OFF TOPIC
Al, this is not meant to be a putdown so please don't take it that way. INVESTING IS A BUSINESS. If you are serious about investing in learning, take your wallet to Borders (or call Traders Press, Inc. at 800-927-8222 and order a catalog) and buy some good books on investing strategies. There's lots to choose from. I currently have over 40 such books and buy 3-5 more each year. Like one studying the art of war, I don't care if the author agrees with me or not. I just want to understand his mind. Fundos? Technical analysis? Day trading? Short term? Long term? Options? Buy and hold? All these strategies and more can be found in books. If you REALLY want to learn, you'll invest in books that teach you the business of investing. First, learn the various styles, then experiment until you find your own style. Then, and only then, go for it.
Ed may have some valuable trading techniques that work for him. But investing is highly personal, geared to the investor's emotional makeup, and Ed's style may not be suited to your temperment. While many folks use the same techniques that I do, no one does it in exactly the same way that I do. Does that mean that I'm right and they're wrong? No, it means that my style is different than theirs.
Oh, one other thing: Buy a charting software package and start looking at charts. Many think that looking at charts is akin to looking at goat entrails or reading tea leaves. They're wrong. TA isn't always correct in its predictive tendencies but who is?
Arnie |
