I believe this is one of the best videos from Financial Wisdom. A lot of people have trouble knowing when to sell. (Including myself) I've had many positions go from positive to negative. It seems like a simple thing to do. If you would always sell in the green and abide by your stop, (considering profitability rate and RR ratio of course) you're a profitable trader. But for some reason, it just doesn't happen that way and it's because we don't follow our plan or don't have a plan set BEFORE entering the trade. Trimming the position on the way up helps keep profit and reduce huge losses too. HAVE A PLAN AND STICK TO IT!
The best video I have seen to date. Literally was switching on light bulbs in my head as it played and it has made what I haven't been understanding for 3 years crystal clear...🤩 Thank you Dr Alexander Elder for the amazing analogy of Market Condition... I need to dive into his books asap.
Recently becoming interested in Dr Elders book, find this video (as always previously about other authors) very useful to summarize the findings by this unusual doctor. Appreciate your work, thank you.
Excellent video however the "sell zone" at point B was drawn with the benefit of future price action! Don't we all wish we had future knowledge to make present day decisions 😊
Nice video. The selling point in charts looks little bit like consolidation and forming a second base which could be a continuation of uptrend. So its not easy to differentiate. Thanks
I have seen in an earlier video that you are trading since more than 25 years. My question would be: do you do this as a full time job? Or is just an extra to your everyday job? How much time you spend ok screening weekly? How many positions you take to maximum? Thanks in advance.
Hi - Yes this is my full time endeavour. Perhaps 4 hours on the weekend, it used to be more but the scanner we developed has taken a lot of leg work away. up to 16 positions if the market is trending
Hello, thanks for the great video. I am rather confused though. I have read 'Trading for a living, 'Come into my trading room' and 'The new trading for a living' and my entries are still a mess. He says that if you analyse the weekly chart as the tide, then your daily Force Index gives you the entry signal by dipping below 0. This makes good sense to me. However, in 'The new trading for a living' he also covers his Impulse System, which is what you're not permitted to do system and on its own also makes good sense to me. But when you try and enter a position using Force Index on daily chart, that same day is often not permitted by the Impulse system. Could you please clarify an exact criteria for an entry? Thanks in advance.
In the context of this strategy, is an uptrend defined as the 13 EMA being above the 26 EMA and is a downtrend defined as the 26 being above 13? Thank you in advance. I love the presentation of your educational TH-cam videos.
It's funny how he sais "Price at some point snaps back to the EMA". Of course it does, but it's not because the price 'snaps back', it only is because the EMA catches up. I still get his point though.
A man opened 2 accounts: 1. One for trading 2. The other one for investing Over a period of time, the trading account became the investing account and the investing account became the trading account... Hit the like button if you got it....
This material fosters deep intellectual curiosity. A book I read with related ideas enhanced my thinking. "Mastering Money Mindfulness" by Benjamin Hawk
@@FinancialWisdom sir, it's been 2 months now since I started my own journey.. And sad to say, all my positions are RED. 😭😭😭. One of the reason is that, we dont have stop loss application here in the 🇵🇭. I followed all ur advice and strategy. All the missing wer der is the SL. any advice??? Thank u and stay safe.. 😘😘😘
@@samrhaibeth8255 hi Samantha, when you say follow all my advice... do you mean all apart from the stop loss? We need a stop loss in all our stock positions, " cut losses, let winners run"
Great production, Gareth, thanks. I'm almost tempted to go off and write an essay comparing and contrasting Dr Elder with Stan Weinstein (e.g. Force index vs. Mansfield relative strength, etc), although both use very similar principles. Out of curiosity, when Elder refers to 13 & 26 EMAs is he using a daily or weekly chart? (Based on your earlier videos, I'm now weekly charts almost exclusively.)
I liked your previous trading books analysis, but in this video it seems you overpowered your views rather than the Dr elders view, also didn't gave clear view of the topic.
My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore. Are there really no other options for me to gain from the stock market?
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I believe this is one of the best videos from Financial Wisdom. A lot of people have trouble knowing when to sell. (Including myself) I've had many positions go from positive to negative. It seems like a simple thing to do. If you would always sell in the green and abide by your stop, (considering profitability rate and RR ratio of course) you're a profitable trader. But for some reason, it just doesn't happen that way and it's because we don't follow our plan or don't have a plan set BEFORE entering the trade. Trimming the position on the way up helps keep profit and reduce huge losses too. HAVE A PLAN AND STICK TO IT!
