Richard Haber part 1: Notes
Weekend learning with @RichardMoglen
Click & stick
Bill was the ultimate teacher
Stay +ve & follow the rules
Don't keep being right or wrong
Keep ego out of the process
Books:
1. Trading in the zone:Mark Douglas
Link:
2/
Your last trade has 0 correction with ur next trade.
Cutting ur loses early.
2. Reminiscences of stock operator
3. The Alchemist
4. Darvas
5. Stan Weinstein
Lessons learnt:
1. Watch the leaders:
Health & breadth of leadership
How healthy leadership look loke
3/
At what stages of the market
Rotation going in: super defensive, flight to safety
Something that is related to bull market
How many stocks could fall apart
Nothing to buy: something is wrong
2. Going back and looking wht u have done right or wrong.
4/
If CANLSIM doesn't work, u r doing it wrong.
Lowest risk-highest reward possible: optimal entry.
Keep track of leaders of leading group.
Alerts for pivot point & early points.
Sneak in early:
1. 2 hrs gone & vols r >148%
2. Stock approaching pivot
5/
3. Not whole lot of resistance
4. Great vols
5. Group is good
6. Market smooth
Catch it !
Take Bill's system and make it your own.
****The end****
Name correction: Its Ross Haber !
@RichardMoglen interviewed him.
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