Even if you don't want to short, I think this is still informative for long positions as a suggestion/precaution on when to sell and exit the position.
@arathaemaxus5250
Жыл бұрын
That’s exactly what I was thinking
@Larry21924
10 ай бұрын
This content is rich with innovative thoughts. I found a book with like themes that challenged my thinking. "Mastering Money Mindfulness" by Benjamin Hawk
@blackmagick77
3 жыл бұрын
You are at a bit of a disadvantage short selling though. As you owe the shares you have to pay interest already adding to your cost basis. Also, like you said over the long term stocks have a bias of going up. If you're long and wrong. You can wait it out. If you're short and wrong you need to cut your losses quick or you it could ruin you.
@FinancialWisdom
3 жыл бұрын
Very true👍
@ColeIsKing
2 жыл бұрын
This is why its the riskiest strategy a trader can do. It’s clearly not for everyone
@britneythao
Жыл бұрын
Short selling is not for everyone. But during a bear market, that is the only way to make money. Money is supposed to flow to make more money. Money sits money looses. Also, stocks going down is muchhh faster than going up. If you know what you are doing, shorting stocks give you more profits.
@FinancialWisdom
4 жыл бұрын
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U My Breakout Scanner - bit.ly/3ea6sl8 My Forum - www.financialwisdomTV.com/forum My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing Edgewonk Trade Analysis Software - bit.ly/3xS6S7s Stock Screener & Backtesting - bit.ly/3oO1exN (20% Off Code = FWSDM) Stockopedia - bit.ly/2YIcAIn (25% Discount)
@andreww5968
4 жыл бұрын
I have really been enjoying this channel, I just found it a couple days ago and have already watched all the videos - they are really well done. And it is obvious you are a trader as well so if you ever wanted to make more instructional videos (I saw GAP trading vid) I would certainly watch those as well. thank you
@FinancialWisdom
4 жыл бұрын
Hi Andrew, Thank you for your kind feedback, its glad to know its adding some value out there... Yes i do trade but only the weekly charts combined with some fundamentals, so a hybrid type. To help my discipline of sitting still i decided to start youtube. I'll be sure to add some more specific trading methods in the future. I'm currently working on the Turtle Trader book. Speak again, and thank you.
@williamkz
4 жыл бұрын
Many thanks Gareth. Superb presentation as always. Some interesting points. The book has picked out two of my key faults as a short seller. Perhaps the book could have looked more closely at the psychology of short selling and why only a few of us do it. Also, it could have highlighted more of common errors that beginner's make.
@FinancialWisdom
4 жыл бұрын
Thanks William - I agree, It falls short of psychology etc - of 200 pages 150 are charts, but I guess as the saying goes ' a picture paints a thousand words'
@williamkz
2 жыл бұрын
Just rewatched this. It occurs to me that many of your subscribers may think going short is too complicated. One easy way of going short is through a spread betting account. It's as simple as going long. All you have to do is 'sell' instead of 'buy'. Again, many thanks for your channel - it has totally transformed my trading (for the better).
@FinancialWisdom
2 жыл бұрын
Hi William - Yes you are right, as daunting as it seems....🙏
@mayanksharma5468
3 жыл бұрын
Very valuable content brother. Can you please cover smart money concepts in details in layman's language? Love your channel. ❤️
@FinancialWisdom
3 жыл бұрын
Sure 👍 i'll try
@jamespier7801
2 жыл бұрын
Your illustration with the chart on the short sale involves a moving average line that requires knowing the future price of the shares. Just saying.
@dcreech500
3 жыл бұрын
I can’t help think a downturn is coming soon. There is always an eventual downturn. So I’m going to study up on shorting. When the bear appears I want to make money on defense too. Great video again!
@FinancialWisdom
3 жыл бұрын
Good luck🙏
@Pathlogos
3 жыл бұрын
Are u still waiting for the downturn?
@badalsheth9272
3 жыл бұрын
I think money is made easily by short sell. Your view please.
@FinancialWisdom
3 жыл бұрын
I'm not keen on short selling purely because the market has an upward bias over the longer term, i like to have probability in my favour at all times.
@spiritualpeace5668
3 жыл бұрын
What a gud book
@marianaandersson7252
Жыл бұрын
Bought the book, as to learn how to short sell, and to be honest I am disappointed. Not one word about the most important aspect of the short selling- where to place the stop loss. He didn't mention it once. He left out the most important aspect of short selling.....not a good book.
@FinancialWisdom
Жыл бұрын
Yes fair point...
@ChrisJ333
2 жыл бұрын
You show charts that say "Weekly Chart" but state the moving averages are daily. Is the Death Cross based on daily MA or Weekly? Really like your vids, btw.