Well said Luis
I must say this 12-minute video is more practical than my MBA investment risk management studies.
I like your honest disagreement to Dr. Elder.
This channel is so underrated, love all of them
Thanks!
The best video I have seen to date. Literally was switching on light bulbs in my head as it played and it has made what I haven't been understanding for 3 years crystal clear...🤩 Thank you Dr Alexander Elder for the amazing analogy of Market Condition... I need to dive into his books asap.
Good luck nigel 👍
Excellent thanks
Recently becoming interested in Dr Elders book, find this video (as always previously about other authors) very useful to summarize the findings by this unusual doctor. Appreciate your work, thank you.
Once again an awesome video
Here’s a suggestion for all of you traders: let the price hit your stop loss” period.
Such useful info and so well presented. You really didn't have to put so much effort into the animations etc but I appreciate it
This channel is better than my college degree.
lol
100%
Please make video on "The life cycle trade; how to win at trading ipos and super growth stocks"
Just read the book
learn very much from your videos, thanks, keep uploading
Glad to hear that
Thank you 😊...
Much Appreciated...
You're welcome 😊
Great video, thanks for explaining exit plan which is more often overlooked
Thanks Sam
You post ,good information video sir ,thank you , i am from India ,i watch regularly your video
You are most welcome
continue to digress and add value
Thanks for the video. Please do you take off partial profits in the case where trade gors in your favour, before the final exit?
No, i'm either all in on a trade or all out. i have to be convinced, either way i'm fully commited.
Thank you so much!!! Very helpful!
You're welcome!
Love your videos!!!!
Quick!
thanks
this channel is underated
Thanks!
Enjoyed this video, this strategy suits my trading style well. Thanks for a great summary...
Glad it was helpful!🙏
SIR thank you 👍👃
Welcome 👍
Excellent video however the "sell zone" at point B was drawn with the benefit of future price action! Don't we all wish we had future knowledge to make present day decisions 😊
Very helpful summary 👍
Glad you think so!
If you only buy one author of trading, it should be Dr Alex Elder.
Yes he knows his stuff👍
Thanks
No problem
Nice job!
Thanks for the visit🙏
Thank you for your reviews and insight into the trading world
My pleasure Levi!🙏
Please make video on Richer,Wiser,Happier book summary
Nice video. The selling point in charts looks little bit like consolidation and forming a second base which could be a continuation of uptrend. So its not easy to differentiate. Thanks
Thank you for these videos. Very useful, succinct.
Gold setting up towards your buy criteria. That video is just one example to help make money from.
Glad it was helpful!
Just on Gold. The Monthly MACD is actually pointing down so we are not looking to enter for a while.
@@FinancialWisdom Oops, I was looking at weekly. Need to watch video again.
Min 4:17 ... its a signal of low price? Buy? Dont buy at high levels - rising is unlikely.
After a month of trading learning I saw your channel, interesting and useful videos, I just subscribed and watch them thanks!
Awesome, thank you!
Love your videos
Thanks Raju🙏
How to predict upcoming trending sector for trading? Plz answer 🙏
There is no need to predict, just identify when the trend is in motion.
Thank you very much, wonderful...
Welcome!
Hi should we use trailing stop loss? And how to use it properly? Thanks
I trail based on the MACD indicator personally
Thanks a lot sir!
Most welcome!🙏
I have seen in an earlier video that you are trading since more than 25 years. My question would be: do you do this as a full time job? Or is just an extra to your everyday job? How much time you spend ok screening weekly? How many positions you take to maximum? Thanks in advance.
Hi - Yes this is my full time endeavour. Perhaps 4 hours on the weekend, it used to be more but the scanner we developed has taken a lot of leg work away. up to 16 positions if the market is trending
Do you have a paper book yourself Cause I would totally buy.
Hi, not yet!.. I have a dedicated forum if that interests you🙏
www.financialwisdomtv.com/forum
How did Elder plot the envelope? Can anyone tell?
