I have been trading for about 6 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points I try to do top down analysis but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?
Your problem could be your stop loss is too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
Don’t trade. Invest. Time in the market always trumps timing the market. I thought I missed the run on NVDA at $330! I held all my Meta during the downturn because they are an EBITDA machine with a huge install base. Learn how to understand the companies you invest in. Know their PE, PEG, c-suite, earnings, etc. Don’t buy companies you can’t explain to someone
Probably because they were reinvesting back into there company by buying planes, trucks, and warehouses. Amazon is going to increase there FCF like crazy and they are going to be efficient like Meta was this year.
The question is are there better options and the answer is yes there are tons of better options. Amazon won't double in 2024 or even give 30% return but there are tons of other stocks which might.
Many ppl are choosing AMZN as their "stock of the yr" I agree it has a chance to be. But my question is what stocks can be the next APPL in terms of growth for the next decade? I've set asides $250k to invest for long term gains, and my goal is to retire comfortably rich.
been in the market for more than 3 years and I learned it is dump to cast all my eggs in a single basket, my advise is go for ETFs or better still, seek guidance from a well qualified advisor
Yes, having an advisor is the ideal way to go about investing. I've been in touch with one since 2020 pandemic, mostly because I lack depth knowledge and skillset of the market. Thankfully, my reserve has increased over $650k after subsequent investments to date.
@@heatherholdings mind sharing advisor info please? my goal for 2024 is to invest 20% of my earnings into dividend paying stocks and add at least one extra stream of income to help me catch up on the years wasted not saving and investing
Can't divulge much, I delegate my excesses to someone of great expertise ''Katherine Nance Dietz'' preferably you can look her up online, her qualifications speak for itself.
AMZN earnings up 400%. APPL and MSFT profit twice what NVIDIA does (for now). META made more than NVIDIA last quarter. These companies own the world next 10-20 years. Ready player one?
Amazon is mostly Chinese sellers or US sellers buying from China amd selling on Amazon. Temu will put an end to all of this since you can avoid the mark up and buy direct with free returns.
Temu Is garbage they will crash like context logic-wish just because they have PPD backing it they can't give away products for ever and I will never ever buy temu garbage
Until the usa finally closes the tax loophole of selling straight from china to the usa..without paying import tax, that is the only reason why temu or aliexpress are still alive. Once they need to play like Amazon it will be bye bye business. So Amazon including American or Chinese sellers on Amazon run different and dont need to worry..They stock the goods in the USA !
No, Amazon has built a strong logistics infrastructure that is become more lean by the year. Amazon is also going to start more automation processes in the coming years at delivery stations, further cutting costs and increasing margins. Temu has a long ways to go. However, I do admit that I may have a slight bias, as I work for Amazon and have some insider information.
It's gone nowhere because the consumer is actually dying. It's 1 of 2 mega caps greatly exposed to the consumer (Tesla being the other) and the economy is crumbling.ups, nike, fedex all said the same thing. But keep betting on handouts to mega cap.
I have been trading for about 6 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points I try to do top down analysis but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?
Your problem could be your stop loss is too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
Mind if I ask you to recommend this particular professional you use their service? i have quite a lot of marketing problems.
Trade simply without many indicators, maximum 2 (Volume Profile and SMA 200). Simple is best.
Don’t trade. Invest. Time in the market always trumps timing the market.
I thought I missed the run on NVDA at $330! I held all my Meta during the downturn because they are an EBITDA machine with a huge install base.
Learn how to understand the companies you invest in. Know their PE, PEG, c-suite, earnings, etc.
Don’t buy companies you can’t explain to someone
Amazon's Meta moment has just started. Huge profits ahead.
What you just bought in
Walmart P/E is 33, Google P/E is 28, Amazon P/E is 89.1. I would buy Google and Walmart any day over Amazon
@@mohit4902speak to you in 5 years. Amazon will dominate. Google is still a good pick though
Finally this Farmer Jim change 180 degrees ! Welcome onboard
Jim why weren't you loading up on Amazon with me back when it was close to $80 per share?
Probably because they were reinvesting back into there company by buying planes, trucks, and warehouses. Amazon is going to increase there FCF like crazy and they are going to be efficient like Meta was this year.
Cause he was buying Cleveland Cliffs 😂
@@michaelfriend3990 That's both hilarious & true! 😁😆😅🤣
I purchased 5 shares of Amazon yesterday. I hope my purchase pays off.
The question is are there better options and the answer is yes there are tons of better options. Amazon won't double in 2024 or even give 30% return but there are tons of other stocks which might.
No you didnt
Rather than just buying Amazon I would buy S&P or Nasdaq tbh.
