If you feel the urge to buy Apple stock please read this, you may find it useful, at least I believe it will save your time in trading!
In the above charts, you can see the last 4 apple corrections, in the past trading year!
As you can clearly see, Apple's correction is usually followed by a sideways (consolidation) pattern.
With a little more focus you can find out these sideways last for 3-4 weeks and the range of the consolidation pattern could be 50% of the correction before it!
Holding stocks in sideway patterns could be torturous for active traders!
I am pretty much sure you have experienced this phenomenon many times!
By evaluating the behavior of any stock you can find some none random patterns, If you could not find it, leave it alone and look for other opportunities! there are always many out there if you know how to looking for them!
A few lessons from him Simons:
“We search through historical data looking for anomalous patterns that we would not expect to occur at random.”
"Efficient market theory is correct in that there are no gross inefficiencies. But we look at anomalies that may be small in size and brief in time. We make our forecast. Then, shortly thereafter, we re-evaluate the situation and revise our forecast and our portfolio. We do this all day long. We're always in and out and out and in. So we're dependent on activity to make money."
Trend = (inefficient market) Good for trading.
Sideways: (efficient market) not good for trading.
George Soros saying: “ Chuck Prince famously said we have to dance until the music stops. Actually, the music had stopped already when he said that.”
I will patiently wait for the music to start dancing with it.
In the above charts, you can see the last 4 apple corrections, in the past trading year!
As you can clearly see, Apple's correction is usually followed by a sideways (consolidation) pattern.
With a little more focus you can find out these sideways last for 3-4 weeks and the range of the consolidation pattern could be 50% of the correction before it!
Holding stocks in sideway patterns could be torturous for active traders!
I am pretty much sure you have experienced this phenomenon many times!
By evaluating the behavior of any stock you can find some none random patterns, If you could not find it, leave it alone and look for other opportunities! there are always many out there if you know how to looking for them!
A few lessons from him Simons:
“We search through historical data looking for anomalous patterns that we would not expect to occur at random.”
"Efficient market theory is correct in that there are no gross inefficiencies. But we look at anomalies that may be small in size and brief in time. We make our forecast. Then, shortly thereafter, we re-evaluate the situation and revise our forecast and our portfolio. We do this all day long. We're always in and out and out and in. So we're dependent on activity to make money."
Trend = (inefficient market) Good for trading.
Sideways: (efficient market) not good for trading.
George Soros saying: “ Chuck Prince famously said we have to dance until the music stops. Actually, the music had stopped already when he said that.”
I will patiently wait for the music to start dancing with it.
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