“The market is made up of people, and to beat it you have to know them as well as you do the thing you’re considering investing in”
One of the focal points of my NYC Investor Conference was to throw away all the book you’ve read about technical analysis. All they’ve been good for is programming droves of traders that all think and behave in the same way.
Think about that for a minute.
What is working more and more these days is to understand a “playbook” way to approach trading a stock. Bounce off a moving average? Support/Resistance? Head and shoulders? The list goes on and on.
If you are like me and have watched these things continually fail for the last few years, it is because the machines have now become smarter than you, and you are becoming an easier target to prey upon.
How do you think I was able to navigate nearly every single days outcome in the month of September? Have you seen a scarier or more complex environment? Yet, we managed every price swing and thought process like it was nothing.
If you are relatively new to the market you are unwashed. There is no finer environment to study than in the last 5 years. It encompasses it all.
If you are struggling, it is time to unlearn the ways of the old. I think we have the optimal playbook for increasing your success at this game.
If you haven’t join me in After Hours with Option Addict (extra soft sell).