3min chapter

Chat With Traders cover image

032: Dan Shapiro – How to Handle a Run of Losses & Grind Through Slumps, While Keeping Your Emotions Intact

Chat With Traders

CHAPTER

What Are the Common Denominators on the Charts?

You have to figureout who the hell you are. That's number one, ok. You can't be somebody else. There's nothing on a chart that is going to jump off the page and say, this is the right thing to do. Everything is trial and error. I look for a stock that puts in an initial move, bases out for at least five days, and once it gets above that initial move, i buy the stock. Supplies ons are where emotional buyers meet technical sellers,. If you don't know that supply one is there, you are going to get rejected 90 % of the time. And then the stock is going to fail.

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