FIRE SAMURAI

Many times we ask ourselves "Why do some people make money easily while I have a difficult time doing so?". I already have a few friends who are making tons of money after huge investment in crypto and I have another friend who has made tons of money in options trading. I am still struggling and I have been asking myself why. What am I lacking compared to them? I believe it is the amount of effort and time that my friends have placed to master the art of trading and investing -that make them successful. They will only focus on one thing and continue to sharpen that skills and knowledge relevant to that instead of jumping from one to another. For my case I have dabbled in the futures market, day trading, options, some crypto....all with mild or no success.  It is time for a change.  I have to put in more effort to be a more of a successful investor. knowledge without action is meaningless. We must Do the right things and DONT Do some things that may hinder our progress to be s...

  Here is the link to my previous article on A Study in Technical Analysis : Candlestick Part 1 - One White Soldier  :   Link ONE BLACK CROW One Black Crow candlestick pattern is a Bearish Reversal Pattern used to predict the reversal of the current uptrend. The pattern consists of two consecutive long-bodied candlesticks - The first being a Bullish Candlestick followed by a Bearish Candlestick. This candlestick pattern rarely appears and if it does appear it can be quite strong. The One Black Crow should have the following  characteristics. Bullish Candle followed by a Bearish Candle.  If it is during a long uptrend, The Bullish Candle must be a new high in the downtrend(Counter Trend Trade).   1.   The Bearish Candle must open Below the Close of the Bullish Candle Open2 Lower than Close1   2. Must make a lower high. High2 Lower than High1   3. The Bearish Candle must close below the low of the Bullish Candle. Close2 Lowe...

Decided to start a Technical Analysis series to analyze a few candlestick patterns and other tools to help me improve my stock and options trading.  ONE WHITE SOLDIER One White Soldier candlestick pattern is a Bullish Reversal Pattern used to predict the reversal of the current downtrend. The pattern consists of two consecutive long-bodied candlesticks - The first being a Bearish Candlestick followed by a Bullish Candlestick. This candlestick pattern rarely appears and if it does appear it's likely a strong indication of a reversal in trend (supported by other indicators as well). The One White Soldier should have the following  characteristics.  Bearish Candle followed by a Bullish Candle.  If it is during a long downtrend, The Bearish Candle must be a new low in the downtrend(Counter Trend Trade).   1.   The Bullish Candle must open Above the Close of the Bearish Candle Open2 Higher than Close1   ...