STAN WEINSTEIN - SECRETS FOR PROFITING IN BULL AND BEAR MARKETS - Professional Investor.

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Financial Wisdom

Financial Wisdom

Күн бұрын

Пікірлер: 605
@FinancialWisdom
@FinancialWisdom 8 ай бұрын
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@lesmasonson4011
@lesmasonson4011 4 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Hi Les, thanks for your feedback. I agree Stan's book is one of the best around.👍
@joshtradesstocks
@joshtradesstocks 4 ай бұрын
What other books would you reccomend?
@SudeepSenNeo
@SudeepSenNeo 4 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
I tend to agree Sudeep, its an excellent book.
@Kembaraku
@Kembaraku 4 жыл бұрын
Agree!....
@SudeepSenNeo
@SudeepSenNeo 4 жыл бұрын
@@sebinignatious4645 I got it from Amazon 2 years back
@sebinignatious4645
@sebinignatious4645 4 жыл бұрын
@@kangsaab8323 NO
@SudeepSenNeo
@SudeepSenNeo 4 жыл бұрын
@@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.
@ShawbazSoaia
@ShawbazSoaia 2 жыл бұрын
I use this method and it hasn't let me down yet. A lot of waiting but it pays off every time.
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Patience is key...
@mikemullenix6956
@mikemullenix6956 3 жыл бұрын
I agree with you, Stan Weinstein's book is a keeper. Even the trading psychology of human nature is manifested in trend analysis.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Thanks Mike
@hamza361
@hamza361 3 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Very true..
@alirezasharifan7841
@alirezasharifan7841 2 жыл бұрын
In my Idea, this video is the best. Of course my favorite trade legend is Stan Weinstein too.
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Yep, he's up there. Thanks
@mike20pr
@mike20pr 4 жыл бұрын
Stock Market Gems brought me here. Drink Fiji, everyone
@justagalri
@justagalri 4 жыл бұрын
that’s bae lol
@Rainy_Day12234
@Rainy_Day12234 Жыл бұрын
I read it when I was 19 years old in the late 1980s. His simple wisdom has kept me out of trouble.
@Petroguest-i4g
@Petroguest-i4g Жыл бұрын
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.
@devereauxjnr
@devereauxjnr Жыл бұрын
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.
@2024Red-j5t
@2024Red-j5t Жыл бұрын
@@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.
@Countstep0099
@Countstep0099 Жыл бұрын
@@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
@2024Red-j5t Жыл бұрын
@@Countstep0099 credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@Countstep0099
@Countstep0099 Жыл бұрын
@@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
@colonel_kernal2212
@colonel_kernal2212 4 жыл бұрын
Chris Johnson anyone?
@jaysmith3642
@jaysmith3642 4 жыл бұрын
Colonel_ Kernal yes sir.
@sergiomorales4553
@sergiomorales4553 4 жыл бұрын
Yep!
@mike20pr
@mike20pr 4 жыл бұрын
You know it!
@nicolejthatsme
@nicolejthatsme 4 жыл бұрын
Indeed!
@Dreamweavernow
@Dreamweavernow 4 жыл бұрын
📊💸
@sushilkumar-vt7ub
@sushilkumar-vt7ub 3 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
I appreciate that!🙏
@davidk8457
@davidk8457 3 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Glad it was helpful!
@mr.himalayan6258
@mr.himalayan6258 3 жыл бұрын
11:41 Steris Share price on 14 Feb 2020 ( video maked ) = around 150 March 2020 Share price crash to = 106 Current May 2021 : 210
@abzer030
@abzer030 3 жыл бұрын
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
@anvil4646
@anvil4646 Жыл бұрын
Thanks Financial Wisdom for a very clear and concise explanations complemented by an appropriate visual and graphic presentations.
@FinancialWisdom
@FinancialWisdom Жыл бұрын
Glad it was helpful!
@c.r.palihakkara7179
@c.r.palihakkara7179 Жыл бұрын
this is the best trading book ever!
@TheAnnieApplePie
@TheAnnieApplePie 7 ай бұрын
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!
