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#Chapter2 : Trend Trading .

Traders first priority is to take a trade basis the trend. Trend in simple terms means, following the direction of the Market.

Which also means, being with the forces who create the direction, who drive the prices, who move the market, SmartMoney.
What is Smart Money ?

Traders Small or Big who buy or sell in large quantities and have the money power to play with prices by buying or selling at important price points.

They decide if the Price is Undervalued for a Buying Opportunity or Over Valued for Selling Opportunity.
As the Buying or Selling happens in Bulk, their Profitability depends on How far they can push the price, so that they can cover whole of their orders with out loosing much.

They have the power to hold positions and keep rolling it over for Years or Decades if they decide to do.
Read 73 tweets
#Chart #EXTRAVAGANZA

Please read the whole thread - will start posting now...but eating dinner so will take a while to get the 30 to 40 tweets done

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Given the two crashes in one year and the recent #FANG blow up...how much cash do you think Mutual Funds are holding? How about the lowest ever!

More over their allocations to Stocks remain among the highest ever.

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And how are those stock/equity investments postured?

We’ll very precariously as #NYSE and #Nasdaq #Composite show...completely stopped at major resistance...not only that there is the breadth question which we will address later and is terrible

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Read 38 tweets

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