Get Your Mind Right: Trading Mindset Hacks

 
December 29, 2020
 
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Why the Apple EV News Is a
Sign It's Time to Dump the Stock
Every so often, great companies make terrible mistakes… even when they don't seem like mistakes at the time. Often, the decision is cheered by all when first announced. Only later, as problems pile up, does it begin to dawn on a company's executives that… "Gee, maybe this wasn't such a good idea."

That's what I think is destined to happen to Apple Inc. (Nasdaq: AAPL) with its recently announced plans to build an Apple electric vehicle, otherwise known as an EV.

In fact, CEO Elon Musk claims he offered to sell Tesla Inc. (Nasdaq: TSLA) to Apple some years ago during the worst of its growing pains. Musk said he couldn't even get a meeting with Apple CEO Tim Cook.

So why would Cook be looking to build an Apple EV now?
See Apple Jump the Shark
 
 
Get Your Mind Right:
Trading Mindset Hacks
Mentality is everything.

All of the trading knowledge and strategies in the world won't help if you're not mentally prepared. Sure, it's important to know what you're doing — but this job is not for the faint of heart.

When you go to bed at night and when you wake up in the morning, your mindset is important. We do this all the time — we dream about our dream house, job, etc. That goes double for trading!

This can be a stressful job where nothing is guaranteed. That's why making sure you are in the right mind is key.
Get Ready to Trade
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"Thank you so much for your consolation. By the way, I always like your presentations, keep them up."

Hafrid
A Break-out refers to a security's price movement higher through a historical resistance level. A breakout typically precedes heavy trading volume and increased volatility.


 
 
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