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Cliff Notes: TECHNICAL ANALYST & RULES TO INVESTING WITH PETER TUCHMAN · Earn Your Leisure

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  Speaker 2: Let me ask you this, So let's get into some
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  Speaker 2: mea and potatoes technical analysis. Right, you talk about technical analysis.
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  Speaker 2: What are some of your favorite indicators and what is
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  Speaker 2: your overall thoughts on technical analysiscause a lot of time
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  Speaker 2: people say that technical analysis is overrated or some people
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  Speaker 2: only use technical analysis. So what's your thoughts on technical
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  Speaker 2: analysis and how do you use technical analysis?
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  Speaker 3: Okay, so at this point I need to call on
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  Speaker 3: my partner, David Green. So I'm the motivator and the
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  Speaker 3: motive moderator and motivator in chief. David Green, I met
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  Speaker 3: here in nineteen eighty five. Who's my mentor my friend?
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  Speaker 3: My teacher is a master technical analyst, he's my partner
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  Speaker 3: in Wall Street Goldber Trading Academy. He's taught tens of
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  Speaker 3: thousands of people over the years. He runs a live
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  Speaker 3: chat room called the Green Room Live. He he's the analyst.
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  Speaker 3: He's taught me everything. So I'm not a technical analyst.
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  Speaker 3: He is, and he's my teacher. He's my go to
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  Speaker 3: and so a lot of look, we didn't invent it,
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  Speaker 3: a lot of people use it, some people like it,
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  Speaker 3: some people don't. Some people fill their screens, you know,
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  Speaker 3: with so many different signals that it looks like Eric
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  Speaker 3: Traffick control on nine to eleven, right, and that's not
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  Speaker 3: going to help anybody out. So and people ask us,
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  Speaker 3: why does David use what he uses?
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  Speaker 4: Because it works? Okay, that's what you want to know.
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  Speaker 3: You want to go to someone who's doing it successfully
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  Speaker 3: and say, I want to do what you're doing.
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  Speaker 4: How do you teach me how to do it? What
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  Speaker 4: do I do?
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  Speaker 3: So what we do is we use the emas the
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  Speaker 3: exponential moving averages.
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  Speaker 4: Everyone uses different ones.
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  Speaker 3: We use the nine, the fifteen, the thirty, the sixty five,
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  Speaker 3: and the two. The two hundred is the wall of
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  Speaker 3: China right. The farther away you use a moving average.
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  Speaker 3: The stronger the indicator is that the stock is going
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  Speaker 3: to stop going down and start going up, or stop
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  Speaker 3: going up and go down.
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  Speaker 4: We use what's called pivot points.
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  Speaker 3: I don't need to go into the explanation if you
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  Speaker 3: use think or swim or any of the other platforms.
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  Speaker 3: A pivot point is a is a formula. It's a
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  Speaker 3: formula that's figured out. It's way beyond me. I know,
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  Speaker 3: I look like Einstein. I'm not that freaking smart, okay.
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  Speaker 3: And then we use the RSI, which is a relative
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  Speaker 3: strength index that signifies overbought or over sold conditions. Then
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  Speaker 3: we teach about five particular trades in the end that
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  Speaker 3: we use for technical analysis. So there's a trend trade. Sorry,
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  Speaker 3: there's a trend trade. What's a trend trade? The trend
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  Speaker 3: is your friend. It's an old Wall Street adage. It's
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  Speaker 3: when a stock is going up like this. But that's
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  Speaker 3: not enough of a reason to get into a trend,
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  Speaker 3: A trend a trend trade.
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  Speaker 4: There are rules for each of these trades.
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  Speaker 3: Trend trade, moving average trade, far from moving average trade,
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  Speaker 3: double top, double bottom, and a swing trade.
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  Speaker 4: Those are the we want to keep it simple. That's
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  Speaker 4: all you need This isn't hard. It's it's hard, but
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  Speaker 4: it's simple, simple, yeah, and difficult. It's to do it correctly. Everything,
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  Speaker 4: it's everything. Okay.
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  Speaker 3: So those are the five trades, and each trade has
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  Speaker 3: a criteria that is necessary to be fulfilled to get
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  Speaker 3: into the trade. As I said, hope and for more
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  Speaker 3: or not reasons to get into a trade. Uncle Herbie
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  Speaker 3: telling you to buy it is not an excuse. Watching
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  Speaker 3: Wall Street bets and Reddit that trains left the station.
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  Speaker 3: There are a million of pump and dumpers out there.
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  Speaker 3: Jordan Baalford used to work right out of this place.
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  Speaker 3: Still a criminal, always a criminal. Tell him to call
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  Speaker 3: me if he's got a problem with that.
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  Speaker 4: Okay. All the smoke, all the smoke.
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  Speaker 3: He hasn't even paid back. He paid back thirty million
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  Speaker 3: to three hundred million. He stole anyway, end of that story.
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  Speaker 4: Okay. So those are the trades.
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  Speaker 3: Now, it's super important that each trade so you can
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  Speaker 3: have one criteria fulfilled.
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  Speaker 4: The market.
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  Speaker 3: The dynamics of the market are fascinating. This market goes
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  Speaker 3: up and down a thousand points. We can be in
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  Speaker 3: a bear market used to be generational. It took twenty
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  Speaker 3: five years, yeah for a bull or a bear market.
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  Speaker 3: Last two weeks ago, at eleven in the morning, we
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  Speaker 3: were in bear market and at three in the afternoon
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  Speaker 3: we were in a bull market. Right, Okay, well that's insane.
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  Speaker 3: The terminology must be reevaluated.
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  Speaker 4: Right.
