Archive for General Articles
The side effects of bad investments
Posted by: | CommentsI have a friend in the US who is researching Pump and Dump Schemes, he believes he can create a system which will enable him to “Short” the schemes as they are being promoted. Pump and Dump schemes are of course what underlies some of the Free Penny Stock Newsletter Companies or scams as I like to call them. Read more about pump and dump here. He believes he will be able to beat them at their own game. This is a risky business because they control the data and the timing and he does not.
Anyway he told me about the many people who he speaks with and how they actually got into debt because they believed in these scams. Can you believe that. Not only did they lose their investment pot, but even believed in Penny Stocks or Hot Stocks so much, that they even took out loans to invest in these schemes and follow these self proclaimed gurus. These types of stories are heart wrenching and inevitably end in breaking the family home also.
So a word of warning. Only believe in yourself, trust yourself and if you do not have enough knowledge or confidence, do not invest in stocks.
I have today a Guest post from a gentleman called Jason Holmes. I think it provides some good advice on what to do if you do get into debt and cannot manage the situation anymore. Of course if you are in debt, you certainly should not be investing in the stock market. I thank Jason for his contribution.
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How bill consolidation helps you
If your outstanding bills are giving you a nightmare, the bill consolidation program is the solution you are looking for. It is a program that helps in your hour of need when managing too many bills together becomes difficult.
What is a bill consolidation program?
- A bill consolidation program gives you the opportunity to combine all your monthly debts into one monthly installment which is to be paid to the consolidation company.
- This is further distributed to your multiple creditors.
- Interests and fines are greatly reduced so that you can pay your debts more easily.
How to Lose Money in the Stock Market – Hot Stocks Newsletters
Posted by: | CommentsSomething has been on my mind for a while and I think it is about time to speak out. If you are new to trading or even if you have been trading for a while there is something important you really need to know. There are a number of businesses out there that peddle “Hot Stocks Newsletters” or “Penny Stock Newsletters”. While in theory there is nothing wrong with this as a service, quite a number of these publications operate under a clear conflict of interest.
For example, go to Google and type the following.
Here you will see Google adverts from companies promising %%% returns from buying the stocks they recommend. However if you visit any of these sites and navigate to the disclaimer you will find an important piece of text that explains their business model. Here are a few examples.
Do you believe in “Blue Monday” or the “Friday Effect”?
Posted by: | CommentsAs you may or may not know I am currently researching my new book and I would be absolutely fascinated to find out how many of you believe in the terms “Blue Monday” and the “Friday Effect”. Blue Monday refers to the idea that Mondays tend to be negative days for Stock Markets in general. The Friday effect refers to the idea that Fridays tend to be positive overall. The results of your feedback (if enough people respond) will make it into the book. Any really good comments I will reference to give you credit.
Looking forward to your wonderful thoughts.
Thanks and I wish you a wonderful trading week.
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Technical Analysis, how much do you use it?
Posted by: | CommentsDear Reader
I am currenty writing a book and recording the multimedia Trader Academy Pro Training course, which will be absolutely unique. However while I am tuning the content I have a question for you ! Technical Analysis, how much of it do you actually find useful or use?
There are so many theories and tool sets out there!
- Japanese Candlesticks
- Bollinger Bands
- Envelope Channels
- Moving Averages, MACD, RSI, Stochastics
- Momentum, Rate of Change (ROC)
- Sentiment Indicators (Market Vane for example)
- Dow Theory
