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081: Alan Farley – Breaking Down Breakouts and Dynamics of Price Movement, with The Master Swing Trader

Chat With Traders

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The Risk Consciousness of Trading After the 87 Crash

The 87 crash wasn't like the 2000, a bear market or the 2007 bear market. It was more like the 29 and that it came out of a parabolic parabolic rally. So all that happened is you gave up fairly short term gains. And so everybody was very optimistic and upbeat. Plus we were baby boomers in our thirties just hitting our prime time in capital. We're just starting to make the most money in our lives. I mean, millennials have sort of the opposite timing. They're moving into an environment of lack versus abundance.

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