The Market Drops 7% - Just The Beginning?

[@thoantran8566]

Appreciate your weekly updates and learned a lot from your interviews and tutorials. Pro trader materials. Thank you.

[@RichardMoglen]

Thanks!

[@magictrades159]

I understand why we want to use relative strength to screen for strong names in a bull market. But when a bull market temporarily halts or ends, are the highest RS names not the first to breakdown? In the same way that the leaders move before the main indices do when a new bull market comes around, are these not the first to stop trending? I have been reading a few thoughts on this on twitter

[@spacewalktraveller1]

Thanks Richard, I sold all my stocks about 5 days ago. I'm just sitting on the side waiting for a new base to start. I'm still holding Century Aluminum GENX and UGL (Gold) as they are both in a strong up trend. Thanks for your weekly update much appreciated.

[@RichardMoglen]

Great work!!

[@robwitts5348]

Hey Richard. Love the videos. I’m a newbie and you’ve shortened my learning curve so much so thank you. One of the questions I have is how to decide whether to stick with a position or open a new one. If I limit my portfolio to 5-8 stocks and I’m in 8 but see new stocks setting up, do I close positions and get into new ones or stick with what I’m in and risk missing out on better trades. Would be great if you could cover this in a video. I don’t think I’ve seen anyone talk about it or write about it.

[@NewGuyDarren]

Thanks. I have been flat since last week. Now we are getting close to the "Sell in May" time period, so maybe its time to use some of that "sit out power" Minervini talks about. I did see some strength in copper. Stocks like SCCO, FCX were looking good before that last plunge. Another interesting stock I am looking at is PGR which had the complete opposite reaction to the market. PGR has been strong overall. Its a Dow stock. I'm going to wait for the market to stop going down. I am also leery of what is going on in the middle east.

[@ryan7714]

Learned 3% stops from you on newly entered positions. They saved my capital as I was stopped out. Thanks much!

[@RichardMoglen]

Glad to hear it!

[@JoséAlbertoBaltieri]

Great content as always Richard

[@RichardMoglen]

Much appreciated

[@PocketQueens1]

Hi Richard, Thanks for great video - Do you know any successful commodity trader I can follow or learn from or have you done any research on commodity trading ? Thanks

[@AM-ee2ro]

Great video and analysis. Definitely Noe’s the time to just keep watch the stocks with the best earnings and relative strength and wait for a follow through day. It’s the best way to stop overtrading

[@RichardMoglen]

Well said!

[@des24man]

good stuff

[@RichardMoglen]

Thanks Des

[@brianleyden]

Great video. I'm very much still an early stage 2 trader and this type of market could very easily have eaten me up. Thanks to your videos I'm currently taking a back seat, learning and waiting for the right time rather than blindly throwing myself into a market that I'm not ready for. These videos are very much appreciated 🙏

[@RichardMoglen]

Nice work stepping aside Brian! Glad to hear my videos are helpful!

[@nhanguyen3527]

Thank you!

[@RichardMoglen]

Welcome!

[@davidworrell86]

Thank you

[@RichardMoglen]

You're welcome!

[@Conorallan]

Thanks Richard, these videos are the best 🙏

[@RichardMoglen]

Glad you think so!

[@alexanderthomsen7418]

Yes baby! Here is my boy! ❤ Thank you Richard