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SteadyTrade

Ep 141 - SteadyTrade Book Club📚 - "Technical Analysis Using Multiple Timeframes" w/ Author Brian Shannon

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6 • 589 Ratings

🗓️ 31 March 2020

⏱️ 50 minutes

🧾️ Download transcript

Summary

It’s time for another installment of the SteadyTrade Book Club! This month, the whole crew — Tim Bohen, Stephen Johnson, and Kim Ann Curtin — are discussing one of Tim’s picks: “Technical Analysis Using Multiple Timeframes” by Brian Shannon. If that title doesn’t get you all hot and bothered, nothing will! But this episode’s extra-special: the author is joining the team as part of the discussion! Don’t miss the previous book club episodes here, here, and here. Find the full schedule and...

Transcript

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0:00.0

There's one quote out there that I love.

0:04.3

I don't know who came up with it, but the market sinks to the collective psychology of the market

0:09.7

sinks to the level of the dumbest participant.

0:13.1

And you look at it and say, who buys SPCE from Tim yesterday at $35 a share when he just bought it at 28 on Friday.

0:22.7

Who are these people buying up here?

0:25.2

Where do they come from?

0:26.7

Where do they keep coming up with money?

0:29.0

But it's the emotional aspect.

0:31.2

And if you try too hard to put logic, my wife says this, I shouldn't say this about my kids sometimes when they annoy me.

0:41.4

You know, don't try to apply logic where none exists.

0:46.3

You're listening to the Steady Trade podcast.

0:50.8

A podcast that inspires traders to make meaningful strides and pursue their passions.

0:57.1

Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro, Kim Ann Curtin, the Wall

1:03.2

Street coach, and Stephen Johnson, the up-and-coming trader who's always willing to learn.

1:08.9

Together, we'll sit down with experts to talk about their

1:11.7

process, the lessons they've learned, and discuss how all traders can level up their trading

1:17.4

careers. All right, welcome back to the Steady Trade podcast. We are continuing the book club.

1:29.6

You know, I, everyone knows that listens to the podcast.

1:33.6

You know, Kim and I are both avid readers.

1:36.6

Stephen reads a comic book from time to time, but he has read some trading books.

1:42.1

But, you know, one of the questions I get the most, because, you know,

1:46.1

I post a lot of links to books and stuff like that. So people are always like, hey, what's your,

...

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