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A newsletter with some stimulating content. The markets are becoming very interesting at the moment with the fight between bulls and bears intensifying. Will we get the traditional Christmas rally, will gold finally make an all time high, will the Nasdaq keep powering on, is the Fed and the RBA done with raising rates?
Two weeks ago I did a presentation at the Newcastle ATTAA - and forgot to record it :)
So I decided to do it again as quite a few people have asked to see it, so here it is.
https://www.youtube.com/watch?v=Y0H1hKc7WcM
Don't forget about the 52 week closing highs for the ASX 500 for a quick summary of the weeks price action - this week has a lot more information than usual so rather then pack it in here you can go to the link below.
https://www.easysharetradingsystems.com.au/how-to-trade/52-week-highs
I mentioned in my previous email I would be focusing more on mindset and psychology. If you are interested in that part of your trading and personal development I encourage you to start by reading the Zen Trader. I would like to thank all those that have already purchased the book and the reviews the book received, its currently tracking at 4.3 stars out of 5 on Amazon and I have posted a link below to the review page.
https://www.amazon.com.au/Zen-Trader-ancient-wisdom-markets-ebook/dp/B09MKMGNW3#customerReviews
Keeping with the theme of the correlation between spirituality and trading, here is a graph from my book discussing those themes.
Some of you may recognise this from Dr. Hawkins scale of consciousness developed in 2002. Without going into a lot of detail and why this is so important (as I do in the Zen Trader) it's enough to say that if if you are not operating from the 200 level or above - you will find it difficult to trade. The further up that scale you get the easier it gets. I have the graph above on my phone as a screen saver, when I get flustered (yes I do) I have a look at it and see where I am at. For example if I get angry at someone (or myself) I realise I am not accepting (level 350). Acceptance is a very powerful mindset to have as a trader for the markets are often doing things to us we don't like! Of course it is also a wonderful attitude to have in general.
Before I go I would like to give a plug to Norgate Data. As you know I do a lot of research and testing and to do that I need top quality data. Richard Dale and the team at Norgate have been extremely helpful to me over the years, so a thank you to them. A link before to the Norgate home page.
https://norgatedata.com/
I appreciate you reading this email, we are all busy and hopefully its been worth your while!
All the best
Peter
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