A pretty passionate video on how the markets are a tool for making money nothing else, To become successful in trading you need to get with the program and eliminate the emotions and the fear that is brought on by media and not believing in your own ability to trade. Might sound harsh, but we should all know the markets don't really show a true accounting of the companies that represent it. This market is not hard to understand at all. There are patterns that form all around us, That's the natural progression of things. And like in nature there are wonderful patterns that get disrupted by natural evens that kinda of redefine the landscape. Well the same thing happens in charts, You can have a perfect pattern to trade, but at some point there could be a disruption in the chart due to news or some event. As soon as that clears up patterns re-develop and as soon as you can recognize this you can trade off it. This Video is the key to trading in the most simplest and most successful method. Nothing will come close.. You know it and I do. We just got to watch out for those earthquakes along the way.
Just love your screencasts !! Don't think there's another trader who does his job with such passion and honesty. You're doing a great service to noobs like me who have been fed a diet of half-truths and blatant lies about market functioning. The real secret to a successful trading career is right here in your collection of videos !!! No kidding.
jshanker2005 2 months ago
And from Dec 17th to 22nd the market was read for approx. 5 days. Technicals are useless in ranging markets. Since 90% of traders lose money, one has no other choice than to adopt a contrarian strategy to counter the sheep indicator followers.
usta4070 3 months ago
Great Video. Thank you.
dwranson 3 months ago
@cdyow CLEARLY DTRS won't answer my questions. he's busy i guess. one thing i've noticed is he is biased to the upside. it's important not to be biased but easier said then done. i'm biased to the downside as i think the WEEKLY charts are bearish. not sure if he considers the WEEKLY charts as he won't answer me lol. if you watch his show, alot of fun, daytradingradio dit com you can follow some of the trades.
maximumvalues 3 months ago
one thing... equities are last to be paid out in the event a company becomes insolvent. in the case of EXPE they have a 1:1 current ratio. lots of unhealthy balance sheets out there. possible money is preferring corportate bonds for a steady return and in the even the company gets in trouble they get paid out first.
maximumvalues 3 months ago
only thing i bought calls in today was UNG ... oversold on the daily and weekly charts. bought the $8 DEC CALLS UNG close to the end of day. do you ever look at the weekly charts for trend? i like to play the trend so im mostly short. would like your opinion on weekly chart DTRS... respect your ideas.
maximumvalues 3 months ago
@karunyankrishnasamy QuoteTracker & IQ Charts
jdbs2009 3 months ago
WM looks weak on the weekly like many others. regected at the 50SMA hard and then now sitting on the 200SMA ... up on light volume last week but up a nickle.. down a dime. almost every chart i look at looks weak on the weekly... confusing. WEEKLY WM refuted at 50RSI ,,, FULL STO crossed over @ 70 mark. WEEKLY charts mean less than the daily?
maximumvalues 3 months ago
what about the WEEKLY CHARTS? you look at those? MS was oversold on the weekly at 14 but now it failed to confirm above the 20SMA on the weekly. this failure was a rejection at the bullish point of 50 on the RSI. are you just looking for a one day pop? or are you thinking they go up based on the weekly? the weekly looks weakling?
maximumvalues 3 months ago
you really think explosive move higher? alot of stocks moved higher on 30% of daily avg. volume? should we not see a few days pull back and see if there is any volume to the upside after that? MON TUES decline... then head higher if that test passes on light volume.... RIMM looks nice for a STOCH DBL BOTTOM.
maximumvalues 3 months ago