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SteadyTrade

Ep 164: The Wildest 100 days in Stock Market History, and the First Summer Action at the End of August

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 8 September 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

‘Sell in May and go away’ is a common refrain in the stock market. It refers to the traditionally slower trading days of summer.But like most things in the stock market, and in the world, for that matter — things are different in 2020.In fact, the stock market has been experiencing all-time highs. Both the Dow Jones Industrial Average and the S&P 500 have enjoyed 100-day records in recent memory…As Tim Bohen puts it, the past 100 days “may have been the wildest three months ever in my 15 ...

Transcript

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0:00.0

It's not going to just be by a virus play, a low flow virus play and walk away forever.

0:06.2

So relish the process is I guess what I would say.

0:10.2

And the thing is, is if you spend an hour and everything and everything sucks, this one sucks, this one sucks, this one sucks, this one sucks.

0:19.9

That's still useful.

0:21.4

And you're building skills for later because now, tomorrow, when there is a good one, you're like, well, geez, all 10 of these blue were terrible yesterday.

0:32.5

Now this one checks all my boxes.

0:34.4

Now I want to attack.

0:39.0

You're listening to the Steady Trade podcast.

0:43.6

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

0:50.0

Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro, Kim Ann Curtin, the Wall Street coach, and Stephen Johnson, the up-and-coming trader who's always willing to learn.

1:01.7

Together, we'll sit down with experts to talk about their process, the lessons they've learned, and discuss how all traders can level up their trading careers.

1:13.7

Welcome back to the steady trade podcast, everyone back here with the whole team, Kim and

1:19.2

Stephen. You'll get a topic that I thought we weren't going to discuss this year.

1:26.7

Many people know, many people hear the saying, sell in May and go away.

1:32.9

Okay, maybe you've heard that saying.

1:34.3

And I've always kind of pushed back a little bit on that because there's always

1:40.4

trade opportunities year round.

1:43.1

It's just, yes, things do typically tend to slow down a little

1:47.6

bit in the summer, simply because, I mean, people are vacationing. You know, a lot of, you know,

1:52.9

especially in August, you know, a lot of European, South Americans, I mean, a lot of people take

1:58.1

off like almost the entire month of August for

2:01.5

holiday. And, you know, in August is always kind of slow because, you know, you're gearing up

...

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