When a Wyckoff trader looks at a stock chart of price and volume, one looks for foot prints of material demand and supply. The current bitcoin chart shows very significant demand prints.
Video Length: 00:13:50
..“What beat me was not having the brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favored my play.”..
..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..
..”it is better to have few stocks and to watch them carefully”…
..”It’s easier to fool people, than to convince them they have been fooled”..
..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..