I read Stan's book decades ago, and also saw his guest appearances on Wall Street Week. The strategy provided in the book is well thought out and non-emotional which is exactly what the average investor needs to follow. This video of the book is superb in every respect. Bravo! I've been investing for over 60 years and read over 300 investing books. This is one of the best.
It is a very good book. Sadly it was the last book I read after spending a lot of money on other "popular" stock market books. This is truly the only book you will ever need.
@@kangsaab8323 No, This is main for long term trades, but you can use it in short and medium term trades as well. It works very well there also. But for Intra day it will work but because of the noise the results won't be that good.
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
@@devereauxjnr That's right, you can avoid the traps of lifestyle inflation by consulting an expert advisor to help you plan for your short- and long-term goals; it all comes down to proper guidance. Over the past two years and six months, I have seen my income build wealth and now have a fully paid off house and at least $650,000 in stocks. All this is the result of subsequent investments with my savings and the application of expert advice.
@@2024Red-j5t Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.
@@2024Red-j5t I looked up NICOLE online using her fullname and researched her accreditation. She seem very proficient, I wrote her detailing my Financial market current position, goals and scheduled an appointment. Thanks
Exceptionally brilliant book. Stan gives so many examples to illustrate his points. He seems to be a very private person. Not many pictures or interviews of him around.
The close was $168.51 actually, and you would have been stopped out at around $135 for ~20% loss if following his concepts, and never realised that high. Not all trades work all of the time but you need to be objective and not a fanboy. Your portfolio balance wont give a fuck who "Stan tha man" is or is not
I have Stan's book, and have not read it all the way through, but you inspired me to jump back in and read it in entirety because you presented his simplicity and it is so beautiful!
Excellent video of Stan's method. I read this book back in the 1990's and it has been my trading method since. I combine it with looking for 1-2-3 tops / bottoms and just wait for the turns. Thanks for the vid.
Financial Wisdom : Best for trading related Books. Swedish Investor : Best for Investing related books. -- No comparison between them, they both are doing best in their fields.
Truly appreciate the efforts put in by you and your team! Excellent summary of key points. I have been meaning to read this book since a long time but now after watching this video, I am going to start reading this book right away!
Interesting how disciplined he is. Also has a lot of similarities with Wyckoff theory. Appreciate the way you put these short summaries together and has certainly identified processes that I had not considered..or knew about!! Excellent series. Thank you.
Thank you for your kind words Bob, much appreciated. I agree, it is interesting how many of the well know traders/investors are closely aligned in one way or another. I'm actually looking at reviewing the Wycoff theory soon.
Financial Wisdom this is my Favourite video of your channel so far. 😊 And I rechecked the book today. 30 week MA refers to 150 Day Weighted Moving Average (not Simple MA) and not 200 Day. I have also tested it, it works very well for US and Indian stock market and Forex as well. Try it out!
sorry if its dumb question.Should i select weekly time frame for this to work correctly? also how many months or years timeframe i should watch against 150 WMA to clearly see the pattern?
OMG! What a well made video. I can only imagine the effort you must have put to a) summarize the book to fit into a short video & b) to create such a slick video out of the summary Such videos deserve more than 1 million views. But alas! videos with titles like "how to make USD 1 mn in a year" get more clicks than videos like this one. This shows that people always look for shortcuts to make money in markets and thats why they end up not making any money. In reality, through methods shown by Weinstein, Minervini, O'Neil or Stine, it's definitely possible to make 1 million over a period of time Keep up the good work
What a valueable video,Mark minervini,Bill O'neil and Stan They all use similar strategy,Stan help us to looks in the big picture before we take the trade,his book in my list.Thank U
11:40 Unfortunate timing to give a stock name as an example. It felt 37% down just in the following 6 weeks, and it took about 7 months to recover to the initial price. Anyway, it is good to see an up-to-date example of an old strategy.
I read his book once a year and you did an awesome job explaining Stan's strategy process. Thank you for your hard effort with putting this together for us, sir.
@Glenn Collins That's great to hear thanks Glenn. Yes the subject(s) can be quite broad and complex - My hope is these videos give a foundation for further research with key aspects covered from some of the key books available, hopefully over time the growing library will be a useful resource.
