Hey, this is Sasha Evdakov! Welcome to Episode Number 82 – Day Trading Stocks, When to trade, When to Sit, and some examples of day trading and some trading action.
I want to share this with you because the market is set up in a way to do some nice day trading. We’ve had earnings, volatility is coming in, and I want to share with you some thoughts about day trading.
I haven’t shared a lot of that in the past because I don’t promote it as heavily and I’ll explain to you why that is.
First, before we get into that, just a couple of quick announcements. I am launching another little website. It’s genuinely more for beginners if you’re just getting started. It’s just a way for me to organize things, so one website isn’t fully cluttered.
And I’m going to be coming out with InvestingHeplDesk.com, absolutely free and it’s just going to have frequently asked questions out there, answered in video format. We’ll have the question that many people ask me time and time again and that way it’s just easier for me to reference those.
It’ll be very quick videos, it’ll be more PowerPoint style, but it’ll just be a way to answer your questions in more detail. So that way things are a little bit clearer. I’ll be doing that on some of the Tuesday lessons here as we continue throughout the year.
Another piece of news is, I also just finished filming the calendar section. It took about twenty-three full days to complete shooting just the calendar section, and I only have one more part of going in the Option Trading Course.
Right now looking at it, it’s right around forty-five hours of training. It’s an intense course. It’s going to be broken down into multiple classes. I don’t have a tentative release date at the moment, but it is massive. There’s a lot of learning, a lot of education that goes behind it.
And I look at it as getting a Ph.D. in trading options, at least there’s an experience that you’re going to get from this course. Probably no other course or person is going to do it in that way.
I hold your hand throughout the different trades, and you get my time throughout that course, just my thought and my mindset on real live market conditions.
That’ll be coming out later once I finish off one or two more main modules and sections which will be I think it’s the butterflies sections that we have remaining.
Today’s Market Conditions
As far as today’s market conditions and actions, I did want to share with you some day trading concepts. If we look at the S&P right now, the SPY, you can see we’re selling off read about 80 cents. But the SPX actually as of right now, it says it is down $7.90, but really on my screen, this is about 15 minutes behind. We’re down about 14.2 points on the S&P, and it is rifling down quite quickly.
I didn’t personally day trade today. Those of you that have watched the previous episode from last week knowing I’d had some allergy issues here this last week. And this week I got some blood drawn and had some tests done.
I wasn’t around about half the day today to do the testing, to do the day trading, I was out doing the testings, and they were checking my blood and so forth for allergies and other things as well so.
In either case, by the time I got back, there’s no point to day-trade, but those of you that were watching the previous videos know and understand that I was mostly bearish on the market conditions. And the question comes down to why.
Why was I bearish on the market conditions? Before you day trade, you need to decide an overall market trend. Where is the trend but then also where is more of the risk?
When I look at an SPX, and we backtrack it, let’s say look at a weekly chart, even for day trading I’m checking the weekly char. I’m looking at this, what has been going on, and what’s happening.
How far are we extended? How far we extended on that rubber band at those levels? Are we coming into some significant weekly support and resistance or are stretched too far.
And here watching the previous video from last week you know that I was talking about we’re little stretched, quite stretched and we need to move sideways. Or we need to pull back, and even a pullback to 2000 would be just fine, and then we can go higher.
You need sideways digestion, consolidation or you need a slight pullback. To proceed and move higher, that is healthier. If it goes higher without that, then it’s not healthy, and chances are it’ll pull back even faster. And right now just watching the market exploded to the downside 16 points soon.
In either case, what happens is if you have a market direction first off; overall, I look at it and say the market’s overall been heading higher. However, now, I look at where is the risk. The risk is actually to the upside.
What do I mean by that? I say that there’s little room for me to make money to the upside because if it hits this line, it’s going to be very tough to go past the line of 2130 in the S&P. So I also looked at the next line, where it’s approaching which is 2100, that’s another line of resistance.
Now we did break it a little bit, here the previous week, but again we finished under that. What does that tell me? It says to me that my reward, more reward is to the downside because there is more risk to the upside.
Right now I have this in play. I checked it on the daily to see if this confirms my analysis and if it does then I move on to the IWM and I check to see how that’s moving. Did we break it or did we not break it.
I check the QQQ use and by the way everything that I’m doing right now, I do within, this whole video that I’m sharing with you. This entire video will probably be about 20, 30 or 40 minutes long. I do it within about 10 to 12 seconds maybe five seconds depending on how I am on the market.
