Adam Khoo youtube, and moving forward

I think he has one of the most informative youtube videos, and they are free.

Just direct and efficient.

Video start, hands on, get to see how he does things.

Link below:

https://www.youtube.com/watch?v=OBmcK8pTdFU&t=77s

Some things interest me in the 17 min video.

Bear markets can last 6 mths to 1.5 years.

He uses 50, 150, 200 simple moving averages.

How to set in thinkorswim?

Go to charts, studies, select simple moving average, then edit studies to select periods for SMA.

SMA is useful for SPX (S&P500) chart, to see if the market is on up or down trend.

Amazon quite often bounces away from SMA 200.

Apple quite often bounces away from SMA 150.

I usually set SMA 200 in green, as I feel it is the long term story, and green means calm.

SMA 50 is usually red for me, as it is more intense, and represents more current emotions.

When SMA 200 is sloping downwards, it can mean a bear market.

Currently my thoughts on the market is that it may be a long awaited bear market.

But I will slow down on my buying.

I will still buy, but cautiously.

I want to have enough bullets when prices are real good.

But will still buy slowly just in case the bear won't last.

One way to know when prices are quite good is when stocks go to levels of 2008 crisis.

Maybe I will already have spent 50% of my reserves at the level, with the thinking that this crisis may be even worse then the previous.

I am also looking forward to stock up on Chinese shares.

China scares me, and one way to allay my fears is to invest in them.