@@Torack 30 Week movie average is the same as the 30 day.. Just switch your chart to week view and your 30 day moving average now becomes your 30 week moving average.
One of my favorite books. An excellent video. Kudos and love the way it's been presented. Thanks for these videos. One small correction though when discussing the stock which fell from stage 3, you've mentioned a 200% decline. Stocks can only fall 100%. The decline from 120 to 40 is a 66% decline.
Took a massive 35% dive in March, woulda been stop lossed most likely before the huge rebound... that said I agree this is prudent strategy, but not bulletproof strategy.
Investors have just turned back the clock on the Fed’s tightening campaign and cast aside the Fed fears that ruled them for 15 months. It just gets very daunting to me when I’m sitting there looking at charts and trying to determine if i’m right or wrong! I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any suggestions.
Firstly, You could lose it all and you could win it all. It goes both ways. Second, what works for A may not necessarily work for B and you should not be a bandwagon investor. A good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
@colleen.odegaard Those who know how, DO. Those who don't know HOW, TEACH. Those that don't know how to teach, ADVISE! Be careful! Common things you're told is: Stay in for the long haul, you have a long horizon; the market always comes back; etc. More than likely, you will get mediocre results by relying on them. BUT, they always get their commissions!
@ 2:55 you say it must be above 30 day ma to enter, but it's showing a weekly chart, with price breaking out above the 30 week ma....I'm confused, when I set my chart up to have, say, a 20 and 50 sma, on a daily chart that's 20 days and 50 days, right? But when I switch my chart view to weekly, now those lines represent 20 week and 50 week mas, right? Or am I thinking the wrong things?
Besides all, thank you to meet me Stan Weinstein and his STAGE ANALYSIS METHOD which provides me a grand framework that encapsulates both market conditions and trading strategies.
Best stock trading book. Your video brief us the first few chapters of the book. This video is great. Would you have another video for other chapters of this book?
I have watched this video 20 times, after reading the book 1 time and 2nd reading is currently going on. This video and the book is only thing a common retail investor needs to make money in the stock markets.
At 10:55 you highlight a stage 1 consolidation period. What about all the consolidation periods before that? Going back a whole year. It's easy to highlight this area in hindsight.
Hi Pipo, on the screen shown there are no other consolidation periods that match the required profile, 1) a breakout of resistance, 2) a breakout of consolidation 3) spike in volume 4) a break up on the Mansfield indicator 5) price above 30 MA
Stan Weinstein got his skill from Jesse Livermore..there's a long lineage of traders that follow Jesse Livermore..stan Weinstein...mark minervini..Bill O'Neil..etc.. generation after generation these men know exactly how to trade
I am reading this book right now. The author mentions the “relative strength” indicator, is the RSI a modern equivalent? Great videos man. You should consider doing an ebook with your trading method adapted specifically for crypto
I have almost finished the book 📕. What a great learning material! I have tweaked a few things to match crypto higher volatility-150 day MA instead of the 30 week MA, MACD instead of relative Strenght. Trendlines are indeed extremely accurate. It gives clear readings and tell tale signs when looked at historical data. The daily allows to catch smaller uptrends while the weekly tells the main story. I’ll defo get your PDF on your trading method 👍🏻
@@FinancialWisdom Thank you. The 3rd point you made here, you said the price must be above the 30 "day" moving average. Did you mean 30 week moving average? Or no? Just wondering, because the chart says 30 week moving average. Thanks again for the great work. I can't imagine the amount of research that went into these videos.
Amazing video. Thank you. STERIS - Feb 2020... I checked the charts, as of Aug 2022, and this stock almost immediately dropped 25% straight after your video, even though it had entered stage 2... However the weekly Stochastics indicator would have told you/me/us that it was a red herring, and to back out immediately... Also looking at the chart this had/was-after happily bouncing off the 50 weekly average... A stop loss matching the 50 weekly average would have been perfect maybe? [bought my first shares 1 month ago, just started learning]
I just checked STERIS, ,,what a move , crazy , dropped hard and came back , ,, most of traders I guess bought on that move according Stan's strategy 😅, but one thing , if you see volume not matching to price move , so it s false , ,
Thanks. Very clear as usual. Do you think that -- with the advances in the speed of trading -- the 30 Wk EMA might be replaced by a shorter line, such as the 2O Day EMA??