Think about it as I’m stretching this out and slowing it down to a one mile per hour for you. Here on the QQQ now looking at this upward trend line right here and I see that the QQQs also sold off. So why is that?
Well, I looked at Google. Google sold off we had a sell-off, little pop and continues selloff.
I look at CMG that got major selloff also from the earnings helps push the market lower.
If you look at Microsoft, another big player, you know it, sell-off and continues. And if you look at Apple another major sell-off.
Think about it the leaders, lead the market, it’s like a freight train. A freight train has a principal mechanism there’s something that is leading it, and then everything follows. Here we have these leading stocks going and now what’s happening?
Well, the rest of the market’s going to start kicking in because the leaders lead. And when the leaders don’t lead, then there are some weird territories that you get into it. I’ve seen it before, but it concerns me when that happens.
For example, if we continue moving higher over the next few months but these leaders, like Google and Amazon, comes out with earnings soon as well. If these stocks that are overall leaders in the world continue to sell off, but the market goes higher, there’s something weird that goes on, and I wouldn’t trust the market.
Instead, when I’m looking at this, as far as earnings go, earnings help drive volatility. As you get into day trading first, I have this overall market position mentality that I say ok the markets a little bit overbought here, so what’s in my favor?
Is too short the market or to go to the downside. It’s more favorable that it’s going to pull back because the market doesn’t go straight up, it doesn’t shoot to the moon.
In this situation, I go ahead and now position. I’m starting to think about positioning for the short side. Now I’ve already been putting on short positions over the last couple of days because that’s where I was placed. Because the risk is more to the upside and the reward is better to the downside.
For me, putting on these positions, it’s good when you have volatility. That’s when day trading is really. I guess it works out because when you get little patterns like this in the market doesn’t move you’ve noticed we had 1 to 2 days here in there Where it was one point up, one point down, and the market hasn’t moved much.
And when the market doesn’t move much that’s really when day trading is horrible. Then you don’t get that action within the stocks, but when you have the volatility like we’re getting right now, we’re here.
Let me show you the screen. Look at this market is just an elevator coming down because people were on the wrong side of the trade. If you look at the S&P, I mean we’re just shooting down right here it’s just a massive nosedive and 21 points we were up 23 points BOM taken it out.
When you’re on the wrong side, this is what happens and what you get clobbered, but professionals love this. What they do is they hold it up as long as possible. And then they rip that rug out from under because then they see the buyers dried up, the buyers dry up and when the buyers are dry up, BOM, they take it out.
For me when you have an overall market direction, you know that the reward is more to the downside. You start looking at when you’re day trading, looking for opportunities to trade.
Now for day trading, I would not do it and do not recommend it when stocks are moving sideways. Then they’re barely moving like this up and down a few points here, and it’s chump change.
That’s little money, and that’s pennies because the market isn’t moving. The volatility is low, and that’s why big traders love volatility, they love when the market moves.
It doesn’t matter if it moves up or down, you’re versatile, you want the market to move. What you do is when you see things like these big stocks, like a Microsoft, selling off in a big way or you look at Google selling off major.
What other one do we have? Netflix or Apple, these are your day trading stocks. You can trade other stocks, penny stocks and this and that but these are more liquid.
Once you start trading more extensive account, it’s a lot better to trade these plus these move a lot more when the trader start stepping in and taking these out they go to these first. Because they want to protect their profits or they know it’s going to tank more because a $200 stock is going to move much more than a $4 stock.
4 dollar stock may move a dollar in a day or $0.50. $100 or $200 stock is going to move a couple of dollars in a day. Looking at this one right here you got Apple moving $2.67. I’m looking for stocks that have high volatility.
Here on Amazon, we had on the day a pop of 15, and then the reverse now we had a twenty. That means if you made that move that action you had twenty-point volatility spread move. So when do I trade? I trade when there’s volatility, that’s when you day trade you don’t day trade when you have markets moving sideways when the VIX is low.
Typically when the market is moving to the upside, you will have a lower VIX. You probably won’t want to day trade, you can, but again it’s chump change. You’re trying to milk it, but it’s not worth the headache. For me, I’d instead hold and do regular position at that point.
However, once you start getting overstretched action like over here on the S&P, you’re getting to these highs and you’re starting to see this to roll over, which we talked about last week, review that previous week’s video.
Learn to be patient
We talked about that action that once you start seeing this, you start watching for opportunities if you want to day trade. For me, again full disclaimer, I prefer to swing trade. That is my thing because you make more money holding a stock for days or weeks to calm if you can be patient. However, it’s challenging.
