Thinking of throwing in the towel

>....is this is a fool's game?

Yes, it is definitely a fool's game. I have gone thru what you described (and a lot more) and I can give you the following advise -

* You think there is a 'mentor' out there that can make $$ for you - you are wrong. If the 'mentor' knows how to can make $$, why he/she has to do it for you? If I have a way to make sure $$, I would not tell you.

* Today's stock market is not an investment, it is a gamble. Are you a gambler?

* Mutual funds are not insured. There are enough traps set by crooks out there that will kill you before the market does.

* A lot of very famous fund managers go broke and/or go to jail.

* Very few fund managers can beat S&P (for you), They win all the time disregard what happen to you because they charge you fees.

* Do not buy single stocks - long or short.

* This is the one tip I can share with you to make $$ and it works for me - TURN OFF YOUR TV WHEN YOUR ARE MAKING TRADING DECISIONS.

* If you listen to experts like Jim Cramer for example, you'll lose your shirt. These experts try to make a living by telling you they can see the future.

* Do your own research - they are all on the Internet.

* Only 'gamble' with what you can afford to lose.

* Fall off the horse? Get back up and do it again.

* There is a solution out there that fits your style and limits. Go find it.
 
Quote from jack hershey:

color=green]You could be making your annual salary daily after just putting in a few hours daily for about 40 to 60 days. Start with the same bucks William J O'Neill did (adjusted for the time change in cost of living today) See page 172 of "24 Essential...."[/color]
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:confused:
 

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I know Jack is not advocating strict CANSLIM, but it would be worth any individual investors time to check out the performance of AAII's CANSLIM models over the last 10 + years.

I still think asset rotation is easier but CANSLIM works and so do other strategies based on relative strength of stocks and other criteria (see Kirkpatrick).
 
Quote from TraderZz:

I know Jack is not advocating strict CANSLIM, but it would be worth any individual investors time to check out the performance of AAII's CANSLIM models over the last 10 + years.

I still think asset rotation is easier but CANSLIM works and so do other strategies based on relative strength of stocks and other criteria (see Kirkpatrick).
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I am getting bored with JHM stuff. Any advice where to read up asset rotation. :p
 
Quote from Paddler:

I am getting bored with JHM stuff. Any advice where to read up asset rotation. :p
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Haha..cmon cut this bolshet will you,most maney in SCT and you don have an unlimited cap.Though I'd like to know about ssr more,too.
 
You only need one system and only one that works That shows the cycles in the market. The market makers are the ones taking your money the whole market works off fib cycles. Find the fib cycle along with the week cycle and you can day trade, add volume to it as a confirmation. The best entries are the Asian session exit the American session. The cycle started on Sunday, completes on Friday there will always be a mid week high or low. There is so much more news roll over trickery. I can send some picks to show how it works
 
Quote from fk1028:

>....is this is a fool's game?

Yes, it is definitely a fool's game. I have gone thru what you described (and a lot more) and I can give you the following advise -

* You think there is a 'mentor' out there that can make $$ for you - you are wrong. If the 'mentor' knows how to can make $$, why he/she has to do it for you? If I have a way to make sure $$, I would not tell you.

* Today's stock market is not an investment, it is a gamble. Are you a gambler?

* Mutual funds are not insured. There are enough traps set by crooks out there that will kill you before the market does.

* A lot of very famous fund managers go broke and/or go to jail.

* Very few fund managers can beat S&P (for you), They win all the time disregard what happen to you because they charge you fees.

* Do not buy single stocks - long or short.

* This is the one tip I can share with you to make $$ and it works for me - TURN OFF YOUR TV WHEN YOUR ARE MAKING TRADING DECISIONS.

* If you listen to experts like Jim Cramer for example, you'll lose your shirt. These experts try to make a living by telling you they can see the future.

* Do your own research - they are all on the Internet.

* Only 'gamble' with what you can afford to lose.

* Fall off the horse? Get back up and do it again.

* There is a solution out there that fits your style and limits. Go find it.
More...


+1
 
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