Category — Education
Once you have learned to know the traps and pitfalls of trading in the stock market, (Usually by bitter experience) you can then more readily avoid them.
Making small mistakes are par for the course when you first begin to trade. It is quite easy to enter the incorrect stock symbol or wrongly set a buy level price too high.But these are excusable.
The traders main concern is to avoid making the mistakes that are due to bad judgment rather than just basic errors. These are the “lethal” mistakes which can ruin a traders trading career.To make sure that these pitfalls don’t occur, you will have to watch yourself very closely and stay alert.
Greed is a visible but serious mistake which most traders make some time or other in their trading career. No one is immune. [Read more →]
June 6, 2013 Comments Off
There are Four basic stages that a stock will go through at some time other in their trading history. It would be very prudent to recognise what these four stages entail as it could quite possibly save you from getting your fingers severely burnt and having a negative impact on your wallet.
This is the stage right after a stock has been experiencing a prolonged down trend. The stock which had previously been heading downwards begins to level off and now has begun starting to trade sideways forming a base a resistance line. What is now happening is that the sellers who once had the whip hand are now beginning to diminish because buyers are beginning to get more numerous. Usually what happens now is that the stock just drifts happily sideways without indicating any clear trend either up or down. [Read more →]
June 4, 2013 Comments Off
In the share market I do not mind hitching a ride with strangers because I understand that I am not a partner in that business or company.
Thinking you are a “Partner” just because you own some shares in the company is one of the most “FATAL” beliefs in the market.
Accept who you are and the role you play and that “Like that flea on the dog” you are just along for the ride.
This is not a time based strategy; it can be for one day, one week or a month or even longer. It all depends on the length of the ride and the trend of the stock as long as it is heading upwards and of course that’s the way you want to go.
As soon as the trend finishes or changes direction (goes downwards or sideways) then it is time to jump off.
You then wait till the trend restarts upwards or you can look for another ride elsewhere. [Read more →]
June 3, 2013 Comments Off
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Adam Hewison who is Preseident of INOTV will be supplying free training videos on various topics for Asxnewbie. To view these FREE training videos just click on the links provided. Enjoy.
The Gold Meltdown – What Happened?
In today’s Trade School video, we’re going to be looking into what caused the recent meltdown in gold prices. How could gold drop so precipitously in such a short time, given what’s going on in the world? Did it have anything to do with the ETF GLD or was a country forced to sell its precious metals to satisfy creditors?
I will share with you how you could have systematically made money in gold using our Trade Triangle technology, which has produced some very positive results over the years.
Since 1975, there have been 13 bear markets with an average drop around 14%. This would put gold below the $1,300 level, around $1,280.
In this short 4 minute video on gold, I will illustrate the importance of having a solid game plan and a market-proven approach. We will go through each trade in gold and share with you the results of using our Trade Triangle approach from the beginning of the year.
This approach is not for everyone, but we think you will agree that the results certainly speak for themselves.
For more information on the tools I use in this video click here.
April 17, 2013 Comments Off
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February 22, 2013 Comments Off
If you recall, I showed you a way to increase the income you can earn from stocks you already own.
I showed you exactly how to do that using Australia & New Zealand Bank Ltd [ASX: ANZ] shares as the example.
Of course, it’s not a completely simple solution. If it was, everyone would do it. It involves you taking some steps to educate yourself on how it works, and then putting it into practice.
As I said last week, it’s a great way to boost your income, but it’s not for everyone. And I certainly wouldn’t suggest you do it without doing the background work first.
After all, you wouldn’t drive a car without taking lessons. And a heart surgeon undergoes years of training before they’re allowed anywhere near the aorta or ventricle of a live person.
The same goes for using this income-boosting strategy — learn it first, before you try it. [Read more →]
February 12, 2013 Comments Off
February 11, 2013 Comments Off