The Long Investor

Important note

Added 2023-07-21 00:25:25 +0000 UTC

After going through all my charts tonight, it surprises me how much chatter and surprise there was in the Telegram group of this pull back today.

95% of the members were not chatting however.

Let's remember what we are doing here.

We are long term investors, we wait, we buy and we hold.

We add at the end of Wave 2 and Wave 4 and we consider taking profits at the end of Wave 3 and Wave 5.

This is a simple strategy.

If you want to be a day trader, you need to be ready for that emotional rollercoaster and to be able to control it. The day traders in our group are some of the most disciplined people I know and believe me they work hard and they do not bring emotion into their strategy....as hard as that is.

Our strategy is for people who live normal busy lives and they want to make money while they continue on with their life, we do the hard work for them so they can get on with their lives, they do not care about 1 or 2% moves intraday.

We have a large group now and it continues to grow, we had some issues like this when the group started last year, trying to get rid of old habits are never easy but when people learnt what our strategy is, they started to use this to their advantage, gains started coming in and more importantly, their plan and emotions were in full control.

Every now and again, we need to remind ourselves of this.

We had a number of weeks of relatively green days and this is typical of Wave 3 but its the pull backs where I start getting most excited about, this is where we make substantial gains.

So let's start embracing the red days and trust the charts....they have guided us extremely well.

Ok time for bed, its 1.25 am now.