Local Chattanooga Tennessee news, United States of America
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NO TORNADO WARNING!!!
TREMENDOUS DISTRUCTION IN CHATTANOOGA, TN.
Not one received a Tornado Alert Warning! Not one.
Chattanooga residents and beyond were not alerted in the East Brainerd community in Hamilton County, Tennessee, United States. The population being 14,132 at the 2010 census. All the residents of Hamilton County never received a warning to there cell phones, radios, news stations. The people of East Ridge, East Brainerd, Ooltewah and Collegedale developments and all of Tennessee looked at there cell phones to find out the alerts, which stated major Flood Warnings were in affect. In fact the alerts that were sent out to Tennessee residents were only alerting cell phone users of exactly that. Severe Flood Warnings, nothing more.
On April 13, 2020 at 4:07 am a Massive Tornado hit down and destroyed all of these Towns. Destruction of many homes, businesses, nursing homes, elementary school, churches and so much more. While the residents slept in peace, without a "Warning of Danger to come. At 4:07 a.m a whole community was wiped out, leaving town residents in despair. Lives destroyed along with devastation, loss and months of repair in front of each and every resident to deal with, as the sun rose that morning.
As Kathleen Bostinto from Ooltewah, TN walked through the towns, taking pictures of a most of the destruction that had taken place. Kathleen spoke to the home owners as they gathered with others to take there possessions out of their homes, businesses, buildings etc... that were left in a rubble. All that was left behind by this massive tornado. Kathleen listened to there stories of pain, heartache and despair. She listened to there needs as they cried out saying "We Never Received A Warning on our phones or News Stations. Many residents said over and over "We were only Alerted to expect Flood Warnings, Not Tornadoes.
The question here is, What Happened to the Alert that comes to each and every person in Tennessee, Alerting each and every one of us to the Danger approaching? Not one Alert was in site, which left so much destruction and despair. That gave no Warning to protect and take cover. To get out of Harms Way!
Someone must be held accountable for this! Thank God, from walking though out the town there were no deaths, just massive destruction that took place and it will probably take about 6 months to a year to rebuild. Many residents were thankful that the insurance companies stepped up quickly with cleanups and repairs.
Many rescuers came, church organizations such as Heart with Hands from Asheville, NC, Red Cross, Churches in the near by towns and many people from different communities in Tennessee gathered funds and supplies that were available immediately to the survivors of the destructive tornado that took place not only in E. Brainerd, but a few other towns that destroyed many homes buildings and businesses. We the people are thankful for the all the volunteers and donations that came quickly and to the many that still remain helping day and night to all those in need. We also thank the electric and water companies working from morning to night in rebuilding and repair. Thank you to all the hard working citizens that have been there from the beginning and remain till this nightmare is finally under control. God Bless all those who faced the devastation and lived through the breath taking nightmare, of it all.
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I interviewed Via a mother of 5 children. All of them found shelter in there garage. Via is thankful they are all safe. She said "This disaster was a warning to the world. To get right with the Lord before its to late.
Metal long fence, rolled up like a carpet.
Latest news Chattanooga - here are the news of nearby cities
Mass demonstrations and pickets took place across the United States in response to gunfire at a spa in the Atlanta metropolitan area of Georgia
Then 21-year-old American Robert Aaron Long killed six Asian women.
Rallyers gathered to condemn the surge in violence and hatred against Asian Americans and to commemorate the eight people killed in the Atlanta attacks, including six Asian women.
Robert Aaron Long, 21, who killed six Asian women, may not have acted out of racial hatred. The guy was being treated for sexual addiction
Four people were killed, one was injured at the Young massage parlor in the suburbs of Atlanta. Later it became known about the attack on two more similar institutions - Gold Massage Spa and Aroma Therapy Spa. Three women died at Gold Spa, and another woman died at Aroma Spa.
In Nashville, while filming a robbery prank, its author, 20-year-old Timothy Wilkes, was fatally wounded
Wilkes and his friend wanted to make a joke video for the YouTube channel, pretending to be robbers.
The object of the drawing was a group of young people who were in the parking lot.
The deceased and his friend approached them with butcher knives in their hands.
One of the young men they wanted to play - 23-year-old David Starnes Jr. - mistook the rally for a real attack and shot Wilkes.
As a result, the guy was mortally wounded.
When the police arrived at the scene of the incident, Starnes admitted that he shot Wilkes, but said he did not know about the prank.
The police have already launched an investigation. However, Starnes has not yet been charged.
Swirl Season To Debut Two Albums In All Stores This February
According to sources, Swirl Season’s “Wolfpack: No Taming (Vol. 001)” mixtape will debut on all platforms on February 3, 2021.
A second project will debut on February, 14, 2021. That project will be a re-release album titled “Romeo’s Dead” which will contain modifications of the original 2018 release.
NASHVILLE WEEKLY WEATHER UPDATE
As per the 7 day prediction from the robot-powered weather channel Saildrenone, Nashville is expected to cause moderate showers in the next few days. The rain best opportunity is expected from Thurs through Fridays. Thursday will see the maximum precipitation, with 1.00 inch of forecast precipitation.
