Quick sharing with new investors / traders
If you have been following my videos, you will realise that i always paint 2 scenarios for a stock - both up and down.
Some may see such approach as though it is stating the obvious that the market will either go up or go down haha. Well, It’s not wrong to say that, because indeed the market can go up or down![]()
And because that is the nature of the market, i always share that i prefer to let the market choose its direction first, before committing to a trade.
If you know coding, you will know what is “IF statement” and you will probably know what I mean.
To put it simply, they are conditional statements. For instance, if A is true, then return B result.
So to apply to my investment style, it means, if A happens, the chance of B outcome is high.
For instance, if A support level is breached, then we stand a high chance to fall to B level. This applies to the upside too. But a caveat here - nothing is guaranteed. It’s all about probability.
Real example: Yesterday I shared that for Apple, if 144 is broken (condition A), we will likely hit 130s range (result B). And that’s exactly what happened.
Hope you have learnt something! If you do, hope you can like and subscribe to my channel / video
Some may see such approach as though it is stating the obvious that the market will either go up or go down haha. Well, It’s not wrong to say that, because indeed the market can go up or down
And because that is the nature of the market, i always share that i prefer to let the market choose its direction first, before committing to a trade.
If you know coding, you will know what is “IF statement” and you will probably know what I mean.
To put it simply, they are conditional statements. For instance, if A is true, then return B result.
So to apply to my investment style, it means, if A happens, the chance of B outcome is high.
For instance, if A support level is breached, then we stand a high chance to fall to B level. This applies to the upside too. But a caveat here - nothing is guaranteed. It’s all about probability.
Real example: Yesterday I shared that for Apple, if 144 is broken (condition A), we will likely hit 130s range (result B). And that’s exactly what happened.
Hope you have learnt something! If you do, hope you can like and subscribe to my channel / video
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Successful investing is about managing risk, not avoiding it. DYODD
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icezzz : This method is great, won't bias to bullish or bearish and flexible to change ,follow trend
Cow Moo-ney OP icezzz : Haha yes !
mozzie88 : I did watched yr video but not mention Amazon, may i know amazon up / down will go to what range?
Cow Moo-ney OP mozzie88 : Oh, because I don't have position in Amazon. Took a quick glance at the chart - it’s very oversold now. Likely to bounce up a little. Huge resistance at 101, needs to get above that to turn things around a little. On the downside, 86 is quite key. If it breaks, things could turn ugly
Cow Moo-ney OP Cow Moo-ney OP : To add on, if it breaks above 101, we could potentially hit as high as 109-110 before the next resistance comes in
mozzie88 : Thanks, bro, I like your analysis of both trends. usually, I snapshot it and then create a collage up & down for my reference. very useful, thank you put effort into producing the video.
Cow Moo-ney OP mozzie88 : That's nice to hear! Hope my content are beneficial![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")