If you had three stock market wishes what would they be?
David Gurwitz discusses Mr Nenner’s latest forecasts and his Special Olympics Connection.
Are you willing to make things simple or are you wanting to make trading as complicated as you believe it ought to be?
Let’s face it, there is absolutely no logic- if we understand logic to be just another word for common sense-in the stock market.
The main barometer I use to measure to strength/weakness of the market and, therefore, the barometer I use to help me make individual stock trading decisions is the futures, particularly the S&P futures.
Question: What kind of check can be cashed every day the market is open?
Answer: A reality check.
COMMON MISTAKES and a shorter list for those who do not make as many mistakes.
I do this for good reason. It is to remind me, and anyone who cares to read what I have to say, that trading is a daily battle in the war for financial survival; therefore, we all best be prepared. If you are thinking about trading you are about to enter a battlefield that few survive, especially if you enter with no clue as to how to defeat the enemy. Part of knowing how to defeat the enemy is knowing what weapons to use, how best to use them, and when it is best not to battle. This last point is what I wish to focus on today.
Trading, I have heard it said, is nothing more than gambling. Obviously, there is an element of risk and speculation involved but is there not a risk involved when we sit behind the wheel of our car, go boating, or climb a mountain? There is. But do we not do these things because of the risk? We prepare to meet the risk and we accept it. As a trader we meet the risk by preparing for it. If we do not prepare for it, then we are gambling. We are the mountain climber without a rope; on a boat ride without a life preserver: behind the wheel without a seatbelt.