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  Speaker 3: You can't have a market that's down eighteen hundred points
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  Speaker 3: at noon up a thousand points at four and think
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  Speaker 3: you can use terminology that was used in the thirties
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  Speaker 3: That's why I keep saying I got the no recession
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  Speaker 3: involve the labor force massive layoffs.
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  Speaker 4: Right.
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  Speaker 3: I know that media loves the pump stories to get
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  Speaker 3: people all wrapped up and stuffed. I'm a cup half
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  Speaker 3: full person. I want to empower people to be confident,
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  Speaker 3: not scare the shit out of people. Okay, so those
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  Speaker 3: are the technical analysis trades. There are criteria for each
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  Speaker 3: one of those trades, right, So a trend trade, just
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  Speaker 3: for an example, if you need to understand more. We
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  Speaker 3: can go we can go into depth. The course is
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  Speaker 3: really fun, it's accessible, it's twenty one videos, nine hours.
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  Speaker 3: It teaches you everything you don't need. You can know
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  Speaker 3: nothing from a stock to a stock to a stock.
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  Speaker 3: You can learn how to trade the market, but you
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  Speaker 3: need to follow the rules. You have to realize the
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  Speaker 3: psychology of trading is devastating. Right, You're always thinking, you
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  Speaker 3: got diamond hands. It's got to go up. It can't
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  Speaker 3: go down anymore. I mean the things that the mistakes
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  Speaker 3: people make are all the same.
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  Speaker 4: Okay.
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  Speaker 3: A trend trade fascinating trade. So you think, oh, it's
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  Speaker 3: going up. It's oh, I got to just buy it
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  Speaker 3: because it's going up, not necessarily, because the stock can
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  Speaker 3: turn and go down just as quick as it goes up.
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  Speaker 4: A trend trade.
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  Speaker 3: Definition of a trend trade is when a stock is
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  Speaker 3: going up and it pulls back to the nine of
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  Speaker 3: the fifteen.
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  Speaker 4: Am A.
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  Speaker 3: You're a technician, so it's got to pull back to
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  Speaker 3: a level of support, goes to the nine of the fifteen.
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  Speaker 3: You buy it, and it's going to continue to go up,
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  Speaker 3: and you stay in that trade until the trend breaks.
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  Speaker 3: You use stop orders every time you get into a trade. Okay,
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  Speaker 3: A moving average trade is another kind of a trade.
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  Speaker 3: A swing far from moving average trade is when a
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  Speaker 3: stock's gone is a two dollars from the last moving average,
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  Speaker 3: it's gone up three days in a row, and it
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  Speaker 3: has an RSI of twenty or eighty.
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  Speaker 4: All three criteria must be reached.
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  Speaker 3: Okay, if not, it just if it's up three days
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  Speaker 3: in a row, that doesn't mean there's a trade because
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  Speaker 3: the RSI has to.
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  Speaker 4: Be above eighty or below twenty.
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  Speaker 3: It can go up another three days without the rs
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  Speaker 3: science you started selling it there on a reversal swing trade,
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  Speaker 3: and you're going to be nine dollars out of the
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  Speaker 3: money before.
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  Speaker 4: You get into the trade.
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  Speaker 3: So that's just an example of technical analysis. Is the
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  Speaker 3: history of charting to try and identify the way stocks
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  Speaker 3: have mood historically, all the more important in a market
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  Speaker 3: where a stock can go up.
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  Speaker 4: Look at what we see here these days.
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  Speaker 3: Earnings come out, Earnings were great. Stuff goes down fifty dollars,
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  Speaker 3: Earnings were good, God was good. It goes down fifty dollars, right,
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  Speaker 3: it goes up twenty and down fifty. I mean that
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  Speaker 3: risk portfolio, that volatility you know, I don't know. Most
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  Speaker 3: people's risk profile is not a fifty dollars move in
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  Speaker 3: a stock. So you need to understand that in a
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  Speaker 3: market that goes up and down thousands of points, risk management,
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  Speaker 3: money management, order management, everyone can get into a stock.
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  Speaker 3: Everybody hit a buy order. It's a matter of what
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  Speaker 3: you do once you're in the buy order. You get
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  Speaker 3: into a buy order or a short order. You put
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  Speaker 3: in a stop order, down or up one percent the
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  Speaker 3: minute you make fifty cents on that trade. And I
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  Speaker 3: know people think, oh, I want to buy, I want
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  Speaker 3: to make a dollar, I want to make five dollars.
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  Speaker 4: It's greed will kill you. I know. Gordon Geko said
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  Speaker 4: greed is good in this market. Greed will kill you.
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  Speaker 3: So you have to understand the psychology super important. There's
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  Speaker 3: nobody in that trading room telling you what to do.
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  Speaker 3: So what we teach the psychology of trading is the
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  Speaker 3: most important part of day trading to be successful because
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  Speaker 3: we are all the same.
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  Speaker 4: I make the same mistake.
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  Speaker 3: All look at that. I'm a freaking genius. I got
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  Speaker 3: diamond hands. It can't go down. Ah right, You buy
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  Speaker 3: a stock or your shortest stock. Because technical analysis told
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  Speaker 3: you to do it. There's only one reason to buy
• 10:20
  Speaker 3: a stock price action and technical analysis told you to
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  Speaker 3: do it right. It isn't because any of the reasons.
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  Speaker 3: There are nine reasons you know, there are a thousand
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  Speaker 3: reasons not right. There are thousands mistake. There's nine reasons
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  Speaker 3: why you shouldn't or buy it or shorted. One reason
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  Speaker 3: too because it sets up technically.
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