If you are looking for a stock market financial mentor that could give you insights on how to connect politics and what is going on inside the financial market, then this article is definitely for you.
1. Which one do you trust more when doing trading decisions, your instincts or your logic?
THEY ARE THE SAME. INSTINCT IS MERELY THE ABILITY TO LOGICALLY PROCESS INFORMATION QUICKLY WITHOUT ‘THINKING’ BECAUSE OF YOUR EXPERIENCE.
2. How do you cope after experiencing a bad loss from the stock market?
I DO NOT ‘COPE’. I EVALUATE IF I MADE A MISTAKE. IF YES, I CORRECT THAT MISTAKE. I IGNORE THE LOSS. IF YOU WORRY EVEN THE SLIGHTEST ABOUT A LOSING TRADE, NEVER EVER NEVER TRADE THE STOCK MARKET.
3. What do you think is the most important thing a trader must know in order to become successful in trading?
DO NOT LET EMOTIONS INFLUENCE DECISION MAKING IN ANY WAY.
4.Can you share some secrets or tell us what your best practices in trading are?
FOLLOW THE TREND. FIND TURNING POINTS. VOLUME IS THE MOST IMPORTANT INDICATOR OF ALL
5. What is your favorite quote about Finance? Can you recommend sources that will give us ideas on how to start in trading such as books, videos or a spokesperson?
• ME: “YOU GET WHAT YOU PAY FOR”
• SUZE ORMAN: 'WOMEN FAKE ORGASMS AND MEN FAKE FINANCES.'
• ANDREW CARNEGIE: “THE WAY TO BECOME RICH IS TO PUT ALL YOUR EGGS IN ONE BASKET AND THEN WATCH THAT BASKET”.
• YODA: “DO OR NOT DO, THERE IS NO TRY”
• SEA CAPTAIN WHO WAS MAJOR MARIJUANA SMUGGLER IN THE 1980’S: “TRUST NO ONE; ASSUME NOTHING”
FOR NEW TRADERS, FIND A MENTOR. PAY HIM/HER FOR ADVICE (SEE QUOTE NUMBER 1 ABOVE). READ ALL THE STOCK MARKET BOOKS YOU CAN FIND; THEN IGNORE. ALL TRADING SYSTEMS ARE 100% ACCURATE IN A STOCK MARKET THAT IS GOING HIGHER. ALL ARE 100% WRONG IN A FALLING MARKET.
6. What is your trading strategy? How did you come up with it? Can you describe your most successful trade so far? What is your track record in terms of profit margin in the last 5 years?
FOLLOW THE TREND. FIND TURNING POINTS. TRACK PRICE SUPPORTS AND RESISTANCES. YOUR LAST PROFITABLE TRADE IS YOUR MOST SUCCESSFUL. I DOUBLE MY TRADING CAPITAL EVERY 12 MONTHS.
7. What indicators do you use in your analysis? Do you have rules on how you use indicators?
MOVING AVERAGES. MOVING AVERAGE CONVERGENCE DIVERGENCE. TREND LINES. YES, I HAVE SEVERAL RULES AND THEY ARE MY PROPRIETARY SECRETS.
8. What indicator system do you use to spot a stock that you would likely place a trade in? Given those indicators, what parameters or set-ups have to be hit before you execute the trade?
MOVING AVERAGE CONVERGENCE DIVERGENCE. THE PARAMETERS THAT I USE FOR THE MACD AS WELL AS WHICH CHARTS AND HOW I USE THEM ARE MY PROPRIETARY SECRETS.
9. How do you plot support and resistance/ do you follow your MA's, Fibo, Harmonics, Trendlines?
SIMPLE. I PLOT USING PRICE ACTION AND PATTERNS. NO, I DO NOT LOOK AT FIBO, HARMONICS OR ANYTHING ELSE. THEY ARE ALL MORE COMPLEX VARIATIONS OF TREND AND SUPPORT AND RESISTANCE. I LIKE TO KEEP MY LIFE SIMPLE AND I AM NOT THAT SMART TO USE ALL OF THOSE.
