Sunday , November 17 2024
Home / Video / Heavy emotional selling today. We went against it.

Heavy emotional selling today. We went against it.

Summary:
Always always always fade emotion. 

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Always always always fade emotion. 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

17 comments

  1. Good video… except for framing: why would anyone get "scared" of people transacting at various prices? Take any market you know, say your local flea market or arts and crafts market… i just saw someone dump bunch of toasters at half price, while paying up for some painting .. so what? Best wishes trading and investing!

  2. Always enjoy the life lessons you discuss in parallel with finance and trading 👌

  3. We? do you have a mouse in your pocket? get out of the city Mike

  4. We have a social security payments day – Grand mom can't wait for it to invest in the stock market 😂😢😅

  5. What!? No Dogs yapping? Did you give it a bone to quiet it down that tends to help 🦴

  6. Long live Ukraine.

  7. I bet ya this 90 year old dude who gets the social security payment will be dying to buy bitcoin mining stocks and Nikola stock together with SPCE stock.

    • I'm not sure if that's how it works. People get their payment, then they spend it or save it. If they spend it then the company they bought from banks it. Banks loan part of it back out, and that money gets spent and ends up back at the bank, and repeat. So you take all this money that got paid out, then circulate it through a lot of hands, multiply it by the banking reserve rate, and that boosted amount ends up in savings, or in treasuries, or in stocks. It's just adding more water to the pool.

  8. Spot on Mike. Have to grind the ax on the stone. That is life whether you like it or not. Thanks!

  9. Thanks coach Mike. Going against the hysteria, it’s easier when you have an awareness of the fiscal flows.

  10. What do you mean 50% fromTrump at 12:20

  11. This information is golden…

  12. Friggin killing it Mike!

  13. Absolutely loaded up on more equity shares today after offloading remaining short positions. Portfolio share count at an all time high. Couldn't do it without Mike's hard work and dedication keeping his team up to speed! You rock Mike!

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