Jack Kellogg says the stock market has been sideways this year, but AI stocks are rallying.He looks for sympathy plays on C3.ai and builds a list to track those stocks. Although he wasn't successful in those early days, he has had the advantage of experiencing different types of markets. That first year, it was through paper trading, an approach he took after losing money from his first attempt.
Between scanning for hot stocks and big percentage gainers, and following Twitter conversations, by January, he concluded that the AI theme had a lot of potential. So he began focusing his efforts on trading that sector. While he starts by following the crowd, at some point he veers away from the chatter and refocuses on his technical indicators and the patterns he's familiar with trading. Theseinclude the volume-weighted average price , support and resistance lines, and linear regression. He tests the waters by entering a very small position at first — about 10 to 15% of the total amount he plans to bet on the stock.
"I shoot for bigger percentage gains because I've seen these patterns play out for seven years and they all do the same thing," Kellogg said."Which is, go up higher than you think because everybody just keeps buying into the idea that these are the next big thing." , estimates that there's still 80% to 85% of the market to penetrate in terms of growth opportunity. This is because the technology is still in the first stage of adoption along a five-stage cycle known as the S-Curve.
behind a wall
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
How stock trader made 2,700% returns trading small-cap stocksA stock trader who's returned 2,700% since late-2020 by betting on risky small-caps shares 7 criteria he uses to pick stocks— and explains how he used trading to survive after fleeing Venezuela edu_trades Sweet! Way to Go Eduardo edu_trades edu_trades Muchas felicidades!!!
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »