When I was in MBA school back in the late 1980s (yeah that's me back then long before gray hair) it was drilled into me that a company’s stock price was always tied to its financial statements. You know, Profit and Loss statements, Balance Sheets, etc and all that fancy financial lingo.
And so I went through much of my early adult life not really ever knowing otherwise. But along the way I had heard of this “technical analysis” stuff but considered it something like voodoo or witchcraft because as far as I knew it had absolutely nothing to do with the fundamentals of a company’s financial performance.
I often think about and wonder what and how technology could have reshaped our present lives if it existed centuries ago. Along those lines, I wonder what sort of setup Jesus might have had if He used a computer.
One of the most frequently asked questions I get is “Tom, what computer do you trade from and how many monitors do you have setup?”
My answer surprises most people and may surprise you as well...
Market Insights Briefing:
Conquer Trading Discipline and Consistency by Building Your Mental Edge
Recorded Thursday October 12, 2023
This article delves deep into the top reasons why traders fail and how you can overcome these challenges by focusing on your trading process of implementing trading rules, plans, and trading psychology rather than focusing on the outcomes of profits.
Tired of struggling with destructive trading habits that keep you from reaching your trading goals?
This program is for full or part time traders with ambitious income goals!
Introducing the Complete Trading Psychology System to End Destructive Habits and Reach Pro-Level Consistency... in just 8 Weeks!
Master Your Mindset and Take Control of Your Trading
Seems like all the self proclaimed charting experts are suddenly appearing to claim that they "knew" that Bitcoin (ticker BTC) was going to top out and make the free fall that it did... Not so fast my friends!
For well over the past year traders have been asking us what we thought about Bitcoin and our honest answer has consistently been "it doesn't matter what we think about Bitcoin but what's important is what story the BTC chart has been telling us... You just have to know how to listen to it and pickup on the clues that it provides."
ChartPros announced today that is has formed a strategic alliance with Créde Performance to offer "Go Deep to Level Up Your Trading" online Trading Psychology course as well as related performance coaching services.
Créde Sheehy-Kelly is a High-Performance Psychologist with over 15 years experience coaching professional athletes, traders, and other high-performance leaders.