The Unconstrained Podcast

The Bubba Show - 04.09.15


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DONT GET PARALYSIS BY ANALYSIS!Bubba talks about how he views a market before he makes a trade. He uses Facebook as an example. He then shows a chart of First Solar and how it is trading in a narrow range. He then shifts his attention to Gilead and how the stock has been moving down. He points out that once a stock violates some price levels you must adjust your view of the market. He finishes the segment by commenting on a trade in Gold.Bubba shows a chart that is making a double bottom. He shows the listeners where he would make a buy and where he would sell it. He talks about GoPro and how he would handle a breakout to the upside should be traded. He shows how Halliburton has traded in the past month and where he bought it in an ''ascending triangle''. He believes that the stock will go higher but tells the listeners how to defend against a sudden move to the downside.Bubba answers a student's question concerning the weight of volume in his decision to make a trade. He tells the student that volume is always important, as it gives you an extra clue as to the true direction of the market. Bubba answers a students question on his buy at Google at a double bottom. He compliments him on the trade and tells him that win or lose it was a very good trade.Bubba comments on the use of technical indicators and cautions students not to put too much weight on any of them. He talks about ''paralysis by analysis'' and how too much information can create a very bad problem. He notes that there is no magic bullet that produces profits and successful traders adopt a game plan and stick to it. Trading is hard work.
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The Unconstrained PodcastBy [email protected] (Myles Wakeham)