Hey guys! In this video, I talk about building a trader mindset. This isn't meant to be a marketing term either, I truly believe that Traders see the world differently, because all we do all day is calculate risk and reward, bat rate and win loss. Expected value is the holy grail.
On top of that, I also examine the different types of competition you will face on different timeframes. This is important for getting a broad overview about HOW to best compete and win in any type of market.
Hopefully now you have a better awarness of the types of trading that take place, and principles and supply and demand and mispricing that are key to effective trading.
In the final videos, I will talk more about risk control, as well as some concrete strategies that I think people should consider using. I've seen them build fortunes before, and I don't see a reason why they shouldn't work for you.
This includes:
- A long term, low maintenance strategy for crushing the S&P. 40 years running! - A unique strategy that earns yield on cash and combines lots of the edges discussed in this video - and more
Spoiler alert, there isn't much about short term trading, because generally I don't think you should be doing much of that. That said, I do give some tips there as well for those willing to brave those wilds.
Could you cover your technical indicator setup and how to create something similar from scratch in the next videos ?
PropNotes
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@Creda, You're welcome! TBH I don't really use much in the way of technical indicators, except for RSI
unless you're talking about the final frames where I have the financial information with a linear regression on that data(?)
TheMoneyWall
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@wolneyyy, Yes, I think that it would be helpful to share how you set up the final frames with the financial information and linear regression. Thank you for taking the time to share this series of videos.
PropNotes
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@TheMoneyWall, Well, It's quite simple! I create a quad chart, add indicators for revenue, net income, share count, and P/E & P/S. From there, just add a linear regression with a timeframe of 150 and set all charts to "5Y" on the bottom left. There you go!
TheMoneyWall
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@wolneyyy, Okay. I'll have to try that. Thanks for responding.