How Long Should You Spend on Analyzing a Stock Chart
★ SUMMARY ★
Here’s a question for you: How long does it take for you to purchase a vehicle?
Let’s say I am buying your favorite ice cream – something that doesn’t cost more than $5. Chances are, you take more time deciding to purchase a vehicle (compared to the ice cream), because it costs so much more.
You also don’t understand the purchase as much. It isn’t a ‘repeatable’ purchase, because the car is new – new technology, new gimmicks, etc.
On the flip side, purchasing ice cream for less than $5 is a short process because it is something you’re familiar with. It’s a ‘consumable’ good that you are just looking to restock. The whole decision process could take you less than 10 seconds.
Posted at: http://tradersfly.com/2013/12/long-spend-analyzing-stock-chart/
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I want ice cream so badly now.
very nice
do you have a lecture about schedule of safe payments in partnership liquidation?
Hey Sasha, thanks for the education! I just recently found your channel. Every time I watch your video, I feel I have a lot more to learn.
At the end of this video, you mentioned that you trade a few stocks that you know over and over again.
Question, how do you deal with Wash Sale rule when you do that?
Great insights, I never thought of it that way a 33.3% chance of getting it right(there are indeed only 3 outcomes). Also agree with sticking to what you know even if its just a few stocks, quality over quantity.
Take it Sahsa that you like Byers Ice Cream! Little free advertisement for Byers! Good Stuff Vanilla bean is the Best.
i've never seen you using level 2 quotes! do you use it at all?
also, what platform do you personally use for day trading?
Hi sasha im actually a newbie in this industry.. Just wanna ask if what can you advice to in choosing a stock.. Of course before you trade you must choose the sticks that you will trade any insights in this hoping for response
Greetings from the Philippines
Great common sense advice. Thanks