Description
This is a big one to me because it gets at the very heart of what we do as traders/investors and also addresses what is perhaps one of the biggest mistakes made by traders across the board. This has to do with selecting trades on simple ordinary stocks to make money from moves that occur virtually every day. Unfortunately, new traders are drawn into trying to find stocks that make the top gainers or top losers list, or perhaps drawn into trading crypto because of the huge volatility. You do not need big moves to make big money and the drawbacks to these high volatility stocks outweigh the benefits. I will discuss all of these issues in this podcast and try to explain why I focus on boring everyday stocks, both for day trading and long term.
Here's a chart to follow along:
Chart 1:
https://drive.google.com/file/d/1OF5-ouJHZLSU7dgInPSR-EhR6Bjea-Jc/view?usp=sharing
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https://missionmatters.com/author/paul-lange/