The stock market is a mechanism by which one can become skilled at making money. The barriers to entry are limited; you can open a brokerage account and start trading in a matter of days. However, the will to try is imperative, and to find success in the market, you have to teach yourself and be prepared to make mistakes. As long as the mistakes are limited and the successes outnumber them in both frequency and size, you will be in a position to continue on.
Unfortunately, I find that the world of trading is seen as some standoffish realm that only those with business school backgrounds can navigate. That’s the furthest from the truth and it is my hope that with continued contributions to this site, I will dispel that misconception. Although the frequency of my posts has diminished, I remain committed to that objective nonetheless.
With all of that said, let’s take a look at NetEase, Inc (ADR) (NASDAQ:NTES) and analyze its price action via the monthly and weekly charts: