If four things are followed – having a great aim, acquiring knowledge, hard work, and perseverance – then anything can be achieved. – APJ Abdul Kalam
Sign up at Trading View access my platform and charts: https://bit.ly/3Q55GaU
Learn more about my Mastery Program here: https://join.chartingwealth.com/
How to Set Up Our Three Time Frame Chart on TradingView: https://youtu.be/wLwTnrtAOTA
I have opened my page to sharing. Find me on TradingView at Thom Goolsby.
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.
For subscribers, we have a GREAT TRAINING to SUPERCHARGE your practice trading: “Volume: Understanding Jesse Livermore’s Theories and More.” If you are not a subscriber, become one! Subscribe for FREE to our daily market reviews & training at http://www.ChartingWealth.com
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.
Support our work at PATREON and receive GREAT benefits (training, gifts, etc…): https://www.patreon.com/user?u=14138154
Receive our STOCK ALERTS via TEXT when WEEKLY VERTICAL CROSSOVERS occur. Very valuable information! Less than 8 texts a month. Text “chartingwealth” to 33222 on your cell phone.
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.
Harnessing the Power of Persistence in Financial Markets: Insights from November 17, 2023
The Path to Mastery: Perseverance and Daily Practice Echoing the wisdom of A.P.J. Abdul Kalam, we recognize that achieving greatness in the financial markets requires a blend of a clear aim, acquiring knowledge, hard work, and most importantly, perseverance. Just as the greatest oaks start as small nuts, every expert trader was once a beginner. Our message is simple: stick with your practice for 10 to 15 minutes each day, and you will see progress in your understanding of the markets.
Today’s Market Overview: A Day of Varied Movements In today’s trading session, we observed a diverse range of movements. Stocks were slightly up, while Bitcoin pulled back. The S&P 500 showed a modest gain of 0.21%, forming an upward candle, albeit with a volume that calls for cautious optimism. The NASDAQ 100 experienced a similar trend with a slight increase of 0.09%.
Bonds and Gold: Contrasting Directions Bonds showed a strong performance today, rising by 1.24%. This move was supported by a volume that is already at the average for the week, indicating a sustained interest in the sector. On the other hand, gold witnessed a more tumultuous session, closing up by 1.13%. The candlestick patterns on gold’s chart showed signs of indecision, suggesting a crucial juncture in its trend.
Bitcoin’s Volatility: A Watchful Eye Required Bitcoin’s movements were the most volatile, experiencing a pullback of 4.16%. This movement is particularly notable given the recent weeks of positive trends. The latest two-day candle turned red with considerable volume, suggesting a potential shift in momentum or a temporary retracement.
Weekly Vertical Crossovers: A Tool for Practice Trades For our Patreon members, we provide up to 20 weekly vertical crossovers from the S&P 500. These are potential practice trade opportunities based on shifts in weekly candle colors coupled with volume analysis. This week, we highlighted Medtronic (MDT) as an interesting prospect, showing high volume at a potential bottom and moving upwards.
Closing Thoughts: The Value of Consistent Practice As we wrap up the week, we emphasize the importance of consistent practice and mid-week reviews to gain a comprehensive understanding of market movements. For those looking to enhance their trading skills, consider joining our Patreon for exclusive resources, including weekly vertical crossovers and our “Options Made Simple – The Charting Wealth Way” three-part series.
