STAN WEINSTEIN - Knowing When To Sell (Bull and Bear Markets)
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- Опубліковано 18 чер 2024
- STAN WEINSTEIN - Professional Stock Trader - Teaches us position management and knowing when to sell your stock.
Having previously covered Stan Weinstein's book Secrets for Profiting in Bull an Bear Markets, this review we focus on when to sell stocks, shorting stocks, and recap his stage analysis theory.
Stan emphasises the need to have objective reasoning to sell your positions (through technical analysis), keep your trading strategy as mechanical and emotionless as possible.
Arguably one of the best stock trading books available.
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As a professional trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring traders by providing the key information in a concise and enjoyable manner.
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2020 was all about survival with many achievements not met but you have to be ready for 2021 and it begins right now by making a move to achieve your goals…If you have been saving and it’s not really getting you to were you want to be, then invest that money today for a better life tomorrow. If you can’t fly, run, if you can’t run walk, if you can’t walk crawl but just try and move to achieving your goals..
I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn’t mean security rather having different investments is the real deal… So l really appreciate your transparency
@@kelvinfred6664 I totally agree with you, it’s been an eye opening experience for a lot of people
Nice video , I just discovered that bitcoin trading is now one of the fastest way to make money online…it’s really a life changer
Bitcoin trading is really a life changer, I couldn’t believe it could be so profiting urge.
Does investing require you be up to certain age?
This Stan Weinteins book is somehow more impactful than many other popular books. It just opens your eyes.
Yes its a great book👍
Absolutely
I really do love your videos. and that is an understatement.
thank you
You are very welcome
Many thanks for making this video. Your presentation makes stock trading strategy seem logical for me. Many things to learn and many thanks to you.
Glad it was helpful!
Another masterpiece.....!!!....Thanks for the video!!
Thanks again!
I believe psychology and selling are the 2 most important and sometimes, most difficult skills in trading from what I have experienced. Your channel is 🔥🔥🔥 as always!
Thank J.Michael 🙏
A big Thank to you, your chanel has made me interested in trading stock ( prior to this have been more looking to value investing). Very good content in all your videos.
Great to hear!
Thank you very much, great video again.
My pleasure!
Top quality video. I am a professional in a very well known asset management firm and believe I still learn so much from your videos . Keep it up.
Thanks Chanel!🙏
Many thanks Gareth. Useful thoughts on a thorny topic.
Thanks William
Indeed this sell strategy is so important. Tks
It is!
Many thanks, excellent summary of a very important part of a legends work.👍👍👍
Glad you enjoyed it
Thanks again 😊 for quality book summary
My pleasure 😊
Great explication, Thanks
Mamoun
You are welcome
A Great book, you have done justice by creating geat summary, I really appreciate you. I first heard Weinstein from your channel and now this book is my favorite book. In my country Nepal our stock exchange is similar to of New York stock exchange of of 1980s so I find it very useful.and again Thank you!!!
Wonderful!🙏
Good information! More videos on this topic will be helpful. Thanks
You got it!
I understand the strategy of S.W.fully. Incidentally, I had reviewed the first part a few hours ago. I believe that it is one the of the appropriate method in the time of algos. Hopefully, I will be succesful in implementation too. Great! Thanks sharing with us.
Thanks, Good luck Alper🙏
This is the best selling skills what I am looking for long time. Many thanks!!!!
You're very welcome!
Such a helpful video. More power to your channel! :)
Thank you so much!
Nicely explained ..keep posting...
Sure 👍
very good summery your videos are ver helpfull
Glad you like them!
Many thanks for making this video. Stan is a legend (my favourite trading book, nice and simple strategy without unnecessary complication).
Hi Chris, Glad it was helpful!... I tend to agree with you.
Bro... Can we use this in intraday charts 3 or 5 min? I have noticed price behaves similarly across all the timeframes
@@abhisekmitra2924 Yep, the only thing is you better make sure you have a stable internet connection because 5 minutes offline when day trading can cost you big time.
great thank you!
You're welcome!
I m very glad & happy and very very thank full to sir 🙏
Most welcome🙏
Another gold video.. thanks a lot
Glad you enjoyed it!
sound advice!
Thank you
Welcome!
Very very nice video sir 👌
I love your video
Thanks and welcome🙏
Great video, as always :)
Does Stan has rules when it comes to FA?
Awesome explaination..👍..the problem with trailing with a moving average that too 32 week MA, is first it is slow & hence to identify if it is sloping or has platateued in early stages is pretty late..any improvisation on this..
Thank you for all these gold nuggets.
Here is a suggestion of a great book : The Buy Side: A Wall Street Trader's Tale of Spectacular Excess By Turney Duff
Best of success for the new year
Great suggestion!
love your channel!!!
could you possibly add Markets in Profile by Dalton, and Mind Over Markets by Wiley???
that would be AMAZING. love these books, as well as other MP enthusiasts
I will add to the list 👍
Looking at a chart like STE, which has broken sup. of its 200-day MA, I muse whether Stan would've immed. sold all shares or perhaps scaled out till another confirm. signal. I've not read the book yet years ago read of its bearing w. traders.
