The stock market can be wildly unpredictable but understanding patterns and algorithms can help any investor make better financial decisions. It can also be beneficial when understanding when it is better to invest or trade, when to make a move in your portfolio, and the best strategies to implement. Anne-Marie Baiynd, Chief technical strategist and CEO at thetradingbook.com, and author of The Trading Book, is known as the worlds’ most successful trader and has professional insight on todays’ market. If you’re interested in learning how to strategize trading, tune into this episode of Better Money Decisions with Kate Stalter.Â
Show Highlights:Â
- What long term investors can learn from tradingÂ
- The patience that comes with looking forwardÂ
- How to be more strategicÂ
- The importance of simplicityÂ
- Price and volume actionÂ
- Balancing why and evaluating patternsÂ
- Broadening perspectiveÂ
- How to discern between short-term and long-term market movementsÂ
- Comparing and contrasting past market crashes to nowÂ
- Foreign loans and debtÂ
- Collateralized debtÂ
- Why a current defensive posture is necessaryÂ
- Managing emotions around downturnsÂ
- Creating a trading journal
- Evaluating and engaging with our why’sÂ
Resources:Â
The Trading Book: https://thetradingbook.com/TTB/Â
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