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 take a technical look at the gap down in Cameco last week. Will it derail the uranium bull? Also I take a look at URA which saw big volume on Monday.
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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.
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In this video I discuss and show how bear markets produce phenomenal bull markets. In 2016 a number of bear markets ended in different sectors which produced big returns for the sectors that emerged from bear markets. Looking forward into 2017, uranium and a few other sectors could potentially follow the same pattern and emerge from bear markets.
For more information on the trend following system I use to analyze the markets check out my Stage Analysis page.