A little dramatic? Maybe, but it got your attention!
I know a lot of you have investing questions so I’ll go over some here.
Some Basics:
Resistance: a level or price a stock can’t quite break through (when moving higher)
Support: a level or price a stock can’t quite break through (when moving lower)
Take VWO (Emerging markets) for example. Support is $41 and resistance is $42 here. We want to see it hold up $41 and break through $42. Buy on its break out of $42.
You can think of these “walls” as large buyers and sellers. If Warren Buffett has 50,000,000 shares for sale at $42 it will take forever to break through, but when it’s off, it’ll
Similarly, if people stop buying $41, it’ll keep going lower!
This is just an overview of one ETF. For my
https://samthesaver.com/product/etf-watch-list-9-4-2018/
Try it for yourself! Go to https://www.tradingview.com/ and try to find the resistance and support levels!
Some ETFs to try it on:
SPY, QQQ, MDY, IWM, GXC, EWJ, VGK, VWO, INDA, RSX
Some other things to take note of:
I try to hold for 1+ years, as long as it makes sense. This way capital
ETFs can be
A Roth IRA is a good place to trade individual names like AAPL.
Chart patterns to look for when investing:
Bull market – ie the good times
Bear market – ie the bad times
Reversals:
This covers some basic chart reading, the same applies for regular stocks as well! I’ll cover more on that next!
Going over when to buy, risk, reward, and an overall plan, for both buying and selling!
