Remember that if you don’t prioritize your life someone else will. — Greg McKeown
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Here at Charting Wealth, we focus on the reality of price movement by following trends. We teach you a simple and effective method to read stock, ETF and crypto charts, keep your emotions in check and learn when to buy and when to sell. Charting is your road map to the market and the riches it can offer.
Forget the hype you see and hear in the financial news media. They are selling products in print ads and commercials. Focus on what is real, no matter how hard it can be to believe! Otherwise, you become a sucker or worse, a slave, to the delusion someone else wants you to believe.
Use the lessons we teach every day to accurately chart any stock, commodity, ETF and cryptocurrencies. We give you daily, real life lessons with the four ETFs we track: S&P 500, NASDAQ 100, 20-Year Treasury Bonds, Gold and Bitcoin. We have all the tools you need to learn how to trade.
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We urge you to “Follow the charts, NOT the noise!” and want to help you follow the market and improve your knowledge of stock and ETF movements.
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At ChartingWealth.com, every day the market is open, we chart the S&P 500, NASDAQ 100, Gold & Bonds. In just a few short minutes, we give you a valuable training update and quickly review the trends we see taking place in the market. At the end of every week, we give you an overview of what happened over the last five days and what’s on the calendar for the next trading week.
DISCLAIMER: We offer NO advice and make NO claims to expertise of any kind. This site is dedicated to knowledge and education through our stock chart training, reviews and other information — nothing more.
Emphasizing Daily Learning in Trading
“Remember, if you don’t prioritize your life, someone else will,” Greg McGowan once said. This statement holds particularly true in the world of trading and investments. Spending 10 to 15 minutes daily to enhance your skills in charting and understanding market trends is crucial. Whether it’s practice trading or fractional trading, the key to mastery lies in consistent engagement with the markets.
Learning by Doing
As Mike Tyson famously said, everyone has a plan until they get punched in the face. This metaphor perfectly illustrates the difference between theoretical knowledge and practical experience. Reading books and consuming content is a great start, but the real learning begins when you’re actively participating in the markets, making trades, observing trends, and feeling the market’s pulse.
Analyzing Market Trends
In today’s trading session, we noticed an interesting pattern. While the S&P 500 showed an increase of 1.07%, gold was the only sector that didn’t see an uptick. The NASDAQ 100 also experienced a significant rise of 1.74%. However, it’s important to remember that all movements in the market are subject to underlying trends. The maxim “the trend is your friend until the end” serves as a critical reminder for traders to watch for signs of shifts in market momentum.
Bonds and Bitcoin Watch
Bonds have shown some interesting movements, breaking through certain trend lines, suggesting a need for close monitoring in the coming days. Bitcoin, on the other hand, showed a modest increase of 0.46%, trying to regain some of its lost momentum from the previous week. It’s a reminder of the volatile nature of cryptocurrencies and the need for vigilant observation.
Final Thoughts
Trading and investing are dynamic activities that require continuous learning and adaptation. As we navigate through these trends, it’s essential to remember the importance of daily practice, hands-on experience, and staying informed about market movements. With these tools at our disposal, we are better equipped to make informed decisions and capitalize on market opportunities.