It’s difficult to be patient because there are other factors you need to look at, and it’s a hard thing to learn. The patience factor for many people is tough to learn but with swing trading.
Here you can ride a stock for a couple of weeks you got the trend line. You can ride it here for a couple of weeks. You can spend some time at the pool. You’re not worried about it or stressed about it.
When to trade?
With day trading you can’t leave the screens. You can ask yourself: When do you trade? You trade when there’s volatility when stocks have been selling off because that’s when you get whipsawed action.
And then when do you set out you sit out? You sit out when the stocks are typically going higher or lower by like 1.2 points when Dow Jones is up five points or 20 points, and it’s minimal. There’s no point to trade them because the market is just acting sideways; it’s calm. So you’re not going to get a substantial return on a day trade. Keep that in mind.
Again this lesson mostly applies to day trading. However, I prefer to swing trade but if you want to day trade here are some more concepts that I wanted to share with you how to properly do it.
This is how you do it. You do it with patience, day trade when the time is appropriate. When do you take a truck on a road trip? When you have a large load in the back, and you have two by fours and camping equipment that you need to carry. When do you take a hybrid? That’s when you’re trying to save gas.
Always use the right tools at the right time.
Next point let’s take a look at the market. This market’s rolling over. When we look at the S&P when do you use short these stocks, when do you short them? Well, again, I have my overall position direction that is in my mind. Now I’m looking at its bearish, it’s overstretched that’s hitting critical points.
I’ll zoom in on the fifteen-minute, I’ll tell you I don’t like our hourly because there are six and a half trading hours per day and the hourly time frame does not break into that evenly on a bar basis whereas with a 30 minute right here if it breaks down consistently, 15 minute breaks down evenly.
With an hourly chart, you typically don’t want to watch that. I have it here because I think it’s a default. But in either case, you don’t want to watch that because it doesn’t break down into it evenly.
To make your decisions, you want to do it on a thirty minute or fifteen minutes. You can look at a five minute but with a five minute you’ll get whipped around in a minute chart. Again you’re getting beaten around because you have to take into account the volume that the meta-pattern that we talked about last week when you’re day trading.
Let’s say you start conservatively and you’re looking at a thirty minute. I’m going to backtrack it to about a two-hour here so that you can see. Here I am hitting some critical points, and I’m evaluating what’s going on with this stock, this company, in this case, the S&P.
Now, here I am noticing this is hitting a high. It broke a little beyond it, and we rejected it, we did it twice. When we come up a third time, that’s your shorting point and opportunity. That means the stock is still acting weak.
If you missed that point then what do you do? Well, you take a look at it a little bit closer. Now we know and understand that the direction is down we already determined that on the longer-term time frame so now I start looking at other little critical levels.
Where did the stock change direction? Where was there a gap? Where are we things trying to be defended? And stuff like that. Again there’s the next line I draw, why do I pull this line?
Here’s why I draw this line: Number one you have a little gap right there. Number two – you have a little bounce here, you have a third bounce here, but then the stock broke and rejected it. We have again, now a rejection right there, stock attempted to break it but couldn’t do it, tried a third time couldn’t do it.
You wonder where do you short? Well I mean here for today, what do you do, and what happens? Well look at it right here that’s your shorting point, your shorting opportunity was right there. That’s the first initial point was proper under this line where you see this 209.50. Right there that’s your shorting point.
If the stock pops higher, you get out of it right there, a little bit because you’re day trading. If you’re swing trading, you need more room and wiggle room.
You’re next opportunity, what happens? You see the volume coming in over here the red volume. Notice that the red volume bar was comparing it to the other bars they’re a bit higher. You got that selloff stock re-attempts to break higher, couldn’t do it. Rejected it and that’s your shorting point.
Anywhere in that range now you’re shorting it, you short the stock, and you wait until it comes down. Potentially this was your initial point where the stock could have bounced. It couldn’t do it, continues to sell off.
That’s what happened, that’s what you’re watching for, and you can apply this to any stock. You’re watching the overall trend, how extended it is. Then you’re getting in on that trend whether it’s to the upside or the downside. Right now it’s favoring the downside.
And then as you get into critical levels like this level here, you take profits. Take half because what if it now bounces to the upside. What if it jumps, then what now you’re back to even and you executed a trade put on risk for no good reason. Because you’re only a day trade you’re not going make a fortune you’re looking for scalping. You’re trying to nibble. It’s like trying to find coins and rings at the beach. It’s a tough thing to do.
