Best of the Week
Most Popular
1. Dollargeddon - Gold Price to Soar Above $6,000 - P_Radomski_CFA
2.Is Gold Price On Verge Of A Bottom, See For Yourself - Chris_Vermeulen
3.Dow Stock Market Trend Forecast 2018 - Nadeem_Walayat
4.Gold Price to Plunge Below $1000 - Key Factors for Gold & Silver Investors - P_Radomski_CFA
5.Why The Uranium Price Must Go Up - Richard_Mills
6.Dow Stock Market Trend Forecast 2018 - Video - Nadeem_Walayat
7.Jim Rogers on Gold, Silver, Bitcoin and Blockchain’s “Spectacular Future” - GoldCore
8.More Signs That the Stock Market Will Rally Until 2019 - Troy_Bombardia
9.It's Time for A New Economic Strategy in Turkey - Steve_H_Hanke
10.Fiat Currency Inflation, And Collapse Insurance - Raymond_Matison
Last 7 days
Gold Exodus to Reverse - 22nd Sep 18
Bitcoin Trader SCAM WARNING - Peter Jones, Dragons Den Fake Facebook Ads - 22nd Sep 18
China Is Building the World’s Largest Innovation Economy - 21st Sep 18
How Can New Companies Succeed in the Overcrowded Online Gambling Market? - 21st Sep 18
Golden Sunsets in the Land of U.S. Dollar Hegemony - 20th Sep 18
5 Things to Keep in Mind When Buying a Luxury Car in Dubai - 20th Sep 18
Gold Price Seasonal Trend Analysis - Video - 20th Sep 18
The Stealth Reason Why the Stock Market Keeps On Rising - 20th Sep 18
Sheffield School Applications Crisis Eased by New Secondary Schools Places - 20th Sep 18
Precious Metals Sector: It’s 2013 All Over Again - 19th Sep 18
US Dollar Head & Shoulders Triggered. What's Next? - 19th Sep 18
Prepare for the Stock Market’s Volatility to Increase - 19th Sep 18
The Beginning of the End of the Dollar - 19th Sep 18
Land Rover Discovery Sport 'Approved Used' Bad Paint Job - Inchcape Chester - 19th Sep 18
Are Technology and FANG Stocks Bottoming? - 18th Sep 18
Predictive Trading Model Suggests Falling Stock Prices During US Elections - 18th Sep 18
Lehman Brothers Financial Collapse - Ten Years Later - 18th Sep 18
Financial Crisis Markets Reality Check Now in Progress - 18th Sep 18
Gold’s Ultimate Confirmation - 18th Sep 18
Omanization: a 20-year Process to Fight Volatile Oil Prices  - 18th Sep 18
Sheffield Best Secondary Schools Rankings and Trend Trajectory for Applications 2018 - 18th Sep 18
Gold / US Dollar Inverse Correlation - 17th Sep 18
The Apple Story - Trump Tariffs Penalize US Multinationals - 17th Sep 18
Wall Street Created Financial Crash Catastrophe Ten Years Later - 17th Sep 18
Trade Wars Are Going To Crash This Stock Market - 17th Sep 18
Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - 17th Sep 18
Financial Markets Macro/Micro View: Waves and Cycles - 17th Sep 18
Stock Market Bulls Prevail – for Now! - 17th Sep 18
GBPUSD Set to Explode Higher - 17th Sep 18
The China Threat - Global Crisis Hot Spots & Pressure Points - 17th Sep 18 - Jim_Willie_CB
Silver's Relationship with Gold Reaching Historical Extremes - 16th Sep 18
Emerging Markets to Follow and Those to Avoid - 16th Sep 18
Investing - Look at the Facts to Find the Truth - 16th Sep 18
Gold Stocks Forced Capitulation - 15th Sep 18
Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - 15th Sep 18
Trading The Global Future - Bad Consequences - 15th Sep 18
Central Banks Have Gone Rogue, Putting Us All at Risk - 15th Sep 18
Gold Price Seasonal Trend Analysis - 14th Sep 18
Growing Number of Small Businesses Opening – and Closing – In the UK - 14th Sep 18
Gold Price Trend Analysis - Video - 14th Sep 18
Esports Is Exploding—Here’s 3 Best Stocks to Profit From - 13th Sep 18
The Four Steel Men Behind Trump’s Trade War - 13th Sep 18
How Trump Tariffs Could Double America’s Trade Losses - 13th Sep 18
Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - 13th Sep 18
Trading Cryptocurrencies: To Win, You Must Know Where You're Wrong - 13th Sep 18
Gold, Silver, and USD Index - Three Important “Nothings” - 13th Sep 18
Precious Metals Sector On a Long-term SELL Signal - 13th Sep 18
Does Gambling Regulation Work - A Case Study - 13th Sep 18
The Ritual Burial of the US Constitution - 12th Sep 18
Stock Market Final Probe Higher ... Then the PANIC! - 12th Sep 18
Gold Nuggets And Silver Bullets - 12th Sep 18
Bitcoin Trading - SEC Strikes Again - 12th Sep 18

