Good morning everyone.
Just a quick note on the importance of doing your own analysis and having confidence in your own skills.
I am sure like me you receive tonnes of emails urging you to take a particular action in the markets, whether stock, forex, options or futures.
Here is one i got recently. The source suggested these were all immediate buys.
For educational purposes only, I took a quick look at the charts for each one, as usual, doing a top down analysis, starting from the monthly down to the daily charts.
Please note, i did not trade these stocks, just analysed them. I use S.A.D for analyzing all markets and asset classes, whether i trade them or not.
My analysis found 4 out of the 5 stocks as of the day the data was shown, were actually great shorting opportunities.
The last one (WCG), was making all time highs but I wasn't interested in the buy side just because the stock market itself has been struggling and equally important, most of the stocks in the same sector were also struggling.
The call was made on October 10th 2016. I have not shown the source of the call because that is not the point of this. We all make wrong calls.
The point is to urge us all to do our own homework on the market(s) we trade.
So, please, trust your own analysis, no one elses.
Be patient, persevere and have a positive attitude.
Regardless of the methodology a trader uses (and it does not have to be S.A.D), he/she must immerse himself/herself in that, totally.
Here are 3 of the 5 charts showing the daily entries.
Best wishes
Just a quick note on the importance of doing your own analysis and having confidence in your own skills.
I am sure like me you receive tonnes of emails urging you to take a particular action in the markets, whether stock, forex, options or futures.
Here is one i got recently. The source suggested these were all immediate buys.
For educational purposes only, I took a quick look at the charts for each one, as usual, doing a top down analysis, starting from the monthly down to the daily charts.
Please note, i did not trade these stocks, just analysed them. I use S.A.D for analyzing all markets and asset classes, whether i trade them or not.
My analysis found 4 out of the 5 stocks as of the day the data was shown, were actually great shorting opportunities.
The last one (WCG), was making all time highs but I wasn't interested in the buy side just because the stock market itself has been struggling and equally important, most of the stocks in the same sector were also struggling.
The call was made on October 10th 2016. I have not shown the source of the call because that is not the point of this. We all make wrong calls.
The point is to urge us all to do our own homework on the market(s) we trade.
So, please, trust your own analysis, no one elses.
Be patient, persevere and have a positive attitude.
Regardless of the methodology a trader uses (and it does not have to be S.A.D), he/she must immerse himself/herself in that, totally.
Here are 3 of the 5 charts showing the daily entries.
Best wishes
Be careful what you think because your thoughts run your life..Solomon
