Ep 81: Intraday Action, Day Trading, Social Media, Emotional Trading, & More

★ SUMMARY ★
I’m going to share with you the trading, the intraday action, as well as the emotions, my thought process, what I’m looking at and just give you some insight to some of the charts, some of the support and resistance levels of the SPY and SPX.

We’re going to drill into that, I’m going to show you some things probably with emotions and how they play out and how people get really gets psyched up or excited but then also why you shouldn’t really buy into those things.

Just enjoy the lesson enjoy, enjoy the time.

Looking over the intraday chart, again some of these concepts I share with you, really you want to also apply more so to the daily charts really the big picture I’m always looking at the daily the weekly and monthly charts so those are the key.

Posted at: http://tradersfly.com/2016/04/ep-81-intraday-action/

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21 COMMENTS

  1. Hey Sasha, my account is still small under 2k. I did good with a few trades and havnt lost anything yet. Just messin with cheap stocks right now. Anyways, Ive got about 400 bucks into 2 cheap penny stocks, and they both went down so Im kind of mad because I didnt want to be long in them, due to trying to grow small account. I hav a day job so Im not going to take a dive, but I also dont want to take a loss. Im thinking it might be better to just suck it up and hold them long, hoping some day they could pick up. I mean if I dont need the money right now, thats pry what I should do right?? I think I was on a roll so I got caught wanting everything right now! I cant help to feel bummed about this, I would feel better if I had a 10k account, but at less than 2k, it feels shitty. What do you think man, I always appreciate your thoughts. Take care.

  2. Sasha what is your perspective on Warren Buffet investment philosophy. I want to help you since you have helped me so much. Read "The intelligent investor" if you have not already. No other book will pay for itself like this one.

  3. What are your thoughts on buying on "upgrades" by analyst? I can see on Finviz stock screening how some stocks jump a good amount because they get upgrades. Thanks Sasha, keep up the good work on the videos!

  4. First of all, hope you feel better.
    All content said in the video above really is true and stated how it works.
    Manipulation, emotions, turnover.
    Thank you, you are telling the idea, this is a very important part in trading.

  5. Wow it's like you read my mind. I was going to suggest making a video on this exact topic. I like to make analogies to running. When I trained for track, I still did sprint training even though I was a middle distance runner. I think of training the same way. Every exercise and action has a purpose. The sequence you do them in the intervals it all has a purpose. I like to think of the daily as my main event I run. Day trading/intra-day analysis helps on the "speed work" for the main run. It's also like working on different muscles groups or mental perspectives(in the trading context).

    If you look at great runners they excel in their main event in addition to being proficient at the distance above and below their main events. Trading is similar, I'am a swing trader. Yet I like to work on my "speed" in the intra-day. Practicing my ability to see what kind of candle will form in the daily. While also practicing long term investing in time frames greater than 6 months. Kind of like doing long runs to get a good endurance foundation. I love that trading allows for creative thinking to suit however you see the world.

    Even if you don't day trade, you should still be decent at it. At a level where you can jump into it and not loose money.

  6. Sasha, I hope you are feeling better. Thank you so much for this absolute gem of a video. You are amazing for being so generous with your time – and you are a fantastic teacher! Have a good weekend! Anne

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