Thanks Gareth. Another 5 star video. Although I try not to place too much emphasis on charts, it's always unwise to ignore them and this video summed up the key points. May I add Jesse Livermore and Martin Zweig to possible book reviews. Steris looks interesting.
11:47 just checked the chart to see what came of the stock. If anyone bought in they would have seen a 12% increase within approx 2 weeks and anyone that didn't sell would have seen the stock PLUMMETT to 115. Anyone that had the stomach to wait it out would have seen a 116% gain in a tiny bit over 2 years!! Literally no one talks about this in the comments
Recently I got into the financial markets, and I’ve taken a deep dive into investing, particularly a diverse asset growth investment as it interests me. Tried several methods and figured out the best approach to building my portfolio from stocks, ETFs and bonds, made over a $400k in profits So far, I’m making progress with the help of my investment advisor/manager. Back to the video, wonderful job there, always look forward to your content.
Good to see more getting a hang of the market. Tutorial videos only get you so far. That one on one assistance from an investment manager is unmatched.
@@carlfenechjr5017 I do not...I have a investment advisor/full service broker at the helm of affairs of my trades, it's convenient for me that way, and i cut down on risk a whole lot more
@@ansel.thegreat Hi, I’m looking at making some passive income with investment from stocks, if they made you 400 grand then i guess they're reliable. Can you refer me to them?
Thanks for the video FW. It is most likely Wyckhoff method. The only missing thing for my side is this system is not so much rule based. But for sure at their years it could work.
Great content, as always! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
Would really love if you could summarise how he sees the beginnings and ends of broader market bull and bear markets, i couldn't set up some of the indicators he suggested
Agreed that $STE is a good example of a Stage 2 continuation breakout. The stock is pretty well into its uptrend but I like that it has no resistance and just broke out on 2x average weekly volume.
at 3.04 you mention a buy order above the 30 day moving average. This is a weekly chart so MA 30 is 30 weeks. is that correct? great video all the same
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I read Stan's book decades ago, and also saw his guest appearances on Wall Street Week. The strategy provided in the book is well thought out and non-emotional which is exactly what the average investor needs to follow. This video of the book is superb in every respect. Bravo! I've been investing for over 60 years and read over 300 investing books. This is one of the best.
Hi Les, thanks for your feedback. I agree Stan's book is one of the best around.👍
What other books would you reccomend?
Chris Johnson anyone?
Colonel_ Kernal yes sir.
Yep!
You know it!
Indeed!
📊💸
It is a very good book. Sadly it was the last book I read after spending a lot of money on other "popular" stock market books. This is truly the only book you will ever need.
I tend to agree Sudeep, its an excellent book.
Agree!....
@@sebinignatious4645 I got it from Amazon 2 years back
@@kangsaab8323 NO
@@kangsaab8323 No, This is main for long term trades, but you can use it in short and medium term trades as well. It works very well there also. But for Intra day it will work but because of the noise the results won't be that good.
I use this method and it hasn't let me down yet. A lot of waiting but it pays off every time.
Patience is key...
I read it when I was 19 years old in the late 1980s. His simple wisdom has kept me out of trouble.
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
@@devereauxjnr That's right, you can avoid the traps of lifestyle inflation by consulting an expert advisor to help you plan for your short- and long-term goals; it all comes down to proper guidance. Over the past two years and six months, I have seen my income build wealth and now have a fully paid off house and at least $650,000 in stocks. All this is the result of subsequent investments with my savings and the application of expert advice.
@@2024Red-j5t Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.
@@Countstep0099 credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@2024Red-j5t I looked up NICOLE online using her fullname and researched her accreditation. She seem very proficient, I wrote her detailing my Financial market current position, goals and scheduled an appointment. Thanks
I agree with you, Stan Weinstein's book is a keeper. Even the trading psychology of human nature is manifested in trend analysis.
Thanks Mike
Exceptionally brilliant book. Stan gives so many examples to illustrate his points. He seems to be a very private person. Not many pictures or interviews of him around.
Very true..
Stock Market Gems brought me here. Drink Fiji, everyone
that’s bae lol
4:00 Stages 1-4
7:10 The investor's way and the trader's way
9:20 Triple confirmation pattern
10:30 TSLA example
13:30 Must own book!