When you get into this, right here, it comes into it you want to get half out. The main reason is the probability again where is the risk, the likelihood of the shorter term is for that stock to bounce. You have that risk.
It’s better to take half off that table. That’s what you want to do and you know that’s what you’re watching, is where that next risk-reward line is.
You can see that some of these times you’ll get a little bit faked out. Because you have this support line right here, but it broke below that, so you’re wondering where do I put the support line. Well, the swing point was right there, another swing point was right there, this broke it, but it couldn’t hold it. It bounced on there so now it creates at that level.
This was just a little confluence, little meeting point. It’s still our range you’ve got to think of these ranges. When you’re looking at support and resistance, it’s really like a little range. We talked about that before.
It’s like a little range like that so once you start looking at these as critical ranges, now that should make a bit more sense. And that’s what you’re doing, and you can do this to any stock.
Let’s do it on Amazon. I checked the weekly chart, overall the stock bounces. Why? The stock bounces we’re coming into the swing lows, stock bounces, I go back to the daily and see what confirms here, where we’re hitting, we hit right here.
Kicked this point this was a little bit of a wiggle point right there. We bounced, we consolidated, broke higher, for the short term this was a nice stock. Now we’re getting into this could be creating an A to B, B to C and now we could see a C to D.
Now earnings are coming out today so that I wouldn’t be holding the stock overnight because of gains. We don’t know where it’s going to go, but if you see this selling off today, you’ll probably see the market continue going lower. Especially with the action, we’re getting now with a massive selloff.
Anyways the overall direction of the market, let’s say it’s to the downside. Then I’m looking at how these leaders are moving. How are the related companies, Amazon, Apple, Netflix Google, and all these stocks?
Not just Amazon because I want to see the overall picture. It gives me the lay of the land. Now I’m looking at the swing highs, look at this point, the stock it’s on the daily, that this stock right here came to these highs and it rejected. It wasn’t able to do it and as its refusing it. Look at this bar right here, that red bar and then look at how this red bar right here is coming in. The volumes picking up.
Then you had a second rejection. When we look at that second rejection, look at that red bars, so bearish volume is picking up. If you missed it, that’s ok then you have more opportunities. The market gives you multiple opportunities.
We know the longer-term trend is down on the market. This stock is also rejecting daily moves. Now what I do on the day? I look at every day, and now I go back to see if there’s a good entry point because I missed the earlier tops over here.
I see this swing point over here, where the stock change directions. Let me put a little bit of a move right there at the highs and now as I zoom into that look at how perfect that comes in. Now you’ll notice stock broke lower if we look at this, the stock broke lower here on heavy volume.
Before we had bullish volume here on the daily, so the shorter term for a month or two was to the upside. But now for a longer time, let’s say six months is to the downside, things are starting to change a little bit of a direction. Or it could be just earnings digestion that’s coming into play, and people are getting worried.
We now move higher, right here we climbed higher on lighter volume, bullish volume. And then look at when we do have this little selloff that is a bearish volume on a higher scale then we reject. Do we reject on lighter volume or more massive volume? It’s heavier bearish volume.
We continue rejecting, is that bearish, yes bearish. Is it a heavy volume? Yes. Is it confirmed to our overall bigger picture? I’m talking now the bigger to this big line over here, does that established as well, yes.
The stocks moving lower our overall big picture was to the downside. Now the stock pops over here, the stock pops to this upside, but it pops a little bit on heavy volume. But this is what, the beginning open trading.
Now we see what has happened in the next 30 minutes. That’s why I say don’t trade that first half hour if you’re brand stocks start to reject. Then we’d realize okay this part is a rejection point, this is a rejection point, and now we get in short it right here at that 620 level.
If it breaks 619 even 619, you short it. Now, what would you have made if you short that 619, 619 to right here $16 in one day. That’s how you trade it but would you day trade? Would I day trade?
Let me backtrack again. When would I sit out of these things? Would I day trade over here? No, I’m not. There’s no reason for me to day trade. Yes, you can do all the markets popping a little bit, and you might be saying yeah it’s popping and then look at those big green bars and it’s moving, no.
For those kinds of trades, I’m looking at a swing point. I’m looking for a swing trade because here I noticed a consolidation pattern and those of you who were on the charts, right here. I said this is a beautiful area to get in and it is for a short-term move right here. You hold it for 41 points, and that’s not bad for 41 points you hold it sit because the market is just crawling up like a turtle.
