Ep 149: Reviewing 20+ Stock Charts [Technical Analysis]
★ SUMMARY ★
Today’s episode is going to be about stock market wisdom. We’ll take a look at a list of 20 different stocks and review them, they’re not in any particular order, but they are the most popular ones, as far as the market goes and as far as trading volume, so I’ll give you some insights about these stocks, how they are moving, acting, behaving, and I’ll evaluate the overall market.
You have to look at the big companies, and see how those companies are behaving. And if those companies break down, then the market is going to break down, because they are the leader companies, they lead the market, and generally if they move up, the market moves up, and if they move down, the market moves down. And this is simply because in these companies is where all the money is, because a lot of people are trading them. These are companies such as Facebook, Google, Apple, Amazon, etc.
We’ll talk about pull backs. Pull backs are a great buying opportunity, because later things can move much higher. The market in general continues to go higher; however, pullbacks are necessary for the health of a stock and for that stock to continue moving up. That’s why I like it when stocks pull back.
Also we’ll talk about support and resistance levels, we’ll evaluate volume and price, look for trend lines and patterns in the charts, and try to predict the future movements of the stocks.
Posted at: http://tradersfly.com/2017/08/ep-149-reviewing-stock-charts/
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Thank you for posting this you gave me a good perspective!
There was no indication that market was gonna bounce at that support/resistance line, all of this looks good after, and its easy to draw a trendline, or S/R, but when you're trading on the hard right edge, you would not bet real money that it would bounce on some imaginary line. If you guys think the professionals use these imaginary lines to make their return , then you are just giving your money away. Learn fundamentals, nothing on any software will help u trade, you need an inter-market analysis not some fib levels and S/R
post-hoc analysis
Very Good Video.
i have a hard time keeping emotions at bay, 'till the point that i questioned several my choice to become a day trader. Sasha is giving a sense to all of this. Thank you. Olivier
"I like Apple's stock but I don't like their products."
Couldn't have said it better myself
Hi Sasha! Love the videos! Although I was wondering, what program are you using in this video to analyze the stocks?
Your one of the most knowledgeable people on yt like a young Michale covel lol
superb
Hi Sasha i hope you having a good week!
I already left a comment for the video but i want to tell you that i find you very clear and simple in explanation even for a beginner like i m 🙂
What kind of program would you raccomend for a new european person in these business?
Thanks
Good video man 🙂
Thanks
.Great Episode. Learn from you a lot.
Keep up your excellent work.
your technical as well as fundamentals are excellent, i do not care you analyze which stock but the content inside is very important to guide us.. keep going I appreciate…if you are conducting webinars i will join them my regards
Hey Sasha! I bought your book on penny stock charts and just wanted to say thank you. It was very interesting and helpful!
it is episode 148 or episode 149???
Is there significant intrest shorting stocks more than a few days. Or a day. Im using etrade and I think there rate is around 9.xx %. So 10k / .10 .,,, 1k / 365 = 2.74 ish per day.
Does that look right. Also i was on the phone with customer service and they acted like whatever i margined for the day as long as it was back by the end of the day there was no charge. That sounded to good to be true but I guess they do make 5 per trade so 10 both ways.
Hi Sasha, What journal software and charting tool are you recommending? I am a casual trader, maybe a couple of times a week. Thanks.
First like.