Market Oracle FREE Newsletter

Trading Any Market

Some Traders Hit. Some Traders Miss. Here's How to be Part of the 1st Group

InvestorEducation / Company Chart Analysis Nov 22, 2017 - 03:32 PM GMT

By: EWI

InvestorEducation

Also, watch Jeffrey Kennedy identify two high-confidence trade set-ups in Johnson & Johnson (NYSE: JNJ)

'It's the most wonderful time of the year,' goes the famous holiday song. Except on Black Friday morning, that is, when a deadly stampede of shoppers at the big-name box store runs Granny down in the dry goods aisle.


But, if you think about it, a Black Friday stampede is not that different from a trading 'stampede' when thousands of trades all rush into the same hot stock.

When the trading "doors" open and a throng of people are all angling for the same opportunity as you, the clock is ticking. Under pressure, many traders race headlong into that market, palms sweating, heart racing, with no secure trading plan in place.

Have you ever been part of that crowd? That's OK. All traders have.

Our very own master analyst Jeffrey Kennedy describes this tendency in his newest educational resource '12 Real Life Techniques That Will Make You a Better Trader Now.' It's a collection of 5 video tutorials, and in the third one Jeffrey nails the 'stampede' impulse on the head:

"The reason is because people are running on a 'lack' mentality. Everybody's knocking each other down, fighting to get to the front of the pack because again, they're thinking there's a limited supply of whatever items, say flat-screen TV's.

Well, ever since they made flat-screen TV's, I don't think there has ever, in reality, been a single day that I couldn't go out and buy whatever flat-screen TV I've wanted. I could buy five a week if I wanted to because the supply is out there.

Likewise, there's plenty of opportunity in the markets. Literally, there is more opportunity than you actually have money in your trading account. By understanding that, you begin to discard the 'lack' mentality, and embrace an abundant one."

That's 1 lesson of 12: "Wait for the market to commit to you before you commit to the market" because no matter what, there is always another opportunity waiting just around the corner.

It helps, of course, to know exactly what you're waiting for. In the second video of this five-video series, Jeffrey catalogs the "four critical elements of a high-confidence trade set-up," using the price chart of Johnson & Johnson stock (NYSE: JNJ)

JNJ Opportunity #1: December 29, 2016 Trader's Classroom lesson. There, Jeffrey identified recent selling as a corrective fourth wave and called for the resumption of the larger uptrend in a fifth wave rally "above $124.38."

JNJ Opportunity #2: May 2, 2017 Trader's Classroom video lesson, where Jeffrey showed subscribers how, if they missed the big JNJ rally from December, there was another "opportunity to the buy side" -- one that would take prices to $132, or even $137.

The chart below shows how Jeffrey's objective criteria kept his subscribers one step ahead of two major opportunities in this popular stock:

Want to watch Jeffrey's actual video forecast where he analyses JNJ in real-time?

Press play and enjoy!

Some traders hit. Others, miss. Learn to be part of the first group today with Jeffrey's five-video educational resource, "12 Real Life Techniques That Will Make You a Better Trader Now."

Let our own Master Instructor Jeffrey Kennedy share with you 5 videos with 12 battle-tested trading tips. These free lessons will make you understand the steps you should always take to capitalize on new market opportunities.

Get Access Now!

This article was syndicated by Elliott Wave International and was originally published under the headline Some Traders Hit. Some Traders Miss. Here's How to be Part of the 1st Group. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules