How To Pimp Some Cash On The Side
What is RSI and How Can it Help YOU Become a Better Trader?
You’ve got your long-term buy and hold investing strategy down and now you’re itching to swing trade a few stocks in your watchlist to pimp some cash on the side.
BUT when is it a good entry to buy that damn stock?
In walks your new best friend RSI or the Relative Strength Index to prevent you from making bad trading decisions.
What’s a RSI?
RSI is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
You are probably going…WTF are you talking about?!
Ok, in short, RSI basically shows you the strength of the market or specifically of the stock that you’re looking at.
When trading shares, you want to buy stocks when they’re cold 🥶 or oversold and sell stocks when they’re hot 🔥 or overbought.
It’s already too late whenever your buddy or mom is telling you to buy a certain stock, like Tesla at the end of summer.
Remember our goal is to BUY LOW and SELL HIGH, not BUY HIGH AND SELL LOW.
🚨 Action Steps 🚨
Now, what does RSI look like and how do you use it to your advantage?
Go to www.tradingview.com (it’s free)
Search FSLY into the ticker and hit enter
Click on the “Full-featured chart”
Watch the short video below 👇
>>>> Intro to RSI (Relative Strength Index) <<<<
I genuinely want to build a community of like-minded people who want to achieve financial freedom. The choices you make today will give you control of your money, your life and your future.
As always, feel free to leave a comment or text me at 804-513-8718 if you have any questions!
- John Michael Fulton