Are Oil, Gold, Transports, Health Care, or Technology Stocks a Good Investment Now?
★ SUMMARY ★
Are Oil, gold, transports, health care, or technology stocks a good investment now? If so, which companies would you recommend?
This is a little bit of a difficult question to answer because of the mindset that many people have when they trade stocks. In general, when you look at the viewpoints of stocks or investments, the traditional way people have been trained to look at stocks is through sectors.
They look at specific categories and try to figure out which ones are doing well, whether it’s healthcare, oil or gold. And then what they do is, they look at companies and make investment decisions in the stock market based on those sectors.
I don’t like that approach because sectors are constantly changing, and it can be a very dangerous way of trading. That’s why I don’t normally like investing based on categories or sectors.
Instead, what I do is look for companies that are consolidating and building for higher moves, and I choose stocks based on patterns and technical analysis. I would much rather choose a stock based on a pattern than choose a category and then try to pick something in that category. It’s much better to just choose a high-quality stock on its own, rather than choosing or forcing myself to pick something within a sector.
When you’re trading based on patterns, there are no emotional attachments. You trade stocks based on their price action, behavior and movement, which helps you make fewer mistakes.
You can take a look at any stock and find patterns that will help you predict the movement of the stock. However, if you can’t recognize a pattern forming, then simply move on to another stock. Because it is much better to trade based on a proper pattern than just trade what somebody says on TV.
How many pattern movements should you learn to recognize?
Obviously, the more patterns you know and recognize, the better you’ll be able to trade. However, you don’t need to know a thousand patterns. Learning to recognize three to five basic patterns is really all you need. Just make sure you don’t confuse yourself trying to learn too many patterns.
In this video, we’re going to take a look at how this works in a real life example. We’ll take a look at some companies, such as Amazon, Wynn, Tesla, and Netflix, and we’ll evaluate some patterns forming in them.
Posted at: http://tradersfly.com/2017/01/types-stocks-companies-recommendation/
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Would it be safer to buy stocks when they dip & sell near the resistance level? With blue chip stocks its easier to read the pattern & get company news. Youd need to invest more to make a small profit but thats the general idea though right.
This idea that professionals are on the way out when they start promoting these great investments is a myth. Firstly, just look at hedge, pension, and mutual fund returns… most cant beat S&P500, and many grossly underperform. Their results would be much better if they got in near the lows, and out (or short) near the highs. As an example, the investing professional George Soros lost a bilion dollars weeks after Trump got elected. Secondly, retail investors will not move the market in any meaningful way anyway, so there is no value in luring them into the market to unload shares… that would be like pouring a swimming pool into a glass.
whats a good fxbroker that offers at leasr1 to 400 leverage
Sasha, what is the best investment in a deglobalizing, nationalist, multi-polar world with cyclical currency wars and overinflated equity markets?
How is the Trump-Putin Bromance going to affect the economy?
$HD has a pattern that I have figured out, just have to wait for it to play out.
Still with you. Thanks for the next lesson.
Of all the people I've seen so far who keep saying "find the pattern!" your the first one I've come across the actually shows some patterns as examples. its very helpful so thank you for that.