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KSFM E10 Which Type of Trader Are You? 5/8/2020
Today the guys talk about the stock market going up despite the pandemic and how it’s been impacting their investing strategy. Can you bet against tech companies right now? And how do you learn how to trade stocks? We discuss what helped us progress and improve over the years.
This week has shown another growth phase by the top NASDAQ stocks which are lifting the market, like Facebook, Apple, and Microsoft. Even Twilio went up significantly after they beat their earnings. Patrick talks about adjusting his strategy and not betting against the tech trend short term.
You don’t become an expert trader overnight, and each investor has their weaknesses. It’s important to keep learning so we discuss some of the ways to learn and improve stock trading, from courses to mentorship and our little mastermind group.
The stock market changes quickly and people often ask us how we stay up to date with the market. The guys agree that it’s easier to stick to a routine and dedicate a little time each day keeping up with the news and analyzing if there are adjustments that need to be made in your portfolio.
In a really exciting segment, Max gives us a preview of his upcoming book! He discusses the 3 different types of traders and helps you figure out which one suits your personality better. All 3 can be successful but it needs to match your personality and your goals. Which one are you, the delta trader going for big plays, theta trader looking for consistent small base hits, or the contrarian vega trader that knows that you can always count on volatility to go up and down?
In the close, we discuss being proactive vs reactive in trades and using the charts to confirm a movement before making a big decision. But at the same time, how do you avoid going in too early or missing the opportunity entirely?
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By Patrick Desjardins
5
22 ratings
Today the guys talk about the stock market going up despite the pandemic and how it’s been impacting their investing strategy. Can you bet against tech companies right now? And how do you learn how to trade stocks? We discuss what helped us progress and improve over the years.
This week has shown another growth phase by the top NASDAQ stocks which are lifting the market, like Facebook, Apple, and Microsoft. Even Twilio went up significantly after they beat their earnings. Patrick talks about adjusting his strategy and not betting against the tech trend short term.
You don’t become an expert trader overnight, and each investor has their weaknesses. It’s important to keep learning so we discuss some of the ways to learn and improve stock trading, from courses to mentorship and our little mastermind group.
The stock market changes quickly and people often ask us how we stay up to date with the market. The guys agree that it’s easier to stick to a routine and dedicate a little time each day keeping up with the news and analyzing if there are adjustments that need to be made in your portfolio.
In a really exciting segment, Max gives us a preview of his upcoming book! He discusses the 3 different types of traders and helps you figure out which one suits your personality better. All 3 can be successful but it needs to match your personality and your goals. Which one are you, the delta trader going for big plays, theta trader looking for consistent small base hits, or the contrarian vega trader that knows that you can always count on volatility to go up and down?
In the close, we discuss being proactive vs reactive in trades and using the charts to confirm a movement before making a big decision. But at the same time, how do you avoid going in too early or missing the opportunity entirely?