What will happen if you climb 10 storeys at a go? Without resting. Without a sip of water. I’d be holding onto the staircase’s railing, panting, and shaking because my knees would be wobbling. And if I continue to climb, I may just pass out. Similarly, if the stock market rallies for a prolonged time
Read MoreThe US stock market reached a new high in mid-Feb 2021 and has been dropping since. Is this drop a concern? It seems that this drop is a normal market correction. It is healthy for the market to pullback and open opportunities for new trades. Shown below is the chart of the S&P 500 E-min
Read MoreWhen the stock market is rising and almost everyone around you is talking about stocks (especially sharing tips), it is a warning that a market correction or bear market is near. There is an old saying which goes “If shoe shine boys are giving stock tips, then it’s time to get out of the market.”
Read MoreAll news have been on the suspension of trading GME, AMC and the other related stocks which Reddit users have been buying through the various trading platforms such as Robinhood. Congratulations to those who profited from this a once-in-a-lifetime event! You may have missed the action, but it’s fine as there’re many opportunities which can
Read MoreThe stock market has been making new highs. The S&P 500 has soared by 75% since March 2020. The question on everybody’s mind is if a mini crash is around the corner. After all, bearish calls and reports have been surfacing lately. Instead of depending on commentary (which can be biased), you can rely on
Read MoreWe have been looking at bullish reversals previously. What about bearish ones? Definitely there are bearish reversal candlestick patterns that can give us an edge in trading the downside when the market is bearish or protect our profits when the market is bullish. In the next few articles, you will learn how to identify bearish
Read MoreLocation, location, location. It is one of the most important factors for any piece of real estate. You don’t want to live next to an open sewage area where the air is foul and pests roam freely. You’ll not want to open a ballet studio next to a drumming studio too. Prime locations command higher
Read MoreYou bought your dream car. A week later, there’s a sale and you could’ve saved $5,000. Your heart aches. In a bull run, there’re often signs of a temporary pause to a price rally or a short decline in prices. You’ll want to identify these signs to save you your hard earned money and time.
Read MoreArgh! That’s one stock that I didn’t buy due to a lack of funds! Have you experienced this? Worse still, you have other stocks in your portfolio that are either caught in a range or losing you money. Prices move in 3 directions – up, down or sideways. If you’d gone Long, you don’t wish
Read MoreWhat do Steve Jobs and Oprah Winfrey have in common? Apart from being well-known, they’ve skipped a grade in school. They’ve continued to excel after skipping a grade. But before you skip to the next sentence, do you know how to read candlesticks? You can learn how to read candlesticks here (there’s even a cheat
Read MoreMemorizing candlestick patterns is not the way to go. Understanding the trading psychology behind the candlestick patterns is. The famous Mahatma Ghandi once said Your beliefs become your thoughts. Your thoughts become your words. Your words become your actions. Your actions become your habits. Your habits become your values. Your values become your destiny. In
Read MoreCristiano Ronaldo. He is highly regarded as the world’s greatest of all time (GOAT) footballer. He is the kind of player that you’d not see again for many years, even decades. Fans surround him for photos and autographs. Just as you’d request to take a photo with Ronaldo, you’d want to buy stocks which show
Read MoreHave you seen a happy dog? How do you know that it’s happy? The signs of a happy dog include the wagging of its tail fast and hard, running towards you to lick and hug you, and sometimes barking in excitement. Just like the stock market, there are signs to tell if a stock is
Read MoreYou are excited when the stock market goes up. You go on a buying spree. When the market drops, you get worried. As the market continues to slide, you get terrified. You hope that the slide is over before you get stopped out. How do you know if the bulls are back to push prices
Read MoreThere are so many ways of plotting the prices of equities today. Naming a few – line, point and figure, area, and candlesticks. Which chart plotting method should you use? I was using line charts because they were the easiest to read; I was able to tell the direction of the market at one glance.
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