Ep 113: Your Positions in Bullish Market Conditions
★ SUMMARY ★
When you are in a bullish market, everything seems to go your way if you have long positions. This may make trading a lot easier but this is the right time to be little more cautious.
If you are new to trading and you only experienced bullish markets that are stretched and overextended then this may give you a false sense of hope or level of experience as you are making consistent income and have yet to have a difficult month.
In this episode I share with you how to be a little more calm and cautious especially at the beginning in bullish conditions. When it comes to stock trading a false sense of experience is a bad sign because need to have things that go against you and you are overextended you don’t know what to do and you get hurt badly.
Here we will cover some risks, things to watch out for, how you can hedge for moves against you, just your own personal mentality in psychology when it comes to trading in the stock market if you are new.
* Please note: some of the items listed below could and may be affiliate links **
* Trading Software / Tools *
* Stock Trading Books *
Encyclopedia of Chart Patterns: http://amzn.to/2fCnxIB
How to Make Money in Stocks Getting Started: http://amzn.to/2f8FKsM
How to Make Money in Stocks: 4th Ed: http://amzn.to/2f8E1DQ
Reminiscences of a Stock Operator: http://amzn.to/2gpQMNm
One Up On Wall Street: http://amzn.to/2gbMHJJ
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