10. Why do you think a Cutloss is necessary and where do you place the stop? How do you determine your Cutloss level? How do you determine your take profit level?
ANY FOOL CAN BUY AN ISSUE THAT GOES HIGHER. THE ONLY-ONLY-ONLY WAY TO MAKE MONEY IS TO LIMIT LOSSES. I CUT LOSS ON A TREND CHANGE POINT/PRICE WHERE THE UPSIDE TREND CHANGES. I TAKE PROFIT AT UPSIDE TREND CHANGE POINT/PRICE.
On JOHN MANGUN:
John Mangun is a well versed writer, as seen by the way he is able to use words that could connect and explain the trading stock market tips.
Not only is he a sensible financial market analyst, he is also writing for Business Mirror, one of the most reputable business newspapers in the country.
He provides analysis on the latest political situations, and gives insight on what could happen next when it comes to economic trends.
In order to better analyze data connect facts and go beyond that of what is stated- he provides new ideas that could be developed further.
John Mangun has included years of analysis and research on how he has understood the market over the years.
In his writings he has specified the need for a trading strategy, but not only that he also goes further to explain what factors must influence the selection of the strategy.
The thing that sets him apart, with other financial stock market mentors is that he guides the reader into creating an action plan.
Before entering the battle grounds, you would need a solid plan that you fully believe in and will vouch for.
For him, instinct is not separate from logic; instinct is about making use of the power of the mind in order to bring out better information.
It is seen that the way he has summarized the analysis of the market, is from the grassroots as seen in his attitude.
Mangun redefines the word risk.
Risk is not merely about preparing to dive into unknown territory without a plan, rather it is about knowing that there are several ways to expose yourself to danger, but believing that you can overcome the fear of failure itself.
Mangun apart from the tutorship he provides in financial literacy, also actively participates in vital issues of the country.
He was one of the individuals who was asked to provide a question for the Vice-Presidential candidates this 2016.
He asked the question “What can be done to improve the weak judicial system of the country”.
Just like any smart stock trader, he knows the value of understanding how politics has a direct effect on trading.
If you want to have a better understanding of what is going on, you need to be able to connect data and use it to analyze other patterns in the market.
Everything is interconnected- nothing is separate, when you make a decision in life, especially in trade you need to consider a lot of factors.
John Mangun acts and reflects like a Philosopher.
As seen by the way he looks for ways to include more data through careful analysis of past and current events.
Not only is he a sensible financial market analyst, he is also writing for Business Mirror, one of the most reputable business newspapers in the country.
He provides analysis on the latest political situations, and gives insight on what could happen next when it comes to economic trends.
In order to better analyze data connect facts and go beyond that of what is stated- he provides new ideas that could be developed further.
John Mangun has included years of analysis and research on how he has understood the market over the years.
In his writings he has specified the need for a trading strategy, but not only that he also goes further to explain what factors must influence the selection of the strategy.
The thing that sets him apart, with other financial stock market mentors is that he guides the reader into creating an action plan.
Before entering the battle grounds, you would need a solid plan that you fully believe in and will vouch for.
For him, instinct is not separate from logic; instinct is about making use of the power of the mind in order to bring out better information.
It is seen that the way he has summarized the analysis of the market, is from the grassroots as seen in his attitude.
Mangun redefines the word risk.
Risk is not merely about preparing to dive into unknown territory without a plan, rather it is about knowing that there are several ways to expose yourself to danger, but believing that you can overcome the fear of failure itself.
Mangun apart from the tutorship he provides in financial literacy, also actively participates in vital issues of the country.
He was one of the individuals who was asked to provide a question for the Vice-Presidential candidates this 2016.
He asked the question “What can be done to improve the weak judicial system of the country”.
Just like any smart stock trader, he knows the value of understanding how politics has a direct effect on trading.
If you want to have a better understanding of what is going on, you need to be able to connect data and use it to analyze other patterns in the market.
Everything is interconnected- nothing is separate, when you make a decision in life, especially in trade you need to consider a lot of factors.
John Mangun acts and reflects like a Philosopher.
As seen by the way he looks for ways to include more data through careful analysis of past and current events.
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