Boston IBD Meetup: Using Historical Precedents
December 10,[masked]:00 to 9:00pm
Virtual Meetup via Zoom
Using Historical Precedents
John S. Pocorobba
Attendees may download the presentation at http://bit.ly/2p1GXbv (Boston [masked])
The stock market is a psychological beast driven by the human emotions of Greed, Fear, Hope and Pride. Chart Patterns reflect the collective opinion of all market participants at any one point and time. The biggest winning stocks contain common price and volume characteristics from the breakout through the topping process. By studying the action of winning stocks, we can then search for opportunities to apply the same psychology embedded within these charts to other stocks exhibiting similar characteristics to provide an edge in your trading.
This presentation will review the psychological drivers contain in stock charts and how crowd mentality unfolds. Detailed examples will review nine different situations laying out the ways a trader can utilize a historical precedent stock from short term analysis to the longer term. Properly used precedents can assist with guiding your expectations at the breakout, the middle of the move and looking for the top. Conversely, improperly used precedents can be dangerous to your portfolio and psychology when too much reliance can blind oneself to changes in the market. This promises to be an informative session for all traders.
General Market update will follow the main presentation.
John S. Pocorobba is an Architect and amateur growth stock investor with over 17 years using the CAN SLIM methodology. John is a frequent presenter at the Boston IBD Meetup on a wide range of topics including Analyzing Bases, Conducting Post Analysis, Handling Losing Streaks, Short Selling the CANSLIM Way, Baker’s Dozen Sell Rules, Trading Psychology, RulesRulesRules, Winning Trader Characteristics, Investing Routines, Using the 50d Moving Average, Market Bottoms, Risk Management and his BlueSky Presentation Follow the Elephants