Hello, thanks for the great video. I am rather confused though. I have read 'Trading for a living, 'Come into my trading room' and 'The new trading for a living' and my entries are still a mess. He says that if you analyse the weekly chart as the tide, then your daily Force Index gives you the entry signal by dipping below 0. This makes good sense to me. However, in 'The new trading for a living' he also covers his Impulse System, which is what you're not permitted to do system and on its own also makes good sense to me. But when you try and enter a position using Force Index on daily chart, that same day is often not permitted by the Impulse system. Could you please clarify an exact criteria for an entry? Thanks in advance.
In the context of this strategy, is an uptrend defined as the 13 EMA being above the 26 EMA and is a downtrend defined as the 26 being above 13? Thank you in advance. I love the presentation of your educational TH-cam videos.
Thanks Luva. Yes that is one way of defining it, or I use the 20 week MA
New book on the market
Yes fairly new
What sell zone B, EMA 13 and EMA26 is clear sell line is not clear
Very very nice video sir 👌
I love your video's. please make video on trading book summary
Will try
Do u also have strategy for forex trading?
Not really sorry.
@@FinancialWisdom
It's Okey.. Thank you hy the way.. Very informative content..
Love it....
Looks like Elder is a systematic trend follower not a discretionary countertrend trader..hope he's figured it out
Hello Wisdom. I wonder if you could do a review of Darvas book You can still make it in the market? Kind regards and amazing vidoes
I'll take a look👍
It's funny how he sais "Price at some point snaps back to the EMA". Of course it does, but it's not because the price 'snaps back', it only is because the EMA catches up. I still get his point though.
Thanks for this recap!! What time frame is he using for this strategy with EMA 13 and 26?
HI Francis, he works with Daily and weekly it seems, with a bias towards the daily.
A man opened 2 accounts:
1. One for trading
2. The other one for investing
Over a period of time, the trading account became the investing account and the investing account became the trading account...
Hit the like button if you got it....
i like it 😁👌
This material fosters deep intellectual curiosity. A book I read with related ideas enhanced my thinking. "Mastering Money Mindfulness" by Benjamin Hawk
👍
Your PDF is very expensive for people in India. 😢
Gud morning sir.. Its been a while..🇵🇭
It has sorry🙃
@@FinancialWisdom sir, it's been 2 months now since I started my own journey.. And sad to say, all my positions are RED. 😭😭😭. One of the reason is that, we dont have stop loss application here in the 🇵🇭. I followed all ur advice and strategy. All the missing wer der is the SL. any advice??? Thank u and stay safe.. 😘😘😘
@@samrhaibeth8255 hi Samantha, when you say follow all my advice... do you mean all apart from the stop loss? We need a stop loss in all our stock positions, " cut losses, let winners run"
@@FinancialWisdom yes sir but the thing is we dont have stop loss here in the Philippines.
@@samrhaibeth8255 ok i understand, perhaps you should right the stop loss down or put into a spreadsheet and have discipline to follow it...
Liked before video started like normal
lol thanks🙏
Great production, Gareth, thanks. I'm almost tempted to go off and write an essay comparing and contrasting Dr Elder with Stan Weinstein (e.g. Force index vs. Mansfield relative strength, etc), although both use very similar principles. Out of curiosity, when Elder refers to 13 & 26 EMAs is he using a daily or weekly chart? (Based on your earlier videos, I'm now weekly charts almost exclusively.)
Hi William, He uses the EMA 13 & 26 'period' therefore he can apply to daily and weekly. 👍
@@FinancialWisdom Thanks. I'll favour the weekly for most buying decisions then.
Plz trying to make in Hindi 🙏🏽
Wait is this Swedish investor???
Nope - He does investing, I focus from a different angle - We use the same software though👍
That's Qullamagie
Please Make these all videos in hindi language
Not sure how I can?
I liked your previous trading books analysis, but in this video it seems you overpowered your views rather than the Dr elders view, also didn't gave clear view of the topic.
Fair enough
My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore. Are there really no other options for me to gain from the stock market?
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
My Breakout Scanner - bit.ly/3ea6sl8
My Forum - www.financialwisdomTV.com/forum
My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing
Edgewonk Trade Analysis Software - bit.ly/3xS6S7s
You use which editing software