In my Idea, this video is the best. Of course my favorite trade legend is Stan Weinstein too.
Yep, he's up there. Thanks
11:41
Steris Share price on 14 Feb 2020 ( video maked ) = around 150
March 2020 Share price crash to = 106
Current May 2021 : 210
The close was $168.51 actually, and you would have been stopped out at around $135 for ~20% loss if following his concepts, and never realised that high. Not all trades work all of the time but you need to be objective and not a fanboy. Your portfolio balance wont give a fuck who "Stan tha man" is or is not
I have Stan's book, and have not read it all the way through, but you inspired me to jump back in and read it in entirety because you presented his simplicity and it is so beautiful!
Thanks 👍 👍
Excellent video of Stan's method. I read this book back in the 1990's and it has been my trading method since. I combine it with looking for 1-2-3 tops / bottoms and just wait for the turns. Thanks for the vid.
Glad it was helpful!
Financial Wisdom : Best for trading related Books.
Swedish Investor : Best for Investing related books.
-- No comparison between them, they both are doing best in their fields.
Thanks sir🙏
Plot twist they are the same person. Haha. Please laugh to my stuoid joke.
@@kuchikibyakuya7697 challenge accepted :
Hahahahahahahahahahahahahaha
Thanks Financial Wisdom for a very clear and concise explanations complemented by an appropriate visual and graphic presentations.
Glad it was helpful!
this is the best trading book ever!
Truly appreciate the efforts put in by you and your team! Excellent summary of key points. I have been meaning to read this book since a long time but now after watching this video, I am going to start reading this book right away!
Glad it was helpful!
You have a great skill of book summerising,you are helping million of trader to become a profitable trader,thanks for such a great video.
I appreciate that!🙏
This breakdown is gold! Much appreciated 👍🏾
Glad you enjoyed it!
Interesting how disciplined he is. Also has a lot of similarities with Wyckoff theory. Appreciate the way you put these short summaries together and has certainly identified processes that I had not considered..or knew about!! Excellent series. Thank you.
Thank you for your kind words Bob, much appreciated.
I agree, it is interesting how many of the well know traders/investors are closely aligned in one way or another. I'm actually looking at reviewing the Wycoff theory soon.
Very useful break down. My clients and myself have gained a lot from this book.
Great to hear!
i read the book and watch this video at least once a year. love it!
🙏
Stock market gems 💯
Thank you for this good, helpful summary of Stan Weinsteins book and method!
You're very welcome!
Financial Wisdom this is my Favourite video of your channel so far. 😊 And I rechecked the book today. 30 week MA refers to 150 Day Weighted Moving Average (not Simple MA) and not 200 Day. I have also tested it, it works very well for US and Indian stock market and Forex as well. Try it out!
Thanks for the feedback Sudeep👍
I used to put 30 period not knowing 30weeks is actually(150 days)😅
Not exactly but it's close.
And SyP500 futures ?
sorry if its dumb question.Should i select weekly time frame for this to work correctly? also how many months or years timeframe i should watch against 150 WMA to clearly see the pattern?
OMG! What a well made video. I can only imagine the effort you must have put to a) summarize the book to fit into a short video & b) to create such a slick video out of the summary
Such videos deserve more than 1 million views. But alas! videos with titles like "how to make USD 1 mn in a year" get more clicks than videos like this one. This shows that people always look for shortcuts to make money in markets and thats why they end up not making any money. In reality, through methods shown by Weinstein, Minervini, O'Neil or Stine, it's definitely possible to make 1 million over a period of time
Keep up the good work
Thanks Nishit!
I truly hope that you profit greatly from any of these methods you summarize. You put amazing simplicity in to your videos. Awesome work!
I appreciate that! 🙏
What a valueable video,Mark minervini,Bill O'neil and Stan They all use similar strategy,Stan help us to looks in the big picture before we take the trade,his book in my list.Thank U
Glad you enjoyed it🙏
11:40 Unfortunate timing to give a stock name as an example. It felt 37% down just in the following 6 weeks, and it took about 7 months to recover to the initial price. Anyway, it is good to see an up-to-date example of an old strategy.
But a great example of using a stop loss, usually approx 10% and then await a reentry.
FTCH, UMC, and BILI are a few of the recent trades I've bought using the strategy contained in this book, one of the best trading books I've read.