@FinancialWisdom
@FinancialWisdom 7 ай бұрын
Thanks 👍 👍
@p.m.8316
@p.m.8316 2 жыл бұрын
i read the book and watch this video at least once a year. love it!
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
🙏
@bobbeatty4120
@bobbeatty4120 4 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
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.
@kasetteproductions
@kasetteproductions 4 жыл бұрын
Very useful break down. My clients and myself have gained a lot from this book.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Great to hear!
@kevking6954
@kevking6954 4 жыл бұрын
This breakdown is gold! Much appreciated 👍🏾
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Glad you enjoyed it!
@amarnaik2083
@amarnaik2083 2 жыл бұрын
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!
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Glad it was helpful!
@bagholderwithaplan
@bagholderwithaplan 4 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Great, I agree.
@denimulyoto8298
@denimulyoto8298 3 жыл бұрын
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
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Glad you enjoyed it🙏
@jaytee6565
@jaytee6565 7 ай бұрын
I truly hope that you profit greatly from any of these methods you summarize. You put amazing simplicity in to your videos. Awesome work!
@FinancialWisdom
@FinancialWisdom 7 ай бұрын
I appreciate that! 🙏
@alpersunay11
@alpersunay11 3 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
But a great example of using a stop loss, usually approx 10% and then await a reentry.
@SudeepSenNeo
@SudeepSenNeo 4 жыл бұрын
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!
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Thanks for the feedback Sudeep👍
@spiritualpeace5668
@spiritualpeace5668 4 жыл бұрын
I used to put 30 period not knowing 30weeks is actually(150 days)😅
@simple6029
@simple6029 3 жыл бұрын
Not exactly but it's close.
@david-rw1dt
@david-rw1dt 2 жыл бұрын
And SyP500 futures ?
@prasanthmallepeddi5464
@prasanthmallepeddi5464 2 жыл бұрын
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?
@alphabeta8403
@alphabeta8403 Жыл бұрын
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!
@mr.gubagub1899
@mr.gubagub1899 3 жыл бұрын
Steris is at 190 right now in Jan 2021. So it did work.
@lakecityransom
@lakecityransom 3 жыл бұрын
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.
@jlee2179
@jlee2179 3 жыл бұрын
One of the best video on weinstein's book
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Thanks🙏
@nishitmehta7343
@nishitmehta7343 4 жыл бұрын
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
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Thanks Nishit!
@marqusb.liverstein
@marqusb.liverstein 3 жыл бұрын
Damn right, this book is the only book you will ever need
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
It is the foundation of most solid strategies👍
@malharingale5875
@malharingale5875 3 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Glad you found value!👍
@leeles
@leeles 2 жыл бұрын
Thank you for this good, helpful summary of Stan Weinsteins book and method!
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
You're very welcome!
@AnshulKumar-nn5gb
@AnshulKumar-nn5gb Жыл бұрын
Tremendous efforts by you for bringing this video. Kudos. And yes the ultimate thanks to author for spreading wonderful knowledge to the entire world.
@FinancialWisdom
@FinancialWisdom 11 ай бұрын
It's my pleasure
@hb1766
@hb1766 4 жыл бұрын
it is a great book for long-term investor, not for day traders.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Absolutely
@chadcraves...5068
@chadcraves...5068 4 жыл бұрын
Thanks for explaining this. I am not an avid reader so things like this help me learn more about the stock market faster.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Glad it was helpful!
@jayzap6207
@jayzap6207 4 жыл бұрын
Stock market gems 💯
@abhinavarasu
@abhinavarasu 4 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
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. 👍
@MOON-ht7xk
@MOON-ht7xk 4 жыл бұрын
What else are your favorite trading books ?
@webyululalbab8006
@webyululalbab8006 4 жыл бұрын
this video deserves 1B views
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
thanks Weby🙏
@stevensmiddlemass2072
@stevensmiddlemass2072 Жыл бұрын
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.
@Curbalnk
@Curbalnk Жыл бұрын
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.
@erich6062
@erich6062 Жыл бұрын
@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!
