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Shooting over a dispute
An internal conflict between two men apparently caused a shooting and killing at the start of Sunday evening in the northeastern side of Atlanta. Atlanta police officers were sent to the Auburn Street and Jesse Hill junior where they discovered the wounded man who was seem to be seriously wounded by gunfire. The alleged victim was immediately transferred and was widely reported to be in a critical condition in a hospital emergency room. One suspect was arrested around this point by the authorities. The victim appeared to be shot throughout a bitter dispute followed up by further case investigation. Police operate as per the jurisdiction to help determine the exact circumstances of the incident that happened.
Two fled suspects died in the state of Atlanta
A local new channel of Atlanta confirmed that 2 men died on Friday while they were desperately trying to escape the police officers who tried to challenge a felony warrant. Both of the individuals collapsed and died instead on the ground while they hit into a tree and power post. Appeal to the incident was created by the State Police officials. Based on the most recent information provided by the GSP, a criminal warrant was executed on the Southeastern Park Road of United States Marshals for murder, assault, robbery, and were charged with aggravated aggression. There was no pursuit against the accused, officials reported. The primary care physician was at 12:00 on the place if incident while the dead bodies were taken away from the suspected car.
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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.
Article written by
Kathleen Bostinto
Beautyontheroad.net
Chattanooga resident
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.
Hendrix Motors
I applied forr Accounts Payable position through Addison Group Ms. Emily. I went to an in person interview with V.P. Finance and Controller all went very good. they asked me to make up some new was of doing Accounts Payable. I emailed the V.P. of Finance and Controller to advise I took a position with Goodwill and wanted to remove my name for their position. They wrote back thank me for my time and the information I sent to revamp the Accounts Payable position showed leadership and very maticial thinking. Then V.P. of Finance called Ms. Emily of Addison Group and told her how unprofessional I was and They will never do business with Addison Group again. Ms. Emily call me to see what happened. Ms. Emily advise me she had to drop me as a client and my 10 year relation ship was over.
Goodwill Industries
I applied for an Accounts Payable position. I received and viedo interview with Ms. Henry and V.P of Finance. Three weeks later got email invite to see facility and reviefew Accounts Payable position. My experience of 35 years in Accounting field made me think this was the perfict oppturnity. I went to office and stood out side the building 45 mintues before the security officer allowed me in. Ms. Henry came down stairs and signed me in. We walked to the second floor and started our walk of the office, she showed me my desk the computor system and said the job was mine and I had to wait 2 weeks for the payroll syscle and would receive a offer letter and laptop to work from home. I waited two weeks and sent email to Ms. Henry to find out were my offer letter and laptop were. Ms. Henry and V.P of Finance sent email back you did not get the job.The next day the Director of employment Chip Bryan called me and said I was one of three candities and I did not get the job because I was 45 minutes late to interview and I brought personal effects to office. I tod him that is a silly excuse and who did get the position? Mr. Briant replied no one. They have relisted the position and look for better candiates. I said thank you I gave up two jobs Drypro and Hendrix Moters and now in jeporty of lossing my dream Mountain Cabin . He said that was the cost of doing business.
POLICE INVESTIGATES TWO SEPARATE FATAL COLLISIONS
2 individual expired on a separate crashes in Charlotte on Monday, cops claim.
The first collision occurred just around 5:30 pm on Lees Crossing Drive in northeastern Charlotte.
Cops also confirmed a car has lost all control and entered the wrong lane. The person was admitted to the hospital and died afterward.
The other accident occurred when an S.U.V smashed into an eastern Charlotte house on Cello Row.
Emergency medical officers stated that 1 person was declared dead within the building, and 2 others have been hospitalized.
Authorities say they 're trying to gather further details about the accident.
No further detail has been given yet.
Contents
- Introduction
- Not cutting your losses
- Overtrading
- 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
Introduction
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.
2. Overtrading
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.
Closing thoughts
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.
