Great Scott! Today was one heck of a great day for trading!
Oh wait, let me rephrase..
For a serious investor, today was a terrific day.
Now, for those individuals who rides the emotional roller-coaster of ups and downs, then today wasn't too good for you. you know what I mean, right?
On a green day, it's all 'WHOO HOO' and on a red day its, 'Oh man, not looking so good'.
You see, in order to for use to have a major run up, we need red days as well. Right now, we don't want the RSI to be too high, and seeing its at around 50 right now, that's very good.
Example 1:
Our whole life, from childhood, we're taught RED means stop, don't touch, danger, fire, etc.
Our whole life, from childhood, we're taught GREEN means earth, nature, go, safety, etc.
So, when we grow up, its only natural for us to think that a 'red' day is bad. It's not our fault, really. It's simply what we're taught. To be an investor, you need to step out of that comfortable box and be ready to accept red days as 'necessary'. It's the nay-sayers who try to bring you back to your childhood fears that 'red is always bad'. Nice people, right?
Example 2:
Notice how our brains have a difficult time accepting the example below:
STOP!
GO!
Also, theres much more to investing than closing red and closing green.
let me explain..
Below is the monthly chart for SCIE:
If your initial reaction is, "crap, we closed red", then maybe investing isn't your forte.
If your initial reaction is, "Cool! We're higher than last week!" then youre 99 steps ahead of the everyone else.
You see, hidden in that red bar is also this information :
if you don't know what this stuff means, and you want to be a serious investor, how come you haven't researched these terms yet? GO GO GO!
And so, this post is pretty much trying to get serious investors to understand that there is MUCH MORE to investing than the color of the bar at the end of the day. Red days are absolutely required in order for future days to be green .
Do you realize the last time we crossed the MA line was back in November 2015??
Let's pull out the Price Channel indicator from our trusty DD toolbox..
Let's clear out those annoying simple moving average lines, and replace them with pretty blue Price Channels. ( do DD do see how these work). See image below..
Price Channels are great indicators, but only for certain things. You don't really want to use them to figure out if SCIE was overbought or oversold (although you can, I don't). For that, youd use another indicator.
Read this if you dare:
Price Channels are great for possible changes in trends and that, my fellow DD'er, is what I believe todays chart showed us. "But IT CLOSED RED TODAY!", you might still be screaming. Yes yes, I know its difficult to shed those beliefs that 'red is bad' and 'green is good', but you have to try if youre serious about learning about investing. In the long run, red days are good too, as long as they follow a TREND. And so far, this chart is showing a lot of trends starting to form.
And as you can see in the above graph, todays close was in the upper channel; and that's great because it takes a LOT of effort to push it up that high, even though we closed red. Get it? YAY!
Good job today to all the serious investors.
Oh wait, let me rephrase..
For a serious investor, today was a terrific day.
Now, for those individuals who rides the emotional roller-coaster of ups and downs, then today wasn't too good for you. you know what I mean, right?
On a green day, it's all 'WHOO HOO' and on a red day its, 'Oh man, not looking so good'.
You see, in order to for use to have a major run up, we need red days as well. Right now, we don't want the RSI to be too high, and seeing its at around 50 right now, that's very good.
Example 1:
Our whole life, from childhood, we're taught RED means stop, don't touch, danger, fire, etc.
Our whole life, from childhood, we're taught GREEN means earth, nature, go, safety, etc.
So, when we grow up, its only natural for us to think that a 'red' day is bad. It's not our fault, really. It's simply what we're taught. To be an investor, you need to step out of that comfortable box and be ready to accept red days as 'necessary'. It's the nay-sayers who try to bring you back to your childhood fears that 'red is always bad'. Nice people, right?
Example 2:
Notice how our brains have a difficult time accepting the example below:
STOP!
GO!
Also, theres much more to investing than closing red and closing green.
let me explain..
Below is the monthly chart for SCIE:
If your initial reaction is, "crap, we closed red", then maybe investing isn't your forte.
If your initial reaction is, "Cool! We're higher than last week!" then youre 99 steps ahead of the everyone else.
You see, hidden in that red bar is also this information :
if you don't know what this stuff means, and you want to be a serious investor, how come you haven't researched these terms yet? GO GO GO!
Quote:Strong Volume Gainers
Moved Above Upper Bollinger Band
Moved Above Upper Price Channel
New CCI Buy Signals
And so, this post is pretty much trying to get serious investors to understand that there is MUCH MORE to investing than the color of the bar at the end of the day. Red days are absolutely required in order for future days to be green .
Do you realize the last time we crossed the MA line was back in November 2015??
Let's pull out the Price Channel indicator from our trusty DD toolbox..
Let's clear out those annoying simple moving average lines, and replace them with pretty blue Price Channels. ( do DD do see how these work). See image below..
Price Channels are great indicators, but only for certain things. You don't really want to use them to figure out if SCIE was overbought or oversold (although you can, I don't). For that, youd use another indicator.
Read this if you dare:
Quote:Price Channels are lines set above and below the price of a security. The upper channel is set at the x-period high and the lower channel is set at the x-period low. For a 20-day Price Channel, the upper channel would equal the 20-day high and the lower channel would equal the 20-day low. The dotted centerline is the midpoint between the two channel lines. Price Channels can be used to identify upward thrusts that signal the start of an uptrend or downward plunges that signal the start of a downtrend. Price Channels can also be used to identify overbought or oversold levels within a bigger downtrend or uptrend.
Price Channels are great for possible changes in trends and that, my fellow DD'er, is what I believe todays chart showed us. "But IT CLOSED RED TODAY!", you might still be screaming. Yes yes, I know its difficult to shed those beliefs that 'red is bad' and 'green is good', but you have to try if youre serious about learning about investing. In the long run, red days are good too, as long as they follow a TREND. And so far, this chart is showing a lot of trends starting to form.
And as you can see in the above graph, todays close was in the upper channel; and that's great because it takes a LOT of effort to push it up that high, even though we closed red. Get it? YAY!
Good job today to all the serious investors.
1
SpectraSCIENCE Inc. (SCIE) Stock Research Links
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As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
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Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