@erich6062
@erich6062 Жыл бұрын
@colleen.odegaard
@gooaomsin
@gooaomsin 4 жыл бұрын
Good thing that you applied the theory to recent developments on some stocks. Good video. Thanks
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Glad you enjoyed it!
@goncaloveiga
@goncaloveiga 3 жыл бұрын
Great video! Your presentation style, visuals, and concise delivery are gold. Thank you.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Wow, thank you!🙏
@Capital_Alligator
@Capital_Alligator 4 жыл бұрын
As a stan follower - this was an extremely well made video. CHEERS!
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Thanks Jersoner
@pchan6305
@pchan6305 2 жыл бұрын
Another book I would highly recommend is Stephen Bigalow's 'High Profit Candlestick Pattern'.
@soundbeans
@soundbeans 4 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
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
@michaelchanfukeung
@michaelchanfukeung 4 жыл бұрын
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?
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
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..
@michaelchanfukeung
@michaelchanfukeung 4 жыл бұрын
Easy to read and with exercise to check your understanding.
@bc2578
@bc2578 3 жыл бұрын
@ 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?
@ChrisInvests
@ChrisInvests 4 жыл бұрын
Great channel! I think whiteboard animation videos are great for educational stuff 👍
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
I agree, keep it up... I'm still chasing the elusive 1k at the moment :-)
@omarhernandez3478
@omarhernandez3478 4 жыл бұрын
Excelente vídeo, la explicación es sencilla y fácil de entender. Lo que no vi es donde colocar el stop loss_
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
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
@mr.himalayan6258
@mr.himalayan6258 3 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Thanks sir🙏
@kuchikibyakuya7697
@kuchikibyakuya7697 3 жыл бұрын
Plot twist they are the same person. Haha. Please laugh to my stuoid joke.
@mr.himalayan6258
@mr.himalayan6258 3 жыл бұрын
@@kuchikibyakuya7697 challenge accepted : Hahahahahahahahahahahahahaha
@stevencui4320
@stevencui4320 4 жыл бұрын
Hi there, I recall Stan uses 30WMA or EMA other than the simple moving average.(page25, article 3)
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Thanks Steven, I will revisit and take a look...
@natz1916
@natz1916 5 ай бұрын
Thanks for the sharing! Is there a typo at 2:57? Should that be 30 'week' MA?
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Any thoughts on my videos would be much appreciated!..
@sayed_r
@sayed_r 4 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
@@sayed_r Hi Sayed, thankyou for making the effort to reply and your kind words. Much appreciated...
@Torack
@Torack 4 жыл бұрын
I don’t understand what a 30 week moving average is? I’m used to days 20,50,200, etc... Thanks in advance.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
@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.
@frankmanno6207
@frankmanno6207 4 жыл бұрын
@@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.
@sach11061
@sach11061 2 жыл бұрын
Hey, thanks for the video. Could you please help on how to plot relative strength indicator on tradingview
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Hi Sachin - I'm not familiar with trading view sorry
@ottoerago
@ottoerago 2 жыл бұрын
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]
@davronbekadilbekov7292
@davronbekadilbekov7292 Жыл бұрын
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 , ,
@adityapawar73
@adityapawar73 2 жыл бұрын
This whole playlist is truly amazing ❤️❤️ there's so much to learn 👍🏻 grateful ❤️ love from India 😊
@juancarlosguzman2827
@juancarlosguzman2827 Жыл бұрын
Excellent thanks for explaining
@FinancialWisdom
@FinancialWisdom Жыл бұрын
You are welcome!
@哈希拉马-f5h
@哈希拉马-f5h 4 жыл бұрын
Hello, what is the formula of the Mansfield relative strength indicator.
