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SteadyTrade

TWIST Ep 02 - The Mueller Report (Mar 26, 2019)

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 26 March 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

Tim explains the potential impact of the Mueller Report, and how the market typically responds to uncertainty.

Transcript

Click on a timestamp to play from that location

0:00.0

This Week in Steady Trade with Tim Bowen.

0:02.7

Why don't you just shut the hell up?

0:07.2

Welcome back to this week in Steady Trade.

0:11.0

I'm going to go over something that I think is an interesting lesson and something that I think is valuable.

0:17.7

Not necessarily a trade idea, but more of like a mindset type thing and what I want to talk about

0:24.3

today is is the Mueller report and you know how it relates to obviously the president as well

0:31.8

as overall markets now remember is a day trader or a swing trader, you don't, I hate to use the term care,

0:40.9

but you really do not care what a lot of these political or geopolitical type events,

0:49.1

you know, what side they come down on.

0:51.0

One of the biggest mindset things that I think you have to have that um that is

0:56.1

key whether it be political or economical or just a specific stock is you have to have that agile

1:05.7

mindset and not get trapped into thinking a specific way now i, I am not going to comment on whether I think

1:14.2

the report was accurate, inaccurate. I'm not going to take a partisan view here because that's not

1:21.4

how successful day traders or swing traders think. trading price movement your trading price action volume

1:31.9

price action i mean we look at technical indicators we look at fundamentals we look at all these

1:37.2

things but at the at the end of the day when it comes to pressing that buy button pressing that

1:42.5

short button pressing that you know a sell button to take a

1:47.7

winner, to take a loser, pressing that buy to cover button if you're short and the trade isn't

1:52.7

working or it is working. Those decisions are based on the candles, you know, the candlestick

1:58.6

patterns, the price action, whether the stock is up trending

2:02.3

or downtrending. Now, why did I choose to talk about the Mueller report? Obviously, it's in the news

2:07.5

this week. This is a, you know, this week in steady trade. And, but I think there's a valuable lesson there

...

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