I fumbled the BEST trade of the day...
Published: 2024-10-31
Status:
Available
|
Analyzed
Published: 2024-10-31
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker emphasizes the importance of consistent daily participation in trading to develop skills and intuition, allowing traders to capitalize on market opportunities ('hot windows') which can be unpredictable in duration (weeks, months, or even years).
"you want to keep showing up every single day so you can build up your skill build up your educ intuition so when all of a sudden it flips on a dime and the Market's hot you're there ready to capitalize you've got to strike while the Iron's hot because we have these windows and when the window is open that's when you can really do incredibly well but then it'll close and it could be closed for weeks it could be closed for months it could even be closed for years before it opens again I mean we've seen this happen before"
Pending
The speaker maintains that showing up daily is crucial even during slow market periods, as evidenced by making over $300,000 in a slow year. This consistency is to be prepared for significant market moves and avoid missing opportunities.
"even when it is closed for a long stretch I showed up every single day last year and I still made over $300,000 it was a great it you know I can't really can't complain this year's obviously much better but you know some years are going to be slow some years are going to be hot you just got to keep showing up because when all of a sudden you get that big move you know I mean this is the way I feel about it I just I don't want to miss it"
Pending
October's trading performance resulted in a more than 50% increase in the speaker's year-to-date profit.
"this month increased my profit on the Year by over 50%"
Pending
The speaker earned more in the current month (October) than they did in the entire previous year.
"I've made more this month than I made all of last year"
Pending
When the market is favorable ('hot'), large moves occur more frequently, making profit generation significantly easier for traders.
"when the market is hot it feels just so much different you get these huge moves it's it just the profit comes so much easier when you've got the wind at your back and we've had that this month"
Pending
The speaker anticipates that the first day of November (a Friday) might be slow due to a lack of major news, but expects to find trading opportunities due to the market's generally strong condition.
"tomorrow is November 1st so let's try to get November off to a good start first day of the month on a Friday might be a little bit slower don't know if we'll have any you know big breaking news but the market in general has been pretty strong so I bet I bet I'll be able to find something"
Pending
Market 'hot' windows, where significant profit can be made, can close for extended periods, potentially weeks, months, or even years.
"but then it'll close and it could be closed for weeks it could be closed for months it could be even be closed for years before it opens again I mean we've seen this happen before"
Pending
Consistent daily presence is crucial for developing skills and intuition, enabling traders to capitalize on favorable market conditions when they arise.
"you want to keep showing up every single day so you can build up your skill build up your educ intuition so when all of a sudden it flips on a dime and the Market's hot you're there ready to capitalize you've got to strike while the Iron's hot"
Pending
A core strategy is to show up and trade every single day.
"it's part of the strategy to show up every single day so that's what I do"
Pending
The month of October increased the speaker's year-to-date profit by over 50%.
"this month increased my profit on the Year by over 50%"
Pending
The speaker made more money trading in October than they did in the entirety of the previous year.
"in fact I've made more this month than I made all of last year"
Pending
The speaker anticipates potentially a slower start to November trading due to it being the first day of the month and a Friday, but expects to find trading opportunities given the generally strong market conditions.
"and tomorrow is November 1st so let's try to get November off to a good start first day of the month on a Friday might be a little bit slower don't know if we'll have any you know big breaking news but the market in general has been pretty strong so I bet I bet I'll be able to find something"
Pending