In this video I go over the ongoing pullback in the uranium sector from a Stage Analysis perspective. I also discuss the second ideal buy point in Stage Analysis which is the pullback that often happens to the breakout level when a market first moves into a Stage 2 bull market.
Learning from the past is a great way to become a better trader and in this video I go over the last major uranium bull market from mid-2003 to mid-2007. I discuss mistakes traders make when trading in a major bull market and talk about how critical it is to get positioned early in a bull market. I also talk about how having a long term game plan can help you overcome the short term psychological stress that is caused when pullbacks occur.
In this video I go over a great article that I found that perfectly describes sentiment in the uranium market after a major bear market. Next I discuss last week’s action in uranium miners which was indicative of a new Stage 2 bull market in uranium miners. Lastly I discuss what it takes to make big money in trading, and why it is hard for people to do that crave action in the markets and lack a certain trait.