Great, I agree.
Any thoughts on my videos would be much appreciated!..
I read his book once a year and you did an awesome job explaining Stan's strategy process. Thank you for your hard effort with putting this together for us, sir.
@@sayed_r Hi Sayed, thankyou for making the effort to reply and your kind words. Much appreciated...
I don’t understand what a 30 week moving average is? I’m used to days 20,50,200, etc... Thanks in advance.
@Glenn Collins That's great to hear thanks Glenn. Yes the subject(s) can be quite broad and complex - My hope is these videos give a foundation for further research with key aspects covered from some of the key books available, hopefully over time the growing library will be a useful resource.
@@Torack 30 Week movie average is the same as the 30 day.. Just switch your chart to week view and your 30 day moving average now becomes your 30 week moving average.
One of my favorite books. An excellent video. Kudos and love the way it's been presented. Thanks for these videos.
One small correction though when discussing the stock which fell from stage 3, you've mentioned a 200% decline. Stocks can only fall 100%. The decline from 120 to 40 is a 66% decline.
Thanks Abhinav... well spotted absolutely right. I'm so used to calculating it from a percentage against stop loss, which is how I suggested this. 👍
What else are your favorite trading books ?
Stan is the man!
Great video! Your presentation style, visuals, and concise delivery are gold. Thank you.
Wow, thank you!🙏
Thanks for explaining this. I am not an avid reader so things like this help me learn more about the stock market faster.
Glad it was helpful!
Damn right, this book is the only book you will ever need
It is the foundation of most solid strategies👍
this video deserves 1B views
thanks Weby🙏
One of the best video on weinstein's book
Thanks🙏
Good thing that you applied the theory to recent developments on some stocks. Good video. Thanks
Glad you enjoyed it!
Steris is at 190 right now in Jan 2021. So it did work.
Took a massive 35% dive in March, woulda been stop lossed most likely before the huge rebound... that said I agree this is prudent strategy, but not bulletproof strategy.
it is a great book for long-term investor, not for day traders.
Absolutely
Investors have just turned back the clock on the Fed’s tightening campaign and cast aside the Fed fears that ruled them for 15 months. It just gets very daunting to me when I’m sitting there looking at charts and trying to determine if i’m right or wrong! I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any suggestions.
Firstly, You could lose it all and you could win it all. It goes both ways. Second, what works for A may not necessarily work for B and you should not be a bandwagon investor. A good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
@colleen.odegaard Those who know how, DO. Those who don't know HOW, TEACH. Those that don't know how to teach, ADVISE! Be careful! Common things you're told is: Stay in for the long haul, you have a long horizon; the market always comes back; etc. More than likely, you will get mediocre results by relying on them. BUT, they always get their commissions!
@colleen.odegaard
just another great video. Thank you
Thanks again!
@ 2:55 you say it must be above 30 day ma to enter, but it's showing a weekly chart, with price breaking out above the 30 week ma....I'm confused, when I set my chart up to have, say, a 20 and 50 sma, on a daily chart that's 20 days and 50 days, right? But when I switch my chart view to weekly, now those lines represent 20 week and 50 week mas, right? Or am I thinking the wrong things?
Great channel! I think whiteboard animation videos are great for educational stuff 👍
I agree, keep it up... I'm still chasing the elusive 1k at the moment :-)
Hello, what is the formula of the Mansfield relative strength indicator.
Tremendous efforts by you for bringing this video. Kudos. And yes the ultimate thanks to author for spreading wonderful knowledge to the entire world.
It's my pleasure
Besides all, thank you to meet me Stan Weinstein and his STAGE ANALYSIS METHOD which provides me a grand framework that encapsulates both market conditions and trading strategies.
Excellent!
Thanks for the sharing! Is there a typo at 2:57? Should that be 30 'week' MA？
As a stan follower - this was an extremely well made video. CHEERS!
Thanks Jersoner
This was an excellent synopsis & review. Ty
Thanks 👍
GREAT EXPLINATION
THANKS
You are welcome!
Great video. Thanks a lot.
You are welcome!
Best stock trading book. Your video brief us the first few chapters of the book. This video is great. Would you have another video for other chapters of this book?
Thanks Fu Keung - Sure I could make a part two at some point in the future - I agree Stan's book is up there with the best..