@FinancialWisdom
2 жыл бұрын
Death cross is commonly Daily, although classed as on any time frame
@bagholderwithaplan
3 жыл бұрын
I mean, yeah he has the phone back but what about all his files, messages and photos??? jokes aside, I definitely plan on reading this book. But first I need more consistency on the long side
@FinancialWisdom
3 жыл бұрын
lol, good point...👍
@samashengovinder
7 ай бұрын
Thank you for the wonderful and sincere explanation of the short strategy.
@FinancialWisdom
7 ай бұрын
Glad it was helpful!
@lifeandlaw1392
4 жыл бұрын
Hello Sir 🙏, U had made very good explanation, keep going... Love from india.
@FinancialWisdom
4 жыл бұрын
Thanks Rana, much appreciated 👍
@ottawainvestor7551
2 жыл бұрын
As always, great presentation.
@FinancialWisdom
2 жыл бұрын
I appreciate that
@ovel1er
3 жыл бұрын
I have a question. Using your image, what happens if dangerous Derrick can't find any phone to return to David?
@FinancialWisdom
3 жыл бұрын
😂 I've no idea....
@ovel1er
3 жыл бұрын
@@FinancialWisdomMaybe DD just need to reimburse the market value of the stock (sorry phone ) with a penalty. Great video by the way.
@gmrao202
4 жыл бұрын
Nice video. However, I can't sell short stocks in India and carry the position for SIX months.
@FinancialWisdom
4 жыл бұрын
Hi Mark, that's a shame.. At least you can use the principle to ensure you don't buy a stock with the criteria 😉
@ManasBaaggh
3 жыл бұрын
you can short futures
@sandraacevedo1827
2 жыл бұрын
X
@saliafzal
2 жыл бұрын
Hello. Does anyone know where I can find this book free in PDF version?
@sectorrottation
4 жыл бұрын
Great job as usual. Could you please do a video on Mark Minervini's new book on mindset? Thanks.
@FinancialWisdom
4 жыл бұрын
On the list DD 👍
@sectorrottation
4 жыл бұрын
@@FinancialWisdom Thanks
@sonaldubey3850
3 жыл бұрын
yes I also request it
@mrithun15
4 жыл бұрын
Can you sell stocks short dirently in the UK and the US markets. The indian markets only allow you to go short on the stock futures and options. Shorting stocks is only allowed intra-day
@FinancialWisdom
4 жыл бұрын
Hi Milton - Yes you can, micro caps can be difficult but medium to large caps can be shorted directly.
@mrithun15
4 жыл бұрын
@@FinancialWisdom Thanks for your quick response. I understand how shorting futures works, but i don't quite understand shorting stocks. With a futures contract, you can short it up to a few months. Similarly, is there a limit to how long you can hold your short position on a stock and do you need to pay an interest to your broker for borrowing the stocks? and say you are shorting a micro cap stock, what happens if you are unable to cover your short/ find a buyer to cover the entire position?
@FinancialWisdom
4 жыл бұрын
@@mrithun15 No there is no limit on the length of time in regard to a short position, if the stock is dividend paying, you will need to pay the dividend to the broker.
@TkSebastian
3 жыл бұрын
@@mrithun15 how is stocks shorted in future market ?
@aldolabuonora
2 жыл бұрын
no fundamental criterion?
@cagrikanik2403
3 жыл бұрын
Thanks for the video FW!
@yuthpatirathi2719
4 жыл бұрын
Amazing video
@FinancialWisdom
4 жыл бұрын
Glad you think so!
@Tailorsameer
3 жыл бұрын
Gamestop
@HAJensen19987
Жыл бұрын
This is fantastic stuff - thanks for making these videos! I have a list of books for you haha!
@FinancialWisdom
Жыл бұрын
Glad you like them!
@HAJensen19987
Жыл бұрын
@@FinancialWisdom I watch the summary before listening/reading the book. The repetition helps me remember it and internalize it better.
@twinklestars1391
4 жыл бұрын
very good explanation,sueful for beginners
@twinklestars1391
4 жыл бұрын
useful for beginners
@FinancialWisdom
4 жыл бұрын
Thanks Manikantha
@TheWinghochui
Жыл бұрын
Thanks for your sharing!
@FinancialWisdom
Жыл бұрын
My pleasure!
@zn4496
4 жыл бұрын
Great video mate as always
@FinancialWisdom
4 жыл бұрын
Thanks VN 👍
@suthan2003
3 жыл бұрын
2040.... let's look at the methods used by Gareth....lol....jokes apart.... this channel is awesome !!
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