@seek3n
@seek3n 3 жыл бұрын
At 3:00 did he meant 30 week MA? He said 30 day.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Sorry, 30 week
@seek3n
@seek3n 3 жыл бұрын
@@FinancialWisdom thanks
@seek3n
@seek3n 3 жыл бұрын
@@FinancialWisdom 30 SMA correct? Thanks
@donniereidjr
@donniereidjr 4 жыл бұрын
This is amazing data. Good luck finding the Mansfield RSI in TD Ameritrade's TOS.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Thanks Donnie👍
@radleyyawitch5458
@radleyyawitch5458 3 жыл бұрын
Can anyone recommend an online brokerage that offers the Mansfield RSI indicator that is already set up on their platform. Thank you
@EngMamounAli
@EngMamounAli Жыл бұрын
GREAT EXPLINATION THANKS
@FinancialWisdom
@FinancialWisdom Жыл бұрын
You are welcome!
@RicherThanIeverbeen
@RicherThanIeverbeen 3 жыл бұрын
Stan is the man!
@cagrikanik2403
@cagrikanik2403 3 жыл бұрын
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.
@Gates2Aion
@Gates2Aion 3 жыл бұрын
The only ones i need is the v and inverted v but this is a good video on consolidation.
@guillaumerosselet1303
@guillaumerosselet1303 2 жыл бұрын
I will be reading this book this month! 👍🏻
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Hope you enjoy it!
@guillaumerosselet1303
@guillaumerosselet1303 2 жыл бұрын
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
@Ikaros23
@Ikaros23 2 жыл бұрын
✔️Correct on RSI. In trendfollowing it don’t matter what asset you invest in as long as it is likvid and highly traded
@guillaumerosselet1303
@guillaumerosselet1303 2 жыл бұрын
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 👍🏻
@noelborg2499
@noelborg2499 3 жыл бұрын
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
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Hi Noel, yes, apologies it is based on the weekly chart and weekly MA
@danielong8786
@danielong8786 Жыл бұрын
I realised you have great videos. Consider doing a podcast, Thats be great!
@FinancialWisdom
@FinancialWisdom Жыл бұрын
Maybe one day!
@gopisanjay9322
@gopisanjay9322 4 жыл бұрын
Hi sir in thisvideo you shown Telsa company in chart. Plz guide me the website name. Where we see RS indicators
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Hi, i'll need to check and get back to you
@morebrokethaneven4788
@morebrokethaneven4788 4 жыл бұрын
just another great video. Thank you
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Thanks again!
@carterfinance2376
@carterfinance2376 3 жыл бұрын
Steris was a very good pick(160-230$)
@reannon-k6p
@reannon-k6p 3 ай бұрын
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?
@nextbigtrade
@nextbigtrade 4 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Thanks Nextbigtrade....
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Just seen your website, very good, the screener you have is very useful. Thanks
@murphyspattaya
@murphyspattaya 4 жыл бұрын
bought the book after seeing this 🍀😁☘️💊
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Good to hear, It is probably my most favourite book
@ansel.thegreat
@ansel.thegreat 3 жыл бұрын
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.
@carlfenechjr5017
@carlfenechjr5017 3 жыл бұрын
how do you handle the diversity? do you make your trades yourself?
@asifdmotya
@asifdmotya 3 жыл бұрын
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.
@arnoldlombardi
@arnoldlombardi 3 жыл бұрын
Impressive
@ansel.thegreat
@ansel.thegreat 3 жыл бұрын
@@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
@miranda-sun
@miranda-sun 3 жыл бұрын
@@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?
@magicandles5396
@magicandles5396 3 жыл бұрын
Thank you so much for introducing this book. God bless you🙏
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Same to you!🙏
@kito9841
@kito9841 2 жыл бұрын
At 2:58 sec....you said 30 days MA but in the image it is 30 week MA...what it is exactly?
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
sorry, 30 week.
@kito9841
@kito9841 2 жыл бұрын
@@FinancialWisdom thank you.
@KischMusic
@KischMusic Жыл бұрын
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
@EIStudent
@EIStudent 3 жыл бұрын
This man's videos are gold nuggets. Love them. I'm subscribing!
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Welcome aboard!
@EIStudent
@EIStudent 3 жыл бұрын
@@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.
@the_quantastic
@the_quantastic 3 жыл бұрын
Great video. Thanks a lot.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
You are welcome!
