My reference to being a veteran was not meant to make you feel guilty or sorry for me. It was a simple statement, a beating of my chest, to show you that you are not dealing with a college kid now (no offense ~protege) but with a combat veteran that knows how to fight. The disabled part was to show you that I am not afraid to fight.
As I already told you, I acknowledge your courage. Further, I have never questioned your ability to fight.
Now, your experience as a fighter indeed puts you at an advantage from others to enter the stock market, because, as much as it is a casino, it is indeed it is a merciless battleground.
The only objective here is to take the other participant's gold. It really is a grown up's game, lots of money, serious money is made and lost, no frills. However.....
You must be prepared, in mind and body to win, that means, being informed, and ready to act. no second guessing.
So, it means being informed about the company you invest in, about the technical and fundamental analysis of every stock you consider, about the techniques used, about the ethics, (and lack of), that are used.
It also means knowing how you react if the market goes against you, pride in being right or wrong has nothing to do with it, the intentions and dreams of particular CEO's or PR firms, can cloud the picture, indeed they do.
The psychology of the participants are as important as the technical and fundamentals of the companies.
Please go back to August through mid October's head lines in the pathetic media we suffer from....
You would think the end of the financial world is upon us.....Now, look at the stock charts..... guess who is gladly going to the bank....with tons of profits.....you answer those questions....
Then read this:
#reply-5468042
The one and only question to answer day in and day out is,
AM I MAKING MONEY ?
If not, what is it I am doing wrong? You have absolute control here.
What I say, or anybody else is irrelevant.
Again, if you are looking for social interaction, better look elsewhere, the stock market is to make money..... or lose it.
I have always respected your knowledge Z, and wished to learn from you, but I hate your tactics.
Well, kind words there, and I thank you, I do not believe I deserve them as I really need to learn a lot more, in the market, you never know or learn enough, the market always manages to fool anyone, just take a look at the latest debacle, Long Term Capital Management.
It went belly up, and those guys are Noble Laurates, high caliber mathematicians and economists.....
And sorry to bring it up, but....their knowledge and accomplishments, are irrelevant, in the end, there is one single event that matters, they made the wrong choice and the market killed them (figure of speech)....
Was that indecent ?, or uneducated ?, or... whatever.... it does not matter, what matters is that they were wrong, and the market was right.
Remember, the market is always right.
Do a simple test.....
Look back in the stock graphs, say, ten to fifteen years back, and execute a simple exercise, calculate a specific dollar amount, either invested in a lump sum, or steadily over the same time in the different stocks. Use stocks that either are, and always have been recognized as sound and reliable,
Then do the same with stocks that were not well known, but as time went on they became today's blue chips.
Then do the same with the pennies...
And please do not use the argument that "Microsoft, was once a penny stock", because long after Microsoft had left the universe of an unknown company, it simply kept on powering up, and up and up.....
And there are others, they are similar.....
Then draw your own conclusions, and if you still think that your chances of success still lies with the pennies.... well then be my guest, and invest with gusto in them.
As for my tactics....
Ah well.... I never enter popularity contests... I always lose, even without entering....
z.
good luck to you. |
