Dan,...
My long list of musts do not run counter to those who make money consistently. They are rules for daytraders who want to consistently make money. You must know your stocks to make money with them consistently. Price and volume are but a fraction of what one must know. You must know who invests in your stock, what the market in your stock is, what industry it is in, and how the economy affects that industry. And who is throwing money at it. It is hard work, and who you know, is just as important as what you know.
Anyone who invests longterm, at now still near the peak of the market,...needs to see their priest. Few stocks you speak of are cheap even now. Look to the short term,...and forget the long term. I speak of only the short term.
Fundamentals are important, but insignificant if the sector is out of favor. Momentum is important, but insignificant if other factors conspire against it.
The market is pure psychology in the short term, and nothing else. The Chief has it right, I know he knows I speak the truth. Making money in the market is always more work than most of you think. |
