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Mastering Smart Investor Strategies
- 2024/10/26
- 再生時間： 1 時間 8 分
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あらすじ・解説
Mastering Smart Investor StrategiesGet Your Personal Financial Budget Statement Here:https://s3.us-central-1.wasabisys.com/40webinars/personal-financial-statement.xlsxBriarCliff Crest is an exclusive, invite-only opportunity for select traders looking to elevate their strategies. The only way to secure a chance for an invitation is to email the contact info provided on this podcast.Show NotesIntroductionPodcast Setup: Drink, Smoke, Stock Podcast begins with anticipation for questions.Drinks of Choice:Antonio: Drinking coffee.Otis: Drinking water.Deaunna: Drinking vanilla Coke.Topic: The focus is on trading, particularly day trading (getting in and out of positions once certain levels are hit).Otis’ Question to Grace and DeannaOtis' Query: What is your thought process before you enter a stock position?Specifics: Interested in knowing if they rely on charts or feelings when deciding to purchase stocks.Focus on Entry: What criteria do they use before hitting “buy”?Deaunna’s ResponseAI Assistance:Deaunna mentioned using an AI (ChatGPT) to create a list of stock suggestions.She asked the AI for stocks under $100 and has been following its recommendations.Thought Process:Her thought process before picking a stock is based on daily spending habits. If she spends money on a product or service daily, she considers its stock.She hasn’t actively started trading yet due to school finals.Paper Trading:Deanna has experience with paper trading from almost 10 years ago.She mentioned needing to retrain her brain after revisiting trading concepts such as candle charts.Recognizes that she needs to unlearn old habits and relearn new ones to avoid past emotional responses.Otis’ Follow-up on Trading MindsetOtis' Inquiry:He wanted to understand what goes through Deanna’s mind when choosing stocks.He emphasized the importance of understanding the market trends (highs/lows of the day/week) before deciding to buy.Otis’ Trading Process:Stocks have cyclical patterns (up and down).To make a profit, you should buy low and sell high.Stock Selection: Choose stocks that have room to grow, meaning they need to be positioned for upward movement.Timeframes for Analysis:Start with a 4-hour chart.Then move to 1-hour, 30-minutes, and finally make the entry based on a 5-minute chart.Volume Monitoring: He checks the volume to see how much money is flowing in and out of the stock. The more money flowing in, the better.Stop Loss StrategySetting Stop Loss:Otis always moves his stop loss above the entry point to ensure he stays in profit, even if the stock goes sideways and stops him out.Outcome: Even when the market stops him out, he still makes a profit by moving his stop loss.Antonio’s Question: Room for Stock GrowthAntonio’s Inquiry:Asked Otis how to recognize if a stock has room to grow.He emphasized the need to identify this before entering a position.Otis' Technical Response on Stock GrowthStock Growth Identification:Look at the stock’s chart to ensure it’s not at its peak.Analyze the market using timeframes and volume data to see if there is room for the stock to move upwards.Method:Use the 52-week high as a benchmark.Track stock movement on different timeframes (4-hour, 1-hour, 5-minute) to identify growth potential.Observe volume to ensure strong momentum.Deaunna’s Candid CommentDeaunna’s Reaction:Expressed that she only knows she’s losing money at the moment.This lighthearted comment shows her ongoing learning process in trading.Key Takeaways:Antonio and Otis highlighted the importance of understanding stock trends and volume before entering positions.The conversation blended practical trading strategies with candid experiences from Grace and Deanna as they navigate their trading journeys.Narrating the Trading ScreenAccount Balance: $99,965.90.Equity: Less than the account balance, unclear.P&L (Profit & Loss): Negative $34.10, indicating a small loss.Reaction: Grace mentions not understanding much, but she knows the loss is not good.Emotional Response: Grace feels unsettled by the loss, despite the small amount.Antonio’s Response to the LossLighthearted Comment: Antonio finds it amusing that Grace is upset over a $34 loss.Perspective:Losing any amount can feel unsettling, no matter the total account balance.Antonio initially thought Grace was dealing with a much larger loss based on how she described it.Grace’s ExpectationDesire for Perfection: Grace wants to win 100% of the time, even though she knows it's not realistic.Discomfort with Red:She dislikes seeing red (negative) numbers in her account.She expresses confusion about understanding certain stocks.Transition to Tesla StockGrace’s Stock Choices: Grace is exploring different stocks, including Ford and Tesla.Trading with Otis' Guidance:Grace followed Otis’ advice, looking at the 1-minute chart for Tesla.Tesla was in the green (positive) at the time, and the stock price was fluctuating.Antonio’s Trading InsightMissed Opportunity: Antonio ...