Wow that was a golden nugget. "The opening price shows the amateurs view of the value of a stock. Since they generally act in the morning. The closing price indicates the opinion of the professionals."
I have read this book and found it inspiring. Dr. Alexander provided numerous examples how people think before trading and the importance of money management. Really enjoyed his book as well as your video.
Currently half way through this book with taking notes. Learned a lot. Even though there are things I do not agree with, in general, a very good book. But if you are someone who wants it "to the point", "show me how it is done step by step", then it might not be for you. And there is a lot more to the book for people who are wondering: it is explained what oscillators are, what trend-following indicators are. All indicators (for ex: MACD), then also RSI, Stochastic etc... these things are explained in the book, and how you should use them (you should not use them as standalone tools, just as helping tools).
Hi. First of all thank you for your hard work and effort on these videos. I love your channel, I love your videos, I love the way you explain your topics. I binge watch all your videos and I learned a lot and it really fast track my education/research. I just want to request if you can.. to please organize/categorize your video in a playlist by stars rate ( 5,4, 3 stars etc.) and also by topic ( like a separate playlist of Technical, Fundamental, Risk/Money Management and Psychology) so that it would be much easier to look for in in the future when i want to see/review a video for a certain topic that I want to focus. Thank you very much again for this wonderful channel.
Hi Joyce, Thank you for your kind words, really means a lot to me.... Great idea to categorise them, i'll do that later. In terms of rating, thats a difficult one because i'm told i cant give a book a negative review. I do however only try to pick the best books or the ones which have had the biggest influence to me. Thanks again!
Thank you just binged watched. What i would love to read is a investment book written by yourself , what your trading style is if your profitable what you have learned out of reading and reviewing the books, if you changed your investment style after reading the books. Personally i think your input from the knowledge gained would be just as interesting as the books you reviewed. and thanks again
Thanks Kevin, Its an interesting suggestion... maybe a consideration in time. Yes my process has matured over the years and I would like to think I have the optimum strategy for my personality, I value technicals just as much fundamentals as such my approach is weekly charts to provide a hybrid concept, a weighting towards momentum on a consolidation breakout with good Quality fundamentals. Maybe i''ll do a video just on my strategy...👍
A very enjoyable and professional presentation. Thank you. Are you planning to give books a star rating? Perhaps you could do a presentation on which books you recommend and which should be avoided?
Great content! Just a friendly suggestion: slowing down your speech a bit could make it easier for viewers to follow along and fully absorb your insights. Keep up the good work!
this book review was covered in a bit more detail by the swedish investor YT channel. this vid here; it had good summary, but not details about elder ray, etc.
Thanks a lot for your hard work and your channel! Would you mind reviewing "The New Sell and Sell Short: How To Take Profits, Cut Losses, and Benefit From Price Declines" from Alexander Elder?
Great video, incredibly smart set of rules for risk management and continuous improvement as an investor Also, please review: Reminiscences of a Stock Operator
Ich wollte das Buch als Ebook auf deutsch bei Amazon bestellen. Angeblich "kann" es nicht nach Deutschland geliefert werden. Was für eine Frechheit! I wanted to order the book as an ebook in German from Amazon. Supposedly it "can't" be delivered to Germany. What a cheek!
I always have a query about profit booking.. like if currently hoding stock as per strategy taken and it's up and having 8% profit.. now confusion if it goes down I may loose current profit. Because current candle is spiked high. Possiblty it may reverse. Not sure. There is a SL placed. So how to avoid emotions here whether I should exit with 8%profit or wait for macd, rsi etc confirmation but I may loose current profit. Please advice
3:20 wait I thought position size WAS your risk? I don’t understand what if you’re in a short position and price gaps above your stop? Did we just risk 20% of our account? Why are position size and risk different?
Hi Last Name First, You make a very valid point, one which has some subjectivity to the answer 'perhaps'. In essence I'm with you, the overall risk is position size, i.e should the company go insolvent over night you would be exposed to the whole position. However, in terms of calculating risk vs reward (and using a probablistic approach to 'anticipated' risk) its generally recognised that risk is calculated as the stop loss position. Hope that helps.👍
Thank you for a job well done. I have started listening to this audiobook. Interested in learning more. Interested to learn more about the book “ The Intelligent Investor.”
Black Wall Street wealth understands the quantum fields wealth . Infragel financial infrastructure collaborations brand the champions commanding systems .... Music and performance value commands the half time goals. Get UP and fight for our countries. Guideline savings start with good health and wealth is cumulative.
Hi Greenscorpio, I hear you, this would generally be aimed at the beginning investor, I have another being released later tonight for Tony Robbins (Money Master The Game) again for the early investor with some motivation. After this I hope to start aiming at the more seasoned..
