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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9 COMMENTS

  1. 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?

  2. 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.

  3. 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

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