Making money in stocks is easy but Wall Street tricks you into thinking its hard and that you need to pay someone to do it for you. We now know that buy, hold and pray doesn’t work. The ONLY reason to buy a stock is to sell it at a higher price. [...]
I want to take step back and talk about the very basics. Investing is one means to wealth preservation but savings and spending is yet another. Whatever your circumstance I can think of several cardinal steps in order of priority that must be part of your personal financial plan. [...]
Huh? Well, over the course of their investing/trading life, most traders are lucky if they 1) pick the right stock and direction 2) pick the right price 3) pick the right time to get in and 4) (this is the big one) pick the right time to get out. This only happens more than 50% to [...]
