Back on January 10th I had the pleasure of doing an interview with Kerem Mermutlu from Palisade Radio. We had a wide-ranging discussion on the following topics:
- How I got interested in trading at an early age and how my trading education progressed
- How Stan Weinstein’s book changed my outlook on the markets and gave me an effective way to trade the markets
- Why Stage 2 breakouts are critical and how they show the supply and demand of leading stocks in the market and what big institutions are doing
- How Jesse Livermore’s biggest mistakes came from when he deviated from his core strategy of following price action, and he made fortunes when he focused on his strategy and ignored everything else
- The gold market and how it has transitioned from a bull market to a bear market and back to a bull market over the past 10 years
- Why “buying low” is a faulty strategy if a stock is still in Stage 4 or Stage 1
- Why you should focus on sectors early in Stage 2 and shift your focus away from sectors in other stages
- We talked specifically about TSLA and how it broke out into a huge Stage 2 bull market in October 2019 (which we covered here and I traded)
- Talked about other recent leading stocks like LK
- Discussed how the market was extended heading into January 2019 and how it was due for a pullback
- Why I prefer to re-read my core trading books vs. finding new books to read
- Briefly discussed the uranium market and how it is still stuck in a sideways to lower bear market
Get more info on Stage Analysis or Stan Weinstein’s book
Check out my trading videos on Youtube
Check out my Stage Analysis Screening Tool at: http://screener.nextbigtrade.com
Twitter: @nextbigtrade
The original article and much more can be found at: https://www.nextbigtrade.com
The views and opinions expressed are for informational purposes only, and should not be considered as investment advice. Please see the disclaimer.