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[BEGINNERS] How to Start Winning w/ Stocks 
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Here, you'll find...
A compilation of strategies for
winning/mitigating loss.
Not a professional,
and none of this is financial advice
Who am I to be writing this?
I've grown a small account
$500 to over $2,500 in 2 months now.
Basic Principles I followed:
A compilation of strategies for
winning/mitigating loss. Not a professional,and none of this is financial advice
Who am I to be writing this?I've grown a small account
$500 to over $2,500 in 2 months now.
Basic Principles I followed:
Lesson One:
If you mess up, it's likely your fault:
A. You didn't have a plan
B. You let your emotions make the decision.
Do the opposite of how everyone else is feeling.
Buy when they're depressed and selling to you,
Sell when they're euphoric entering the market.
If you mess up, it's likely your fault:
A. You didn't have a plan
B. You let your emotions make the decision.
Do the opposite of how everyone else is feeling.
Buy when they're depressed and selling to you,
Sell when they're euphoric entering the market.
Lesson Two: The Four Phases of the Market
The market is either
1. consolidating
2. beginning to uptrend
3. peaking
4. downtrending
that's it.
Where do we enter?
Long between the end of 1 and beginning of 2
Short at the end of 3, beginning of 4.
The market is either
1. consolidating
2. beginning to uptrend
3. peaking
4. downtrending
that's it.
Where do we enter?
Long between the end of 1 and beginning of 2
Short at the end of 3, beginning of 4.
Lesson Three: The Elliot Wave
Great free lesson here -> https://www.elliottwave.com/en/Free-Reports/Elliott-Wave-Principle
To keep it simple...
Get in at
Wave 2 (Pullback) trough,
Get out at Wave 5 (Peak) crest.
Note: DO NOT confuse Wave A with Wave 2, it is NOT a pullback, it's the BULL TRAP.
Great free lesson here -> https://www.elliottwave.com/en/Free-Reports/Elliott-Wave-Principle
To keep it simple...
Get in at
Wave 2 (Pullback) trough,Get out at
Wave 5 (Peak) crest.Note: DO NOT confuse Wave A with Wave 2, it is NOT a pullback, it's the BULL TRAP.
Lesson Four: Learn to Draw Trend Lines
Find 2-3 points to line up.
Match with your knowledge above of potential
Elliot Wave sequences
to figure out where 1, 2, 3, 4, 5, A, B, C, D, E are gonna occur.
It takes time and practice.
Find 2-3 points to line up.
Match with your knowledge above of potential
Elliot Wave sequences
to figure out where 1, 2, 3, 4, 5, A, B, C, D, E are gonna occur.
It takes time and practice.
Lesson Five: Predicting Trend Changes
When studying a chart...
Ask yourself these 3 questions
1. Did the trend line get broken?
2. Did price movement fail a retest?
3. Did the price drop below previous low?
No on 2 or 3 above?
You're most likely out of a trend :)
When studying a chart...
Ask yourself these 3 questions
1. Did the trend line get broken?
2. Did price movement fail a retest?
3. Did the price drop below previous low?
No on 2 or 3 above?
You're most likely out of a trend :)
That's a wrap!
Want more info for Getting Started?
@TazTrader has an amazing blog.
Start there
https://www.swing-trade-stocks.com/learn-swing-trading.html
Forget day trading,
focus on swings and trends,
make the same or more money,
with 90%+ less stress,
and no staring at screens every day.
Want more info for Getting Started?
@TazTrader has an amazing blog.
Start there
https://www.swing-trade-stocks.com/learn-swing-trading.htmlForget day trading,
focus on swings and trends,
make the same or more money,
with 90%+ less stress,
and no staring at screens every day.