But to day-trade, it’s lovely to short when the stock is continuously pressing down. Then you see this action start coming in. I’m not saying you have to catch it that day or today. You could have picked it up here. You could have found it earlier. That’s perfectly fine because what did that stock tell you?
That stock was telling you that even over here, as we’re coming into these highs, let’s draw this line across, look at this and if we move this over we don’t even look at that. Let’s zoom in a little bit.
Now let’s look at it here the stock right here had a little bounce point. We broke it here, that tells me we’re weak. Now the stock re-attempts to go higher, rejects it here and soon we broke this point again we broke it lower.
The stock tries to crawl back up, ABCD pattern, right there a small ABCD pattern. Look at this point here and this point over her. We try to get up to that point that critical point. I’m not looking at this swing point because this was just intraday movement volatility. You look at where the stock ended which is right here right. That’s why you check the daily in the longer term.
Stocks are rejecting, continues to sell off, BOM, you take off half. Then what do we get? We get that stock to try to pop higher, you do a second time short and BOM, take half your profits again. Now you should be half or eighty percent out if you’re day training.
If you’re swing trading, you will hold it longer, but in this stock we have earnings coming out so you should be out before those earnings come out. So you can do this with any stock.
Here again look overall big picture, like I said, I do this fast. What do I do? I’m going to show you precisely the speed that I do it at.
Here I am going first to check the weekly. I’ll go to monthly. I’ll get the big picture lay of the land. I see that things are a little toppy, BOM, right there toppy.
Then I go to the weekly. I see here things are a little toppy. Again I look at small points right there it’s little toppy. I go to daily. I see those points lineup, right there I look at the lines here are some critical points. I check these levels tried to break lower, couldn’t do it.
It’s crawling up trying to hit these highs right there still toppy means it’ll probably reverse unless it can break extremely heavy.
We sell off on heavy volume due to earnings, doesn’t matter what it is, we go down, stock pops stock breaks if you missed it doesn’t matter. Remember market gives you multiple chances.
Stock attempts to come back right here rejects it. More massive volume continues to sell off right there. There you go from here to here in one day twenty-point run.
Let’s do the same thing with Netflix. Let’s take a look overall, where is the significant trend? I look at this we’re hitting swing highs here, swing highs here, double top, and two points. The stock direction is down. We try to bounce on that direction for a smaller term for the multiple months right here.
Then we break it again on earnings. There’s a problem, and we zoom in on it. If you’re day trading now, you have a somewhat of a clear direction. Stock energy is to the downside on the longer-term, so I would rather trade this to the downside.
Here now I’m looking at where the swing points are. I take it out to about a fifteen-minute, you could do thirty-minute. You see a stock bounce here, so here’s my line in the sand I’m looking at it. I go ahead I see we had a rebound here, bounce here, break right here, and volume is relatively heavy good for Netflix.
If we missed it right there on the break, you would have already been waiting in on it right here one point to two points. But if you didn’t get it right there, you go ahead and look that it’s trying to get up there didn’t even have the energy. It rejected it coming up here again, denied it.
Even if you missed those points, you could see right here. Now we re-attempt go down have a bounce, breakthrough, re-attempt so again here’s another shorting point.
We bounced BOM to the downside, but this is all based on the bigger picture. What’s the bigger picture because I’m not going against the more significant picture trend on a day trade. You can do that but if everybody’s pushing it down and you’re the one pushing it up it just doesn’t make sense to me.
It’s not worth my money. I would instead take that money and go out to dinner go out and get a pleasant massage. Go out, spend that money give it to a hungry child whatever use that money for a better means. That’s how you do it.
Finally, let’s do Apple real quick. Again longer-term trend looks at this, A to B, B to C to the downside, we get a little pop. Still, this also can be an A to B, B to C and now we may get a D pattern, right there.
It is overall going to the upside volume. What happens to volume if we head lower or we had a higher volume is decreasing? Now as we break lower what happens to volume? It increases. We break that trend line now what do we do?
You go ahead and short the stock at that point because you’re breaking that trend line if you want. If you don’t want, then wait until earnings are out then again you could do the same thing with Apple. It doesn’t matter which stock.
Here I am at the 10 minutes, and you can see right here we break lower. We try to power higher, try to get into this gap right here. What do I know about the big picture of Apple at this point for the next few days?
