Hi readers
A number of Australian readers have been asking question regarding stocks which have fallen from grace.
While I haven't done any astrology to foresee the future of these stocks market can over reacted on occasions on the potential implications of news release.
The question you need to ask yourself is.. If your prepared to buy it at $4 then at $1 it's a steal ... Or is it?
The problem i see in today's market is that we jump on what market analysts say without doing our own research.
Back in the 80's and 90's smart investors always did there own research.
I guess today most who do that kind of research now all work for hedge funds.
Most investors look at technical analysis and compare it to recommendations put out by broking houses.
That's why Warren Buffet and George Soros are so successful.
They go out and do there own research, not take the work done by some hot shot university graduate.
Yes the last comment will upset some readers but they are the words of Mr Buffet himself in Omaha 1994, at the Berkshire AGM..
Was there and asked the man himself!!
The Internet doesn't have all the keys to life people sometimes you do need to walk around and see for yourself businesses.
Lived by that my whole life and will preach it.
That way you can only blame yourself if you make a mistake.
There are a lot of good people in the financial industry, looking to help small investors, with there own experiences, but there are also ruthless dogs who only have commission on there mind.
Best way to keep away from them is to trade online.
On the question of who are better traders, men or women ? The answer is both.
Women have no ego and will take profits.
Men enjoy bragging about the profits, most times loose them for holding out too long.
Flip side to that !
Men can handle pressure better than women.
When it's against them men can cut the losses out where as women tend to freeze up and hope it turns around.
This will not apply to everyone... Just my experience of seeing how people trade.
In the market
We saw the market make an effort to trade higher and while I lost money on the Nasdaq trade, and made coffee money on the ES, We made money on the ASX200.
In stocks
I'm glad some have held off, letting the scalpers finishing playing around and then see where the price is.
Please note as we are getting close to December trading will lighten up.
Act according also.
Not sure if this occurs but when trading small stocks that's the best time to buy as many look to book losses or close profits from risk of loosing them.
A number of Australian readers have been asking question regarding stocks which have fallen from grace.
While I haven't done any astrology to foresee the future of these stocks market can over reacted on occasions on the potential implications of news release.
The question you need to ask yourself is.. If your prepared to buy it at $4 then at $1 it's a steal ... Or is it?
The problem i see in today's market is that we jump on what market analysts say without doing our own research.
Back in the 80's and 90's smart investors always did there own research.
I guess today most who do that kind of research now all work for hedge funds.
Most investors look at technical analysis and compare it to recommendations put out by broking houses.
That's why Warren Buffet and George Soros are so successful.
They go out and do there own research, not take the work done by some hot shot university graduate.
Yes the last comment will upset some readers but they are the words of Mr Buffet himself in Omaha 1994, at the Berkshire AGM..
Was there and asked the man himself!!
The Internet doesn't have all the keys to life people sometimes you do need to walk around and see for yourself businesses.
Lived by that my whole life and will preach it.
That way you can only blame yourself if you make a mistake.
There are a lot of good people in the financial industry, looking to help small investors, with there own experiences, but there are also ruthless dogs who only have commission on there mind.
Best way to keep away from them is to trade online.
On the question of who are better traders, men or women ? The answer is both.
Women have no ego and will take profits.
Men enjoy bragging about the profits, most times loose them for holding out too long.
Flip side to that !
Men can handle pressure better than women.
When it's against them men can cut the losses out where as women tend to freeze up and hope it turns around.
This will not apply to everyone... Just my experience of seeing how people trade.
In the market
We saw the market make an effort to trade higher and while I lost money on the Nasdaq trade, and made coffee money on the ES, We made money on the ASX200.
In stocks
I'm glad some have held off, letting the scalpers finishing playing around and then see where the price is.
Please note as we are getting close to December trading will lighten up.
Act according also.
Not sure if this occurs but when trading small stocks that's the best time to buy as many look to book losses or close profits from risk of loosing them.
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