Easy to read and with exercise to check your understanding.
Excellent thanks for explaining
You are welcome!
Excelente vídeo, la explicación es sencilla y fácil de entender.
Lo que no vi es donde colocar el stop loss_
Hola, gracias por los comentarios. Tienes razón y no hay mucho sobre esto en el libro. Algunos de los otros videos dan más atención. Thansk Gareth
sorry but the rs indicator is setted on how many days?
Hi there, I recall Stan uses 30WMA or EMA other than the simple moving average.(page25, article 3)
Thanks Steven, I will revisit and take a look...
I have watched this video 20 times, after reading the book 1 time and 2nd reading is currently going on. This video and the book is only thing a common retail investor needs to make money in the stock markets.
Glad you found value!👍
At 10:55 you highlight a stage 1 consolidation period. What about all the consolidation periods before that? Going back a whole year. It's easy to highlight this area in hindsight.
Hi Pipo, on the screen shown there are no other consolidation periods that match the required profile, 1) a breakout of resistance, 2) a breakout of consolidation 3) spike in volume 4) a break up on the Mansfield indicator 5) price above 30 MA
I will be reading this book this month! 👍🏻
Hope you enjoy it!
Stan Weinstein got his skill from Jesse Livermore..there's a long lineage of traders that follow Jesse Livermore..stan Weinstein...mark minervini..Bill O'Neil..etc.. generation after generation these men know exactly how to trade
I am reading this book right now. The author mentions the “relative strength” indicator, is the RSI a modern equivalent? Great videos man. You should consider doing an ebook with your trading method adapted specifically for crypto
✔️Correct on RSI.
In trendfollowing it don’t matter what asset you invest in as long as it is likvid and highly traded
I have almost finished the book 📕. What a great learning material! I have tweaked a few things to match crypto higher volatility-150 day MA instead of the 30 week MA, MACD instead of relative Strenght. Trendlines are indeed extremely accurate. It gives clear readings and tell tale signs when looked at historical data. The daily allows to catch smaller uptrends while the weekly tells the main story. I’ll defo get your PDF on your trading method 👍🏻
Another book I would highly recommend is Stephen Bigalow's 'High Profit Candlestick Pattern'.
This man's videos are gold nuggets. Love them. I'm subscribing!
Welcome aboard!
@@FinancialWisdom Thank you. The 3rd point you made here, you said the price must be above the 30 "day" moving average. Did you mean 30 week moving average? Or no? Just wondering, because the chart says 30 week moving average. Thanks again for the great work. I can't imagine the amount of research that went into these videos.
Thank you so much for introducing this book.
God bless you🙏
Same to you!🙏
BEST BOOK I EVER READ
Another Great video, good job and very grateful to you. Thanks you
Thank you too
Thanks for your brief . Easy to understand and remember
Thanks for watching
This whole playlist is truly amazing ❤️❤️ there's so much to learn 👍🏻 grateful ❤️ love from India 😊
Amazing video. Thank you. STERIS - Feb 2020... I checked the charts, as of Aug 2022, and this stock almost immediately dropped 25% straight after your video, even though it had entered stage 2... However the weekly Stochastics indicator would have told you/me/us that it was a red herring, and to back out immediately... Also looking at the chart this had/was-after happily bouncing off the 50 weekly average... A stop loss matching the 50 weekly average would have been perfect maybe? [bought my first shares 1 month ago, just started learning]
I just checked STERIS, ,,what a move , crazy , dropped hard and came back , ,, most of traders I guess bought on that move according Stan's strategy 😅, but one thing , if you see volume not matching to price move , so it s false , ,
Thanks. Very clear as usual. Do you think that -- with the advances in the speed of trading -- the 30 Wk EMA might be replaced by a shorter line, such as the 2O Day EMA??
Well shoot!! I gotta throw this book on my list of books to read!! I’m so pumped to keep reading books on investing🙌🏼 great video.
Thanks Logan!!
There is Beauty in Simplicity.. thanks 👍
My pleasure 😊
This is amazing data. Good luck finding the Mansfield RSI in TD Ameritrade's TOS.