The big picture is it’s pointing down here is that rejection coming in, and the stock continues to roll over that’s how it’s done. Hopefully, this makes a little bit of sense. Again I took this twenty-thirty minutes to, I do this within a few seconds, and I hope this makes sense.
After you do it for a while, you start grasping it and it takes time. Sometimes you’ll spend a day a couple of hours on a chart to figure it out. You need to take the time to learn that because then you need to be able to do it second nature. Especially if you’re day trading as the market is fast when you day trade.
If you’re new to the markets, I recommend you stick to swing trading. You trade lighter, trade fewer shares and I talked about it last week.
I talked about at the week before this market was set up for lower prices. Looking at all these are earnings you can’t push the market higher with weak earnings and the technical’s overextended. If you do then you get more substantial pullbacks, it’s hazardous at that point.
Eventually, those things do come back; you can’t just constantly keep pushing it.
Thanks again for joining me. I hope you enjoyed it here with me. I know I don’t do a lot on day trading and that is only for the safety for you not to burn your money. Because when you get the idea and concept of swing trading, the day trading is chump change when it comes down to it.
Also, the reason I don’t do it is it takes up a lot of mental clarity, and you need to watch that stock. You can’t leave the room if you’re trading and you’re day trading.
Let’s say Amazon and Apple. I can’t leave the room. It’s hard to go to the bathroom when you’re day trading because I don’t want to leave those positions — especially trading five to ten thousand shares right here.
You know the stocks are rolling you don’t want to see that spike higher because you know you got a lot on the line.
Here in this scenario situation, you want to watch the screens and don’t leave the room. Having multiple computer setup, multiple internet service provider is smart. That way if the internet goes down, that way if the computer shuts down, restarts or power failure you’ve got a backup and all that good stuff.
And that’s what day trading is about. I like to trade a lot more calm, from time to time I will do day trading when the conditions are set up.
Today would have been a great day for it, but again like I said I was at the allergy doctor. They’re getting blood work and tests and all that stuff. I would have instead done day trading or done other things and make these videos for you guys, but anyway it had to be done.
Is tomorrow going to be an excellent day to day trade? I don’t know. You watch the supports the resistance overall the market conditions. Overall as you can see we’re somewhat rolling over, you can see that that curve on these stocks and you can pick any stock.
Look at this Amazon rolling over. Look at Microsoft if you take the Microsoft out to the monthly look at this where again you got that little roll over a pattern happening.
Netflix the same thing. I mean you pick any stock you want, the leading stocks at this point, the rolling over. Can we bounce here soon? Yeah, we can. Where would I see the bounce if you’re asking me I would probably know the bounce around 2,000. That’s an excellent point people want to see that point.
There are some other shorter-term bounced levels of course right here and right here that you may get. You may get more sideways actions before we get to go lower. And if we do get more sideways action at least for a month or two, then you can see this market power higher.
However, you need digestion. You need people to get out of those positions, and I will tell you to embrace these market pullbacks. The reason is that when you adopt these market pullbacks, they set up beautiful charts.
Just like when you had Amazon here on this bounce for this room of a hundred and thirty-seven points, you’re going to get the same on these Google’s. Think about it you’re going to get this Google at 605 maybe.
I don’t know exactly, but if you do you get at 605 maybe, maybe you’ll get it there. Perhaps if we have a massive pullback, you might get it at 449. If we have a gigantic pullback, you might get Google at 357. Very unlikely but if you can get it at 508 or 600 that would be nice.
You’ll see, it depends on the scale of the pullback, but it creates great charts and great opportunities. I know it sounds against the grain where everybody else’s retirement is tied to the market, where they need the market to go up.
For you, if you’re an active trader, again probably sounds a little un-American. You want the market to tank because it allows you personally to buy things at lower prices because it creates an opportunity that’s what happens.
It creates opportunity and a chance for you to again get things at those lower prices.
Anyways thanks for joining me. Keep an eye out for those quick little videos that I’ll be releasing at the investing InvestingHelpDesk.com. It’s my website just going to be quick questions that I can answer on video for you.
And genuinely appreciate everyone all the positive comments, the kind words, the fellowship that you guys are doing with my channel, connecting with me. I appreciate that.
It means a lot to me, and that’s precisely why I do it. It’s enjoyable for me to see the light bulb go off to speak and talk to some of you on the phone.
And look at the charts, and when you start grasping that information and especially hearing about those stories where it’s life-changing, that’s what it’s all about.
Thanks again. Remember to do what you love and contribute to other people. But most live your life abundantly, and I’ll see you next time!