@@mrcodcommando3939 Yes I did.
@@Rikimkigsck buying ETF's wont double or give you 30% in a year either
same ones on here. Banks failed in 2008
Many ppl are choosing AMZN as their "stock of the yr" I agree it has a chance to be. But my question is what stocks can be the next APPL in terms of growth for the next decade? I've set asides $250k to invest for long term gains, and my goal is to retire comfortably rich.
been in the market for more than 3 years and I learned it is dump to cast all my eggs in a single basket, my advise is go for ETFs or better still, seek guidance from a well qualified advisor
Yes, having an advisor is the ideal way to go about investing. I've been in touch with one since 2020 pandemic, mostly because I lack depth knowledge and skillset of the market. Thankfully, my reserve has increased over $650k after subsequent investments to date.
@@heatherholdings mind sharing advisor info please? my goal for 2024 is to invest 20% of my earnings into dividend paying stocks and add at least one extra stream of income to help me catch up on the years wasted not saving and investing
Can't divulge much, I delegate my excesses to someone of great expertise ''Katherine Nance Dietz'' preferably you can look her up online, her qualifications speak for itself.
Walmart P/E is 33, Google P/E is 28, Amazon P/E is 89.1. I would buy Google and Walmart any day over Amazon
good point.
Amzn is an easy double from here
4:49 email notification
These guys are so entertaining lol
That's all they are a bunch of know- nothing clowns who happen to be on TV.
AMZN earnings up 400%. APPL and MSFT profit twice what NVIDIA does (for now). META made more than NVIDIA last quarter. These companies own the world next 10-20 years. Ready player one?
their earnings are great but their PE is still 889
Josh is such a troll
What is it that they say happens when the last bears capitulate?
Top cycle talk
not yet. when AI is a bust then yes
What are the top 5 stocks you would buy today?
Josh vs Jimmy in a steel cage match
I do not know, but buffet is buying amzn.
next qtr AMZN will demonstrate once again it’s a juggernaut. 200.00/sh and raise full year guidance
WOW! BUY HIGH - SELL LOW ! PLEASE PLEASE PLEASE BUY JUNK AT ALL TIME HIGHS
I need Amazon to trade just a little sideways til I get out of March! Pleeeease
I followed my gut and bought it at 80 something!
Sometimes I feel those guys aes actually lying to us retail investors
Attaboy josh👏 and now show them your beloved paypal holdings😢 uh uh uhhhh😅
Why did you have to go there. I listened to Cramer and purchased PayPal. I lost $6000.00
RISK EVERYTHING 😂😂
Amazon is mostly Chinese sellers or US sellers buying from China amd selling on Amazon. Temu will put an end to all of this since you can avoid the mark up and buy direct with free returns.
Temu Is garbage they will crash like context logic-wish just because they have PPD backing it they can't give away products for ever and I will never ever buy temu garbage
Until the usa finally closes the tax loophole of selling straight from china to the usa..without paying import tax, that is the only reason why temu or aliexpress are still alive. Once they need to play like Amazon it will be bye bye business. So Amazon including American or Chinese sellers on Amazon run different and dont need to worry..They stock the goods in the USA !
No, Amazon has built a strong logistics infrastructure that is become more lean by the year. Amazon is also going to start more automation processes in the coming years at delivery stations, further cutting costs and increasing margins. Temu has a long ways to go. However, I do admit that I may have a slight bias, as I work for Amazon and have some insider information.
Then you’d need to take a closer look at Amazon’s earnings report and see how much revenue were driven but non merchandise areas
It's gone nowhere because the consumer is actually dying. It's 1 of 2 mega caps greatly exposed to the consumer (Tesla being the other) and the economy is crumbling.ups, nike, fedex all said the same thing. But keep betting on handouts to mega cap.
all the banks failed 2008.
owns 150 million shares rivian
amazon retail is gonna die. china baba and ppd r coming
And Amazon is still flat...where is the value equation. There isn't much discussed here that moves the needle
Buffett buying Amazon at 50 times earnings.... LOL!
“You should buy Amazon because of valuation!!”
“You should buy Amazon despite valuation!!”
Walmart P/E is 33, Google P/E is 28, Amazon P/E is 89.1. I would buy Google and Walmart any day over Amazon
@902 You should not look at where the ballis, but where the ball is going. Also you're way off on AMZN P/E.
secret stock. Gold miners
Jim is always late and buys at high. I am going to skip AMZN and instead buy ADBE. NVDA earnings beat also mentioned ADBE
ha ha ha
so does amazon live off china. going to get expensive
Fully employed consumer. Haha. What a joke.
time to sell amazon