MBViet

 A portfolio or trading account at a broker should be run just as any other business. Operating principles should be established, goals should be set, plans should be followed, and the risks and rewards from potential transactions ascertained. We have already discussed that the perceived cost of entry into the investment business is far lower than any other business and that this encourages the inexperienced to try their hand. People who would never take a plunge in a business in the "real" economy are often willing to commit a large proportion of their net worth to the markets. This is due not only to the ease of entry and the view that playing the markets is relatively simple but also to the fact that markets are very liquid. Let's compare the ease of buying and selling a stock or bond with that of buying and selling any other business. For example, you might purchase a small retail store and then find that running the business is not as easy as you had thought. Perhaps...

  The target of objectivity or mental balance lies approximately in the middle between the two destructive mental forces of fear and greed. Fear is a complex emotion taking many forms such as worry, fright, alarm, and panic. When fear is given free rein, it typically combines with other negative emotions such as hatred, hostility, anger, and revenge, thereby attaining even greater destructive power. Aspects of Fear In the final analysis, fear among investors shows itself in two forms: fear of losing and fear of missing out. In his book How I Helped More Than 10,000 Investors to Profit in Stocks, George Schaefer, the great Dow theorist, describes several aspects of fear and the varying effects they have on the psyche of investors: A Threat to National Security Triggers Fear. Any threat of war, declared or rumored, dampens stock prices. The outbreak of war is usually treated as an excuse for a rally, hence the expression: "Buy on the sound of cannon, sell on the sound of trumpets....

This Method Will Change The Way You Trade Forever   Avi Gilburt, The Market Pinball Wizard   Chapter 1 Providing an overview of my analysis methodology. Background on Elliott Wave analysis. Recent experiments support the basis for Elliott Wave. In 2011, I began writing for Seeking Alpha, and quickly encountered a major challenge. I realized that writing about technical analysis on a fundamental analysis website was not going to be easy. While those that initially read my articles were quite skeptical (and that is probably being kind), as Seeking Alpha readers began to see the accuracy in my analysis, I started to gain a following. It was not long until I was the number one followed metals analyst on Seeking Alpha, and have basically remained in that position for the great majority of the seven years I have been writing on Seeking Alpha. Lately, one of the commenters to an article I wrote suggested that we peel back the curtain regarding my analysis methodology: “You...