Can I ask why on the case XYZ the stop loss point set at the bottom of support line 17.7/8, but on the case skycorp line, the stop loss point set at the price just under the buy price, not at the bottom of support line which is around 15? Thanks you very much
Does he buy on the weekly chart and sell on the daily? Also is 30 week ma equivalent to 200 ma or 150 ma on the daily chart?
Does price follow the same structure in every timeframe? If I want to use this in 3 or 5 min for Intraday?
8:34 the chart shows how he adjusts the stop losses in the way down using the EMA but point G crosses the EMA. Wouldn't that stop you out? How would you get back in the trade mechanically?
Isn't it easier to just follow the EMA and set alerts for when it closes after crossing the EMA?
This is the same question I had in my mind. With point G it breaks the EMA and also the last High. I fin no reason why not stopped out there. Re-entry might be possible but IMHO there is now way that you took the whole short move with only one trade.
Great video thanks. Just a question about stops. Does stan sell a stock if it goes below his stop level in an intra-day chart or he waits for the day close?
Good question, I would have assumed the moment it crosses.....
Nice video again! Only thr thing i do not understand in this book if stan is using sma wma or ema? Anybody have any information? There are some discussions on web as well
hmmm need to check, think it was sma
Financial Wisdom, thanks for this video. do you recommend to use the same 30 wk MA in todays markets (2021) or do you feel another one is more useful. Thanks in advance
Hi - Prefer 20 week MA for an holistic view
Back testing would answer that very well. All the best!
We follow this rule
Good to hear👍
Waiting and hoping forthe market wizard series summary. TIA
Noted Edel👍
Hey Bro, Great Content! Just Subscribed, going to watch more of your videos :)
I wanted to know one thing, what's the average RPM of your UA-cam channel?
Hi Karan, thanks... my rpm is about $9
@@FinancialWisdom Anytime. So the CPM will be around $20.00 Am I correct here? 😁
Yep hovers around 20 cpm
Please make video on book 'Trade about to happen'
Noted...👍
One difference between O'Neil and Weinstein is O'Neil wants a prior uptrend before buying where as Weinstein wants to buy at the first breakout
Quite right, O'neil is almost midway through stage two, whereas Weinstein attempts all the move..
@@FinancialWisdom would it be useful to wait for the first correct then when price crosses and closes over a 10 day MA, you buy and set stop under recent low, then follow Stans system. This way you arent chasing.
O’Neil is chart pattern breakout to avoid overhead resistance. Weinstein entry point may have more upside potential but also more reversals due to the overhead resistance.
@@bennyc9265 how so re weinstein friend? The way I interpreted his book is that he also buys on the breakout with volume. Also to anyone reading this, when does weinstein buy? At the close of the weekly candle (Friday afternoon) or the open on Monday)? Or is it on a price trigger?
@@rhinofren7707 Back testing would answer that question. All the best!
Is Stan talking about the 30 week moving average on the daily chart or weekly?
Hi George, 30 week on the weekly chart
@@FinancialWisdom when the 30WMA begins to plateau, i wonder if it is better to switch to daily chart and use 150WMA, whilst applying same principles of where to position the stop loss?
Sir .. can this technique be applied for long term investments ??... Sometimes long term investment stocks with good fundamentals pause and dip below 30WEEK MA .. what should we do then .. exit or Hold and continue?
Pleasee reply
Hi - absolutely, no need to hold, you can always get back in when (if) it crosses back up... why take the risk
Please upload all the lesson of the book of stan weinstein
Hi Mark,
Two videos uploaded to date.👍
The book is cheap and easy to read. Just buy it. I own it myself.
my question is, how we know that a some level as stage four?
By the moving average and price action.
What time frame did he use for entry ? Daily or weekly ?
He used weekly
so are we at the end of stage 4 and now at the beginning of stage 1 that is buy.
I would like to think we are not far off stage 1 but we need price yo move up above the averages to confirm
Good morning. I was just looking at my trading journal. My top was prior to Feb 24th. I knew about the virus but I was over confident. Few deaths in China in Jan news didn’t faze the market. But when it hit Italy and we had true numbers-blood Bath Feb 24th. I so wish I can have taken my money out. Uggg
HI Chewie, check your positions against Stan's sell criteria and let us know if it would have saved you?
One
Which software use by u sir pls tell me.....i need this type software pls
Hi - Videoscribe
@@FinancialWisdom thank q soooo much sir
Good afternoon sir
Same to you
Sir was it 30 week MA or 30 Day MA?
hi david, week
I m a primary government teacher....its very help full in teaching ..pls tell me 🙏
All the best
If I remember correctly, Stan's book seemed great but I thought I looked him up and found that his service went bust for losing trades so his method didn't really work.
Interesting!
Is hair is more impressive then his returns
I am from India sir...I love all financial wisdom video sir 😍😍😍😍👩🎤👩🎤👩🎤👩🎤
Great to hear Ankita🙏
@@FinancialWisdom 😍🙏 sir
Stan Weinstein is an easier and no fundamental o neil
My sentiment exactly..
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