Does chart reading REALLY work for finding profitable trades?
In Episode 4 of "Money Mondays" (which aired live on August 3rd, 2020), financial educator Cat Alford and I brought the heat - and the answer to that question.
I went behind the scenes of my educational platform of Power Trades University to show you real chart analyzation of real trades some of the members and I took - and the result.
I also took some of the live streamers stocks they wanted to look at and gave real-time analyzation of the charts and patterns to detect.
*Please note that trading involves real risk, and we are not giving advice or guaranteeing anything.
But look at the potential profit power stock and options hold - IF you know how to read the charts right.
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Here is a quick breakdown of the stocks we looked at:
Analyzation of WMT (Walmart) - 00:21:00 mins
DOCU (Docusign) - 00:27:00 mins
AAPL (Apple) - 00:31:00 mins
LULU (Lulu Lemon) - 00:34:00 mins
ULTA (Ulta) - 00:39:00 mins
INTC (Intercontinental) - 00:54:00 mins
GS (Goldman Sachs) - 00:57:00 mins
NVDA (Nvidia) - 00:58:00 mins
"The Trade Tracker"
Inside of Power Trades University, the members and I keep track of all of the potential trades we are watching and their analyzation inside of what we call "The Trade Tracker".
In this live session, we saw how we analyze our charts AND the profitable trades that worked because of our analysis, including Walmart and Docusign.
In these sessions inside of Power Trades University, you peer over my shoulder each week to see what I am considering to trade and why - and can make your own decision if you want to trade them or not.
This session really showed that knowing how to read the charts and detect patterns DOES work - and if you get the right education you can be a chart enthusiast, too.
If you haven't already, check out my educational platform Power Trades University.
See you next time on Money Mondays.