Here are 5 of the most unique stock charts, and some stand out market movers from the past 12 months (I didn’t include any penny stocks!!). Study them closely, because these patterns WILL repeat themselves:

$TLRY: Tilray Parabolic Summer 2018

Tilray is an IPO from last summer that ran from about $20 to $300 per share in about a month and a half. Every pothead and their mom owned this stock last summer. This was during the period right after Marijuana distribution usage was legalized in Canada, and many Cannabis-related companies like Tilray had some monster run ups.

But TLRY was the biggest of them all. It went from about $20 a share to a high of $300 in just two months. And then it gave it all back! Now it’s trading under$50 per share, and its bag holders galore.

$BYND: Beyond Meat IPO Run Up 2019

Beyond Meat is essentially a company that makes “supposedly” plant-based meat. It IPOed earlier this year and was a very similar play to Tilray. It just slowly grinded up ever since it’s IPO. Funny thing is that it’s still hanging around today at about $150 a share, still up more than 200% from it’s IPO price!

$ROKU: Post-Earnings Run Up Summer 2019

ROKU had earnings a few weeks ago, has been on an insane run the past several weeks. The day before it’s last earnings report it closed at about $100 a share. About a month later, it hit a high of about $180 a share! Overbought can more overbought, and oversold can get oversold.

$SHOP: Shopify 2019 Monster Uptrend

Shopify has been a MONSTER this year. Started the year at about $130 a share, and last week it almost hit $400. Funny ROKU and SHOP have been public Citron Research short calls! Goes to show you what happens when the consensus takes a position, and then things start to go south!

$SPY: Insane Recovery From 2018 Crash

SPY hit a low of around $230 in December 2018. In just 5 months, it came all the way back to make a new all-time high. Funny how this year was predicted in January to be the worst year in the stock market in the past decade. And it actually ended up being one of the strongest years ever!

Biggest Lessons

-Do the opposite of consensus, mainstream predictions

– Timing when short selling is EVERYTHING

-Markets can stay irrational longer than you can stay solvent

– Stocks take the stairs up, and the elevator down.

-Sell into strength, before the crowd panics

Live Trading Bootcamp Starts Soon!

Our live trading bootcamp is designed to teach traders how to overcome their weaknesses and mistakes, and become successful, independent traders. Our next live bootcamp starts on December 2nd, and spots are filling up fast!

Click here to learn more about our new Comprehensive Trading Bootcamp

The post 5 INSANE Stock Charts From the Past 12 Months appeared first on Bulls on Wall Street.

It is NOT some get rich quick scheme or trying to find the next small cap stock that will go up 1000%.

It is overcoming your psychology and mastering the mental aspect of it. These 7 deadly trading sins are the threats to all traders. Once you can overcome these consistently, you will be well on your way to successful stock trading.

Over the next 7 days, we will be breaking down all 7 of these sins in detail and teach you how to combat these destructive tendencies. Here are the 7 sins of trading:

1. Revenge Trading

Revenge trading is the easiest way to turn a normal red day into an account blow up. Revenge trading occurs after you have had one or several losing trades, and you start to get emotional. You want to make back the money you just lost, so you start forcing trades on subpar setups. What happens after is that you end up losing even more money, you become even more emotional, and you start to spiral out of control.

2. Gambling

It is very easy to treat trading like gambling. Gambling is addicting by nature, and many new and inexperienced traders fall victim to this addiction. Just like in a casino, it is possible to make money in the stock market without much effort. But you will not make money consistently, and will end up losing money in the long run. The only way you can make money in the stock market is by trading a proven system with an edge. Doing anything other than this is just pure gambling, and will result in you losing all of your money.

3. Emotional Attachment

Emotional attachment in trading will prevent you from making rational decisions. Emotions cloud your judgement, and do not allow you to view market information objectively. Emotional attachment to stocks causes you not to buy and sell at the right times. Traders who get emotionally attached to stocks they own often turn into bag holders, as their emotions prevent them from respecting price action.

4. Slothfulness

The stock market is mechanism of moving money from the lazy and unprepared to the patient and hard working. Since the stock market is random, it is possible to make money buying and selling randomly without doing any technical or fundamental analysis. However you will not keep the money you make, and will end up losing money in the long run like most people who try to trade for a living. You are going up against some of the smartest and richest people in the world when you trade.   

5. FOMO

Fear of missing out haunts traders of all experience levels. There is nothing worse than missing a 20% move in a stock that was on the top of your watchlist. This often causes traders to chase and buy way too high. Traders will often hastily jump in the next stock that moves with the expectation that it will make a monster move. The stock ends up just being a subpar setup, they lose money, and they become even more emotional.  

6. Fear

Scared money does not make money in the stock market. Fear manifests itself in many different forms in trading. You cannot let the fear of losing money deter you from making a trade. You cannot let the fear of a winner turning into a loser cause you to take profits too soon. In trading, you have to risk money to make money. If you’re afraid to lose the money you are risking, you are likely trading too much size.

7. Ego

You cannot let your ego get in the way of taking a loss. Losing traders will believe so strongly in their trade thesis, they won’t obey their stop loss because they don’t want to admit they were wrong. Stubbornness is the number one cause of account blow ups. You have to put your ego aside when you participate in the stock market. No one wins 100% of the time, and losing trades are inevitable. Do not let your ego get in the way of your ability to make rational trading decisions. Care more about making and keeping your money than being right.

Free Webinar 

We are doing a free webclass on December 17th where we will go over all of the 7 sins in even more detail, show exactly how to overcome these and, build a bulletproof mindset. Mark it on your calendar and join us live.

The post The 7 Deadly Trading Sins Series appeared first on Bulls on Wall Street.