In the fall of 2018, I signed up for a class called "Introduction to the Stock Market and Technical Analysis" taught by Dr. Eric Wish
This class changed my life.
Here are 10 Lessons Dr. Wish taught me from his over 50 Years of Trading.
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Before this class I had absolutely no knowledge about investing, trading, or how to read a stock chart
Today, trading & studying the commonalities between the greatest performing stocks is my passion, and what I’ve spent the past 1000+ days focused on
Now onto the first lesson
Financial Literacy
The first lesson Dr. Wish taught me was the importance of overall financial literacy.
Roth IRAs, interest rates, budgeting, building credit the right way.
You need to master money management before thinking moving on to trading/investing.
Overall Strategy
Throughout the class, Dr. Wish repeated his trading mantra.
As you gain trading knowledge and experience, you'll appreciate the simplicity and depth of this one sentence:
Determine the Market Trend
The vast majority of stocks follow the overall trend of the market. This is why the mantra begins with “In a Rising Market”
"At least 50% of the whole game is the general market."
-William O'Neil