@billsmith6652
@billsmith6652 2 жыл бұрын
I've seen this type of setup with your Goodyear example many times but was there no external catalyst? Perhaps positive earnings report after just average ones for long periods of time or a new contract with an external vendor? Because without it why would such optimism abound?
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Sometimes there is no rationale or external catalyst, sometimes the increase in price and volume leads to more price increase and volume, its the momentum effect.
@ozoo4629
@ozoo4629 4 жыл бұрын
@Financial Wisdom really good stuff. Where does one see the 30 Week MA? On platforms like trading view they are just in days. Does this mean using the 270 Day MA ?
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Hi Ozo, most platforms have the option to switch to weekly👍
@gregs8736
@gregs8736 3 жыл бұрын
The 30 MA on a weekly is 30 weeks, the 30 MA on the daily is 30 days
@alpersunay11
@alpersunay11 3 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Excellent!
@nadonadia2521
@nadonadia2521 4 жыл бұрын
great video, you forget to say that in reality charts are not as perfect as stan book examples, some times the prices cross up and down the 30 week moving average that we can't identify clearly the stage of a stock Stan said it in his book
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Well pointed our Nado
@vipulpandeymyfriendworldis7725
@vipulpandeymyfriendworldis7725 3 жыл бұрын
There is Beauty in Simplicity.. thanks 👍
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
My pleasure 😊
@jonathanlee5185
@jonathanlee5185 Жыл бұрын
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??
@drcrypto7746
@drcrypto7746 Жыл бұрын
BEST BOOK I EVER READ
@Tom-jg2ss
@Tom-jg2ss 3 жыл бұрын
Hello, do any of your books cover how these investors screen for stocks for trading/investing?
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
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.
@indythandi8220
@indythandi8220 3 жыл бұрын
Can you recommend similar books that are based purely on technical analysis?
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Hi Darvas / Minervini / Wiliam O'neil etc
@shakihassar7250
@shakihassar7250 3 жыл бұрын
Bravo ! la vidéo est bien faite. Nous avons l'essentiel mais comme toute formule qui semble simple le plus dur est de mettre tout cela en application cela tient de l'art de la discipline et de l'expérience et probablement plus encore.
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
Thanks... I think.....👍
@JB-mw7zt
@JB-mw7zt 3 ай бұрын
This was an excellent synopsis & review. Ty
@FinancialWisdom
@FinancialWisdom 3 ай бұрын
Thanks 👍
@zn4496
@zn4496 4 жыл бұрын
I really appreciate the effort and time you summarise these books and they've been very helpful assisting my selection choices for book to read. Thank you!
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Thanks VN, Much appreciated 🙏👍
@williamkz
@williamkz 4 жыл бұрын
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.
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Thanks William.
@peterkami4655
@peterkami4655 2 жыл бұрын
Is it daily chart or weekly chart that needs to be considered
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
weekly
@daddysgroove
@daddysgroove 3 жыл бұрын
sorry but the rs indicator is setted on how many days?
@gopisanjay9322
@gopisanjay9322 4 жыл бұрын
Hi Sir. Where we can find RS indicator. Plz guide me. Humble waiting for your guidance. Thank you
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Hi, i believe chartmill.com
@gopisanjay9322
@gopisanjay9322 4 жыл бұрын
@@FinancialWisdom pls share RS indicator for Indian stock market.
@asadmahadi628
@asadmahadi628 3 жыл бұрын
You know the art of simplifying complex concept in layman’s language
@FinancialWisdom
@FinancialWisdom 3 жыл бұрын
I try, thanks Asad🙏
@scarfo441
@scarfo441 Жыл бұрын
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
@timw467
@timw467 4 жыл бұрын
The video is great ! But I have a question. How can I use RS if I am not trading in the US stock market?
@FinancialWisdom
@FinancialWisdom 4 жыл бұрын
Hi Cheng, RS can be used in any country.
@timw467
@timw467 4 жыл бұрын
So the RS should be listed out by my own calculation? I couldn't find any RS indicator from stock websites but only the RSI. Thanks for replying
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