In this lesson, you’ll learn about the stock market. Here are some characteristics to take note of:
– US stock market has been bullish 90% of the time over the last decade
– The stock market is broken down into various sectors, industries, and individual companies
– Open 5 days per week during regular business hours (i.e. North American markets are open from 930am - 4pm EST)
If you haven’t yet, please start to familiarize yourself with common trading terms & jargon relating to the stock market - this will provide you with the necessary foundation as we move through the course, and dig into the actual strategies and management techniques.
Stocks/Equities Resources:
Intro Guide: https://www.irekpiekarski.com/guide-stock-trading/
Stock Trading Terms: https://www.irekpiekarski.com/stock-terms/
Correlation risk is important - and goes hand in hand with capital preservation. For example, say the Tech sector is presenting 5 different stocks for a short. If you choose to execute all 5 positions, that would be risking 5%. Instead, you can eliminate the correlation risk, by choosing to execu...
By now, you should already have a good foundational understanding as to the use of the Elliott Wave Theory, but this lesson will take it even further… we’ll now be adding multi-timeframe analysis into the equation.
A run on a higher timeframe is a trend on the lower timeframe - that’s what we wi...
In this lesson, trending and ranging markets are explained. A trending market is indicative of price moving up or down (creating runs and pullbacks), whereas a ranging market moves sideways without any clear direction. It’s very important to identify the difference between the two market conditi...
