Peter is a professional trader, but Paul is not. Peter has a written, proven trading plan that he follows every time he starts trading, but Paul does not. Peter agreed to meet Paul to help him become a more successful trader.
Paul arrived early for his first appointment to meet Peter a few days later. He was excited and anxious. Peter told her that he would show you how to confidently trade stock market trends using technical analysis and trading strategies, but can she really do that? Have you been able to become a successful trader after losing a lot of money in the market in the last two years? Did he waste Peter’s time?
While he waits, he thinks of the look Beth gave him when he told him about her business loss … the feeling of failure he experienced when she left. The complete helplessness he felt when the degree of his loss eventually overtook him. He was very close to financial freedom, but is now deprived of him. When Peter stepped into the foyer of the office building and wished good morning to everyone, he began to feel sorry for himself again. If he feels sorry, he has to wait until later. Visit:- https://www.internet-navigator.de/
Peter signals that he should be chased to the elevator. Paul did, and they chatted as the elevator took them to Peters’ office on the 30th floor. It was smaller than I had imagined, but it was only the reception in the waiting room and the office with a view of the city.
I was hoping for something bigger, but the office was functional. In addition, Peter didn’t need any more space as he had only one staff member, his secretary and receptionist, host, coffee maker, and one of his best friends. The focus of Peters’ office was its operation screen. A 3-screen plasma monitor over 4 feet wide. Paul thinks this is not a screen.
Kim brings coffee and then leaves them alone. Paul threw a cup at them and sat down.
Peter looks out the city window for over a minute before speaking. “So do you want to be a trader?” He finally asks. “Yes, but more than that, I want to be a good businessman, just like you,” Paul replied.
“How do you know I’m a big trader? And what is your definition of a big trader?” Ask Peter.
“The other day I heard you talking at a restaurant. You definitely know what you are doing, and the market has been on the market for 5 consecutive days since you bought the S & P 500 Index. It’s up over 130 points, which is 20% in a week! “Paul explains.” Anyone who can profit on a big recession day and then has the ability to look back and buy. … and I think it’s completely correct. ”
“Sure, the index has come a long way. And yes, I’m low, right? So, by his definition, I’m a good trader, “Peter laughs at himself.
“How far do you think the market will go before you take a break?” Ask Peter. “I don’t know,” Paul replied. “I’m not, so I’m below the daily lows in case the sell orders change again and are ready to run out again,” explains Peter. “Choosing how low is important, or even essential, is not so important. It controls trade as money progresses,” Peter added.
“But I’ll talk about that later. Look at the graph and tell me what you see,” Peter said. He opened the charting software and soon they were looking at the monthly charts of the S & P 500 Index. Charts available on Stock TradingReview.com
“This is the price history of the S & P 500 over the last three years. What is the trend direction?” Ask Peter.
“It’s down,” Paul replied. “Really, and how are you working in this market with a clear downtrend?” Peter continues. “I didn’t trade it at all, I just invested completely and lost money,” Paul replies.
“You actually exchanged it, my friend.” Peter continues. “He has been fighting the trend by staying in his hands for the past two and a half years while prices are falling. People who fight the trend always lose money. “Like all the other little traders who finally gave up last week, you ended up panicking and selling. You sold to people like me. The same thing every time there was a fix or a bear market. It happens to: Small traders hold up until I can’t do it. If you stay in the market for a long time, everyone panics and sells together, and the market rises. ”
“Look at this chart and tell us when the downtrend started.” Ask Peter.
“Well, I think it’s like it started disappearing in December 2000,” Paul replied. “Yes,” Peter replied. “This is because since December 2000, there was no reason to buy this index or stocks showing the same chart pattern, and there was a reason to hedge the portfolio if it was not selling or not cashing. Means that … ”
Paul looked at the map, and of course it was easy