Thanks Donnie👍
Can anyone recommend an online brokerage that offers the Mansfield RSI indicator that is already set up on their platform. Thank you
Hi sir in thisvideo you shown Telsa company in chart. Plz guide me the website name. Where we see RS indicators
Hi, i'll need to check and get back to you
Excellent video! Your channel is so underrated. Looking forward to the next one. Any trading psychology on the list yet?
Thanks Wolf - I will be sure to include one soon.....
Hey, thanks for the video.
Could you please help on how to plot relative strength indicator on tradingview
Hi Sachin - I'm not familiar with trading view sorry
Thanks Gareth. Another 5 star video. Although I try not to place too much emphasis on charts, it's always unwise to ignore them and this video summed up the key points. May I add Jesse Livermore and Martin Zweig to possible book reviews. Steris looks interesting.
Thanks William.
Great instructional video. Thank you so much.
You are welcome!
11:47 just checked the chart to see what came of the stock. If anyone bought in they would have seen a 12% increase within approx 2 weeks and anyone that didn't sell would have seen the stock PLUMMETT to 115. Anyone that had the stomach to wait it out would have seen a 116% gain in a tiny bit over 2 years!!
Literally no one talks about this in the comments
At 3:00 did he meant 30 week MA? He said 30 day.
Sorry, 30 week
@@FinancialWisdom thanks
@@FinancialWisdom 30 SMA correct? Thanks
Recently I got into the financial markets, and I’ve taken a deep dive into investing, particularly a diverse asset growth investment as it interests me. Tried several methods and figured out the best approach to building my portfolio from stocks, ETFs and bonds, made over a $400k in profits So far, I’m making progress with the help of my investment advisor/manager. Back to the video, wonderful job there, always look forward to your content.
how do you handle the diversity? do you make your trades yourself?
Good to see more getting a hang of the market. Tutorial videos only get you so far. That one on one assistance from an investment manager is unmatched.
Impressive
@@carlfenechjr5017 I do not...I have a investment advisor/full service broker at the helm of affairs of my trades, it's convenient for me that way, and i cut down on risk a whole lot more
@@ansel.thegreat Hi, I’m looking at making some passive income with investment from stocks, if they made you 400 grand then i guess they're reliable. Can you refer me to them?
At 2:58 sec....you said 30 days MA but in the image it is 30 week MA...what it is exactly?
sorry, 30 week.
@@FinancialWisdom thank you.
Can Anyone Make a Practical Video of This Teaching The Strategy in Real Market Scenario
Fair point👍
Wouldn't a 30 d smooth EMA do the trick to minimize whipsaw but follow the trend? Maybe use HCL3 instead of close price only.
Thanks for the video FW. It is most likely Wyckhoff method. The only missing thing for my side is this system is not so much rule based. But for sure at their years it could work.
Can you recommend similar books that are based purely on technical analysis?
Hi Darvas / Minervini / Wiliam O'neil etc
thank you so much
Welcome 😊
Great content, as always! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
Great video even after having read the book! :)
Glad you enjoyed it!
Would really love if you could summarise how he sees the beginnings and ends of broader market bull and bear markets, i couldn't set up some of the indicators he suggested
Great videos , keep up the good job and very grateful to you to making these, really helpful...Thanks🙏 keep them coming
Thanks, will do!🙏
Agreed that $STE is a good example of a Stage 2 continuation breakout. The stock is pretty well into its uptrend but I like that it has no resistance and just broke out on 2x average weekly volume.
Thanks Nextbigtrade....
Just seen your website, very good, the screener you have is very useful. Thanks
Is it daily chart or weekly chart that needs to be considered
weekly
Any ideas how a screener for this method could be made via Stockopedia?
Hi Jonathon, It can be done with most charting packages including stockopedia, usually just the input of the moving averages being observed.
at 3.04 you mention a buy order above the 30 day moving average. This is a weekly chart so MA 30 is 30 weeks. is that correct? great video all the same
Hi Noel, yes, apologies it is based on the weekly chart and weekly MA
Hi Sir. Where we can find RS indicator. Plz guide me. Humble waiting for your guidance. Thank you
Hi, i believe chartmill.com
@@FinancialWisdom pls share RS indicator for Indian stock market.
Hello, do any of your books cover how these investors screen for stocks for trading/investing?
Not off the top of my head Tom, I personally use marketinout for technical and stockopedia for fundamental both of which I completed a videos on.