place and as you start integrating into society, many people will tell you that this item right here is not really the optimal thing for you. You should go ahead and try this.
And we get programmed into this because of society, because of our social interaction. Humans themselves are naturally social. And we slowly start changing course into another direction, or we start believing what someone says, or what someone tells us.
Posted at: http://tradersfly.com/2016/01/ep-69-trick-finding-patterns-stock-charts/
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Another great lesson.
As a science major I died when he said "light hits your eye socket"
I admit that I never had such lucid explanation about the chart even from the greatest trade masters/ big boys. You are an awesome mentor. I'm quite happy to have watched your videos one after another. I'm not only learning to trade stocks from your but also having psychological discipline from you. Salute Sasha^^ Thank you so much again.
what the heck kind of nonsense are u rambling about at the beginning
Just Look at GooleFinance IBM.
Now is 163$USD, as of 26 November 2016.
You made your video on Jan28 2016, look at 19:55 in the video. The price was 122$USD.
Old but gold of a video. I don't really use a lot of indicators, and candlestick patterns, but i embarrassingly fall victim in the good earnings, contract news, reports. you name it, and even though I see the patterns I want to see, it then falls to the point I just have to exit my pos. but after maybe a few hours or days later, the stock does go up/down as I have studied. How can I discipline myself to be a swing trader? Thx again for what you are doing for us novices.
Shasta you are so awesome, thanks for all you do.
Sometimes I look at charts sideways. It kind of looks like fish swimming from side to side (support – resistance).
Hey Sasha, nice video ??, I would like to share with you all, that I just to think of doing that like 2 years ago but then I thought I was going crazy because I want it to see things that nobody else will not even think about, but I never did lol. Thanks again for sharing with us you amazing knowledge, hope you have a great weekend too and see you on you next video.
Thank you again!! Shsha 🙂 for making a great video. can you please consider making a video on trading different time frames. 15 min, Hourly, daily, weekly, monthly, etc….
I have just signed up for the Traders fly membership as i appreciate you helping us by making these great videos and teaching us. 🙂