Even now the instant weather has light winds in town. On Thurs, winds are expected to rise up to Nineteen miles whereas currently will be cooler with a maximum velocity of just Thirteen miles.
Temps on Sunday will hit their lowest point of the week, dropping to 64 degree and remain cool across Monday.
LOUISVILLE POLICE IS LOOKING FOR A MISSING MALE OF AGE SEVENTY-SIX
A Warning is released as officials seek to find a guy, who is lost for 2 month.
Micheal-shade, Seventy-six, was last reported in Louisville's South region on Feb Ten in the region of South_Drive & Strwberry_Street.
Shades weights One-hundred and eighty-five lbs and is 5 inch and 6 centi-meter of height. Shade was adorning a plan_straw cap, blue pants and fleece sweater while last reported.
Louisville City police are reporting that Shade also have some clinical problems that may need help.
Anybody having any details regarding Micheal-Shade's position is urged to contact Cops.
Police recognize the person who passed away right after he was hit by two cars in southwestern Louisville.
LOUISVILLE - Police have discovered a person that passed away on Sun evening after he was struck with 2 cars in Louisville area of south west
As per the police, the person recognized as 59 year old and his name is James . The reason for passing away is recognized as a number of pressure injuries on head caused by an accident.
The traffic police state that they have got a call at Eleven:Forty five p.m. Sun, Stonestreet Road and Area School Drive.
People, pets visit Louisville nursing home for Window Wags and Waves
Like most nursing homes, COVID-19 has made things hard for the occupants of Landmark of Iroquois Park. The office offered a few off-site activities for the individuals who live there to appreciate, however those have been deferred and guests are never again permitted inside the structure.
Notwithstanding the constraints, Landmark's executive of exercises Deborah Thrasher thought of protected method to spread grins all through the office that she calls Window Wags and Waves.Thrasher welcomed a few dog and their proprietors to welcome citizens at their windows. The gathering even incorporated a bunny and a saxophonist.
"Nobody needs to be overlooked," Thrasher said. "You would prefer not to believe you're here alone and no one is visiting you and not get why. What's more, when they see the pets visiting through the window they realize they can't come out however they're here for me."
Thrasher urged individuals to recall their friends and family in nursing homes during the pandemic and connect in safe manners, for example, window visits and calls. She said individuals can likewise give to help carry things to the residents like extraordinary outside nourishment and would like to get Easter containers for them.
- Not cutting your losses
- Revenge trading
- Being too stubborn to change your mind
- Ignoring extreme market conditions
- Forgetting that TA is a game of probabilities
- Blindly following other traders
- Closing thoughts
Technical analysis (TA) is one of the most used ways to analyze the financial markets. TA can be applied to essentially any financial market, whether that’s stocks, forex, gold, or cryptocurrencies.
While the basic concepts of technical analysis are relatively easy to grasp, it’s a difficult art to master. When you’re learning any new skill, it’s natural to make a lot of mistakes on the way. This can be especially harmful when it comes to trading or investing. If you are not being careful and learning from your mistakes, you risk losing a significant portion of your capital. Learning from your mistakes is great, but avoiding them as much as possible is even better.
This article will introduce you to some of the most common mistakes in technical analysis. If you’re new to trading, why not go through some technical analysis basics first?
So, what are the most common mistakes beginners make when trading with technical analysis?
1. Not cutting your losses
Let’s start with a quote from commodities trader Ed Seykota:
“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.”
This seems like a simple step, but it’s always good to emphasize its importance. When it comes to trading and investing, protecting your capital should always be your number one priority.
Starting out with trading can be a daunting undertaking. A solid approach to consider when you’re starting out is the following: the first step isn’t to win, it’s to not lose. This is why it can be favorable to start with smaller position sizing, or not even risk real funds. Binance Futures, for example, has a testnet where you can try out your strategies before risking your hard-earned funds. This way, you can protect your capital, and risk it only once you’re consistently producing good results.
Setting a stop-loss is simple rationality. Your trades should have an invalidation point. This is where you “bite the bullet” and accept that your trade idea was wrong. If you don’t apply this mindset to your trading, you likely won’t be doing well over the long-term. Even one bad trade can be very detrimental to your portfolio, and you might end up holding a losing bag, hoping for the market to recover.
When you’re an active trader, it’s a common mistake to think you always need to be in a trade. Trading involves a lot of analysis and a lot of, well, sitting around, patiently waiting! With some trading strategies, you may need to wait a long time to get a reliable signal to enter a trade. Some traders may enter less than three trades per year and still produce outstanding returns.
Check out this quote from trader Jesse Livermore, one of the pioneers of day trading:
“Money is made by sitting, not trading.”
Try to avoid entering a trade just for the sake of it. You don’t always have to be in a trade. In fact, in some market conditions, it’s actually more profitable to do nothing and wait for an opportunity to present itself. This way, you preserve your capital and have it ready to deploy once the good trading opportunities show up again. It’s worth keeping in mind that the opportunities will always come back, you just have to wait for them.
