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Ep 146 - Essential Day Trading Variables Part 3: Coronavirus & Sector Momentum

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 5 May 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

Some like it hot! And by “some” we mean traders, and by “hot” we mean sectors. Not sure what a hot sector is, exactly? This is the episode for you. In our continuing series on essential day trading variables, Stephen Johnson is schooling newbie trader and co-host Kim Ann Curtin on vital things to know before making ANY trade. This review of fundamentals is awesome new traders, but even established traders can get a refresher on the essentials.

Transcript

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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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