VooDoo Training For the Stock Market

If you travel to Republic Of Haiti or other topographic points in the Caribbean you may run into the Juju tradition of magic. There are long and mostly noisy rites with the medical specialty adult male spouting words that convey great powerfulness and conjure up whatever it is the prayer desires. Great amounts of fume and mirrors.

Does this remind you of anything?

I hear the hypnotic words of my broker telling me about a fantastic stock. He bring forths multicolored charts and graphical records that dazzle my eyes. His chanting is “BUY, BUY, BUY”. I can’t resist. He have me under his spell. Thus the magic of Wall Street. Great amounts of fume and mirrors.

Brokerage houses and common finances only desire you to make one thing – bargain and HOLD. Never sell.

To get away the clasp of these prestidigitators you must begin to believe for yourself. I am certain you recognize that for the past 3 old age you have got been losing money. The recent mass meeting have returned some of your losings and Maul Street desires you to hang in there as the remainder of your money will be returning. Maybe. If the broker (magician) maintains doing what he have been doing you are going to get more than of the same results. If you have got lost 30 to 50% of your nest egg during the past 3 old age don’t you believe you could make as well without the “help” of a broker or financial planner?

OK. No more satin colored booklets (smoke and mirrors) about how fantastic a company is. If you cognize it then so makes everyone else. This type of ‘research’ is worthless. Leave that to the common monetary fund managers. It looks to be what they do best - or is it worst?

Wall Street preaches the prevarication that if you throw you will make money, but that is only half the story. You have got to be able to throw for 30 years. Oh, they forgot to state you that?

The most of import thing about the stock market is not buying – it is selling. Did you recognize that every 10 old age about 40% of the S&P500 index changes? Mr. Standard and Mr. Poor recognize you can’t clasp onto a also-ran so they drop out the weak 1s and replace with pillory that are going up.

You desire to be in the market when it is going up, not down. You have got to cognize when the market is going up and that is called market timing. It is not cheating by late trading; it is apprehension that the long term tendency is up (or down) and you desire to have finances at the clip (or be out of the market entirely). A broker or financial contriver will not assist you, but it is very easy to learn. Go to the search engine called www.Google.com and type in market timing. You will be flooded with information.

You must to get out from under the Juju enchantment of Buy and Hold as it is a guaranteed loser.