Buy low, sell high! That's the shortcut to a fortune, right? Wrong! It is just one way of loss-causing cliches that the crowd chants as they lose money year after year.
There are many other do's on the Wall Street that are really don'ts, such as the necessity of reading the financial pages and watching the evening TV business report so you are in touch with important developments in the economy and its leading industries. Or the need to get advice from a so-called Wall Street wunderkind who wears a three-piece suit and talks to other wunderkinds.
These aren't the answers and they won't put profit in your pockets. It's unfortunate that so many investors embrace these ideas as the key to financial well-being.
Buy low, sell high is a cliche, not a blueprint for action. It blinds investor to the professional' approach of buying high and selling higher, which I'll teach you to do consistently.
Being in touch with all the financial and economic news won't put your investments in the plus column either. In a word of computers and instant commmunications, the financial markets respond to the latest news long before you read or hearr about it in the press. In addition, the market sells on future rather than current earnings. In order to be successful you have to learn to use many clues the market actions provides. This blog will show you how to uncover those clues and turn them into profits.
Finally, relying on the advice of Wall Street wunderkinds, the brokers and analysts, won't get you very far. The overwhelming evidence is that their advice is inferior to the advice you will get from a set of darts thrown at a stock page. Too many people spend their time talking with other brokers and analysts. They fo to luncheons where executive of the Fortune 500 companies treat them to chicken Kiev and information about current company performance being served have been on the warning tables for a long time.
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