Category — Education
June 25, 2013 Comments Off
‘The more I see, the less I know for sure.’ – John Lennon
When you’re younger, your limited life experiences tend to cloud your judgement. At eighteen you know everything (at least if you’re male).
The more you experience life, the more you realize how little you actually know. And that which you think you know, may not even be correct.
Twenty-six years in financial planning has taught me a lot. None of it came from textbooks. No amount of theory can replace experience.
Just when you think you know about markets, along comes a surprise.
Allow me to share with you what my experiences have taught me and what I think I know about theinvestment business… [Read more →]
June 24, 2013 Comments Off
Technology helps the world advance. As humans it’s in our nature to investigate, innovate and solve problems.
This curiosity means we make things, create things and develop new technologies.
You can look back thousands of years for basic examples of technology pushing civilisation forward.
Stone Age: it might sound simple, but the development of stone and bone blades and tools was vital to the development of mankind. The earliest example of innovation and technology is a shovel that was fashioned from the shoulder blade of an Ox.
Iron Age: in the Iron Age, iron smelting was all the rage. It helped make better, more efficient tools. This helped construction, agriculture and civilisation continue to advance.
Industrial Revolution: the industrial revolution sparked a wave of new technology. Manufacturing went from being hand produced to machinery made. New efficiencies and tools helped to bring an era of unprecedented wealth.
Of course I’ve skipped a few different ages. Importantly though you can find examples in the Bronze Age, the Atomic Age and the Information Age too. [Read more →]
June 23, 2013 Comments Off
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
May 2, 2013 Comments Off
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
March 4, 2013 Comments Off
March 1, 2013 Comments Off