At this point, hopefully I don’t need to say much because you are already “in deep” with this member’s journey and looking forward to hearing the conclusion. If you’re not aware, this is Part 2 of our interview with chat room member “MR”, so if you have not listened to Part 1, then be sure to go listen to Episode #46. Without further adieu, let’s get right back into the action…
Notes:
When he arrived at the Inner Circle, MR was blasted for talking about fundamentals. His biggest use for a chart was to see where all time highs/lows were and if he was close.
After going through CTU, he started to focus on smaller timeframe equities to apply what he just learned. This eventually led him to trading the futures market which meshed with MR’s appreciation and study of the overall market movements.
MR went from a long term tech supply chain investor who used fundamentals to a trader who is capable of trading time frames as small as the 2 minutes. This is a shining example that if anyone is willing to put in the effort to learn how to trade with technical analysis they can do it.
Quotes:
“I’ve made trades where I made $1600 bucks. Well actually, we lost $200 bucks because it was $1800 in commission.” tweet this quote
“In stocks, I see value there and I find it hard to short sell that value. But in the market indexes, I just see it as bulls and bears.” tweet this quote
“As soon as you lose your plan and won’t admit your plan is going wrong, you’re going to lose it. You’ll get buried.” tweet this quote
“Be realistic, don’t be greedy, stick to the plan, don’t listen to anyone but yourself and when the market isn’t safe, get out.” tweet this quote
