Lemon, yes I'm the author.. gg As for winging it versus having methodologies, the market forces one to be more conservative over time. If one practices anything for a long period of time one unconsciously or consciously creates a methodology whether its based on first hand knowledge, using charts, being an economics whiz or a quant. The questions everyone eventually asks are:
A. What am I doing right, what am I doing wrong, what else can I do? There are thousands of solutions that work.
I found this AIM site for those interested. I'm sure there are many more. aim-users.com with a nice throw to Value Line here aim-users.com
One important thing to understand about the market, which is hardly ever discussed, is that its self predatory. Its not simply a collection of companies each succeeding to some degree over time with their prices going up and down accordingly. There are other forces at work.. cannabalism, leveraging and betting against success, deceptive information, facades, laws that encourage what isn't needed or wanted, laws that benefit position and power. Never assume a level playing field. And because of that every system occasionally becomes its own weakness, which keeps it interesting.
Jim |