A similar trading mistake is an overemphasis on lower time frames. Analysis done on higher time frames will generally be more reliable than analysis done on lower time frames. As such, low time frames will produce a lot of market noise and may tempt you to enter trades more often. While there are many successful scalpers and short-term profitable traders, trading on lower time frames usually brings a bad risk/reward ratio. As a risky trading strategy, it’s certainly not recommended for beginners.
3. Revenge trading
It’s quite common to see traders trying to immediately make back a significant loss. This is what we call revenge trading. It doesn’t matter if you want to be a technical analyst, a day trader, or a swing trader — avoiding emotional decisions is crucial.
It’s easy to stay calm when things are going well, or even when you make small mistakes. But can you stay calm when things go completely wrong? Can you stick to your trading plan, even when everyone else is panicking?
Notice the word “analysis” in technical analysis. Naturally, this implies an analytical approach to the markets, right? So, why would you want to make hasty, emotional decisions in such a framework?
If you want to be among the best traders, you should be able to stay calm even after the biggest mistakes. Avoid emotional decisions, and focus on keeping a logical, analytical mindset.
Trading immediately after suffering a big loss tends to lead to even more losses. As such, some traders may not even trade at all for a period of time following a big loss. This way, they can get a fresh start and get back to trading with a clear mind.
4. Being too stubborn to change your mind
If you’d like to become a successful trader, don’t be afraid to change your mind. A lot. Market conditions can change really quickly, and one thing’s a certainty. They will keep changing. Your job as a trader is to recognize those changes and adapt to them. One strategy that works really well in a specific market environment may not work at all in another.
Let’s read what legendary trader Paul Tudor Jones had to say about his positions:
“Every day I assume every position I have is wrong.”
It’s good practice to try to take the other side of your arguments to see their potential weaknesses. This way, your investment theses (and decisions) can become more comprehensive.
This also brings up another point: cognitive biases. Biases can heavily affect your decision-making, cloud your judgment, and limit the range of possibilities you’re able to consider. Make sure to at least understand the cognitive biases that may affect your trading plans, so you can mitigate their consequences more effectively.
5. Ignoring extreme market conditions
There are times when the predictive qualities of TA become less reliable. These can be black swan events or other kinds of extreme market conditions that are heavily driven by emotion and mass psychology. Ultimately, the markets are driven by supply and demand, and there can be times when they are extremely imbalanced to one side.
Take the example of the Relative Strength Index (RSI), a momentum indicator. Generally, if the reading is below 30, the charted asset may be considered oversold. Does this mean that it’s an immediate trade signal when the RSI goes below 30? Absolutely not! It just means that the momentum of the market is currently dictated by the seller side. In other words, it just indicates that sellers are stronger than buyers.
The RSI can reach extreme levels during extraordinary market conditions. It might even drop to single digits — close to the lowest possible reading (zero). Even such an extreme oversold reading may not necessarily mean that a reversal is imminent.
Blindly making decisions based on technical tools reaching extreme readings can lose you a lot of money. This is especially true during black swan events when the price action can be exceptionally hard to read. During times like these, the markets can keep going in one direction or the other, and no analytical tool will stop them. This is why it’s always important to consider other factors as well, and not rely on a single tool.
6. Forgetting that TA is a game of probabilities
Technical analysis doesn’t deal with absolutes. It deals with probabilities. This means that whatever technical approach you’re basing your strategies on, there’s never a guarantee that the market will behave as you expect. Maybe your analysis suggests that there’s a very high probability of the market moving up or down, but that’s still not a certainty.
You need to take this into account when you’re setting up your trading strategies. No matter how experienced you are, it’s never a great idea to think the market will follow your analysis. If you do that, you’re prone to oversizing and betting too big on one outcome, risking a big financial loss.
7. Blindly following other traders
Constantly improving your craft is essential if you want to master any skill. This is especially true when it comes to trading the financial markets. In fact, changing market conditions make it a necessity. One of the best ways to learn is to follow experienced technical analysts and traders.
However, if you’d like to become consistently good, you also need to find your own strengths and build on them. We can call this your edge, the thing that makes you different from others as a trader.
If you read many interviews with successful traders, you’ll surely notice that they’ll have quite different strategies. In fact, one strategy that works perfectly for one trader may be deemed completely unfeasible by another. There are countless ways to profit off of the markets. You just need to find which one suits your personality and trading style the best.
Entering a trade based on someone else’s analysis might work out a few times. However, if you just blindly follow other traders without understanding the underlying context, it most definitely won’t work over the long-term. This, of course, doesn’t mean that you shouldn’t follow and learn from others. The important thing is whether you agree with the trade idea and whether it fits into your trading system. You should not be blindly following other traders, even if they are experienced and reputable.
We went through some of the most fundamental mistakes you should avoid when using technical analysis. Remember, trading isn’t easy, and it’s generally more feasible to approach it with a longer-term mindset.