Perseverance is the key to success in the stock market, just as it is the key to success in life. Without it, even the most brilliant trading strategy will fail. — Napoleon Hill
Sign up at Trading View access my platform and charts: https://bit.ly/3Q55GaU
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: “Understanding the Big Picture When Trading Stocks.” 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.
Perseverance in Trading: The Napoleon Hill Principle
The wisdom of Napoleon Hill, best known for his classic “Think and Grow Rich,” resonates profoundly in the world of stock market trading. Hill’s emphasis on perseverance as the cornerstone of success applies as much to market analysis as it does to any endeavor in life. Without perseverance, even the most sophisticated trading strategies are doomed to fail.
This principle is evident in the current market trends. The S&P 500, exhibiting a modest uptick of 0.56%, shows that consistent effort and analysis can yield positive results, even if they aren’t groundbreaking. The NASDAQ 100’s performance, with a more noticeable rise of 0.43%, further underscores this point.
Bonds present a slightly different picture. Despite a decrease in volume, they continue to show an upward trend, highlighting the importance of steady observation and adaptation in trading strategies.
Gold’s market behavior is particularly intriguing. With its current slight increase amidst overall market uncertainty, it poses a unique challenge for traders. This scenario exemplifies the need for persistent study and understanding of market dynamics.
Bitcoin, with its fluctuating performance, serves as a reminder of the volatile nature of some assets and the necessity of perseverance in navigating them. As observed, Bitcoin’s pattern of sharp increases followed by declines throughout the year requires a steadfast approach to trading and analysis.
In summary, Napoleon Hill’s philosophy of persistence is crucial in trading. It encourages traders to view each market movement as a learning opportunity and to use this knowledge to refine their strategies continually. This approach can lead to success not just in trading, but in all aspects of life.
Thank you for joining me in this journey of unwavering commitment to mastering the markets with Charting Wealth. Your dedication is a testament to the power of perseverance in achieving success.
