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/
★ SHARE THIS VIDEO ★
★ SUBSCRIBE TO MY YOUTUBE: ★
★ ABOUT TRADERSFLY ★
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better.
Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!
FREE 15 DAY TRIAL TO THE CRITICAL CHARTS
GET THE NEWSLETTER
STOCK TRADING COURSES:
STOCK TRADING BOOKS:
MY YOUTUBE CHANNELS:
— TradersFly: http://bit.ly/tradersfly
— BackstageIncome: http://bit.ly/backstageincome