Ep 146 - Essential Day Trading Variables Part 3: Coronavirus & Sector Momentum
SteadyTrade
SteadyTrade.com
4.6 • 589 Ratings
🗓️ 5 May 2020
⏱️ 31 minutes
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| 0:00.0 | Who are the buyers of those stocks? |
| 0:03.0 | People who believe the news, which I'd recommend no one ever does. |
| 0:07.0 | And in a lot of momentum traders, so like it's like your self-fulfilling prophecy that if you know that the coronavirus sector is hot because people are dying and there's nothing more important than lives, then everyone |
| 0:22.6 | thinks that other people will buy companies if there's a valid reason, even if the company's |
| 0:29.1 | like lying. So then when enough people think that other people are going to buy, they will |
| 0:33.4 | buy based on the fact that other people will buy when it rises, even a few percent. |
| 0:40.6 | And then it becomes a self-fulfilling prophecy. |
| 0:46.2 | 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 process, the lessons they've |
| 1:13.8 | learned, and discuss how all traders can level up their trading careers. |
| 1:22.0 | Welcome to the Steady Trade podcast. |
| 1:24.5 | We are back, Gevan Stonson and Ann Curtin, Kim, |
| 1:29.8 | just saying things back to front. |
| 1:31.6 | Steven Stinson, Stephen Johnson, |
| 1:33.3 | Ann Curtin, Kim, Kim, Ann Curtin. |
| 1:35.2 | On Steady Trade Live, discussing hot sectors. |
| 1:38.6 | There's been no more relevant time, really, to do this |
| 1:41.4 | simply because of coronavirus, |
| 1:44.0 | and we're in a really kind of crazy period |
... |
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