My Broker Doesn't Know
The market has been slowly (well, not so slowly in my case) coming down so I called my broker to find out what to do. And I thought I was confused. He did have some suggestions such as this is a good buying opportunity so send in more money and we (catch that “we”, but it’s my money) can buy some more shares and dollar cost average so when the market turns back up I will make a nice profit. Problem is he doesn’t know when that will happen. I asked about selling my shares and waiting until “we” saw it going up again and then I could buy back in. He definitely did not like that idea and told me I could not afford to be out of the market as I could miss the next big up move. He did not mention anything about missing the next big down move. He gave me that worn out story about staying in for “the long haul”. The truth of that story is it takes 30 years to wait it out and I don’t have that long. If I had been a shareholder in 1929 and not sold out I would have had to sweat it 25 years to get back to even. Even is not what I had in mind. Even doesn’t make any money. One of my friends told me to ask him about the 16-year cycle of bull and bear markets. He seemed confused at first, but as soon as he realized I didn’t know anything he became the expert again and told me there was nothing to it. Later I looked it up and found out he was wrong and was BS-ing me so I would not sell. Going back for more that 100 years there is a pattern of approximately 16-year bull and bear market cycles. The last bull cycle was 1982 to 2000 (OK 18 years, close enough). According to the cycle we are in the next bear phase may (I did not say would) last until 2016 or thereabouts. During those long term bear periods there are shorter term bull cycles. But you have to be smart enough to be able to see when those turns occur. My broker who is (supposed to be) smarter that I am said it is not possible to time the market - just buy and hold. Isn’t he supposed to know this? I went on the Internet and did a search about “market timing”. I was buried with all the information. There are many ways to do it so I looked for the simplest one I could find as I did not want to be trading in and out and also did not want to watch to market all the time. Was there one that I could relax and look at weekly or even monthly? I did see one called Two for the Money and showed it to my broker. He didn’t like it. Maybe because it involved equities that paid no commission. I think I’ll get a new broker. Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know. Copyright 2006 All rights reserved. |
Other Trading Tips Articles
A Short Term Tactic for Capturing More Profits It is called "dividend capture". This strategy is executed when a trader buys a stock just before the ex-dividend date, so that he or she will be a shareholder of record on the record date, and will receive the dividend. Because the stock falls by the amount of the dividend on the ex-dividend date, the strategy calls for the trader to then wait ...Management Accounts and Small Business Many small and medium sized businesses, as well as some large companies, have little idea of the financial state of the organisation.It some instances a daily, or even a less frequent check on the bank balance, purports to represent the financial control exercised by the business owner. Other performance indicators may also be used, but ...Best Brokerage Firms Based in Morris County, New Jersey, The Daily Record reviews the best brokerage firms around the brokerage world. It quotes Smart Money Magazine’s latest survey which placed Fidelity as “Premium Broker”, TradeKing as “Best Discount Broker”, and Merrill Lynch as “Best Full-Service Broker”.Yet, the Daily Record newsroom, headed by Warren Bo ...Dr. Livingstone I Presume? Dr. David Livingstone of Scotland, the great African missionary, narrowly escaped with his life in an Arab slave-raid near Lake Victoria in early 1871.With no supplies, and but a few surviving porters, he struggled south to his depot at the Arab trading center of Uijiji on the eastern shore of Lake Tanganyika.The desperate part ...Top 7 Tips for Aircraft Cleaning Companies If you own an aircraft cleaning and detailing company perhaps you have had trouble getting new clientele. However getting clientele for aircraft detailing company is not as difficult as you might think. There are simple things you can do to increase the number of people who learn about your service.One thing you can do is put a phone nu ...Stocks - Getting Started in the Market Hollywood loves the stock market. The chaos of the stock exchange floor, the tension of boiler room day-trading, devious power brokers making back room deals; it all makes for great drama. Then you have the true-to-life stock market stories in the news: insider trading, big money IPOs, the dot com bust. All of it is enough to make you steer clea ...Starting a Business – What is a Business Plan? So you have decided to start your own business - congratulations! It's a huge leap from letting someone else take care of taxes, accounting, payroll, inventory, and/or a myriad of other activities necessary to run a business. However, running your own business has its advantages, too. You get to be your own boss, set your own hours and days t ...Investors - What Separates the Good Traders from the Bad Traders? There are many forms of investing online. While I can give you a list that is a mile long, these are the most common forms of successful investments. Some of the following know how to invest terms are:1. Option trading 2. Future trading 3. Currency trading 4. Stock trading 5. Future trading 6. Forex trading (or ...Building Your Ideal Practice: What's in Your Work Model? The credit card commercial asks:"What's in your wallet?"The message is that they want to save you from the ravages of high interest from other credit card companies.When I ask:"What's in your work model?"I want to save you from the ravages of having a job and living paycheck to paycheck.Work once - ge ...The IBEX 35 Index From Raw Data to Useful Information Most countries have a stock-exchange where you can trade the stocks of the various companies. If you are starting the investment game, the stock market just looks like a raw list of data (The list below represents the IBEX 35 which is the stock index of the Stock-Exchange of Madrid (source: www.bolsamadrid.es/esp/mercados/acciones):ABERTI ...Stock Trading Tips And Advice That Can Help You Make Money There are countless books that have been written about buying and selling stocks, and as a beginner, it's definitely worth reading at least a few of them. Be careful, though, because jargon is rife through the world of stocks, and it can be a bit overwhelming when you first stumble across terms like P/E, RSI and EPS, to name a few.It's v ...5 Useful Tips For Your Success In Forex Trading 1. Implement a trading plan.A trading plan is especially crucial in Forex trading to stay ‘in-control’ against the emotional stress in speculative situation. Often, your emotions will blind and lead you to the negative sides: greed causes you to over-ride on a win while fear causes you to cut short in your profits. Hence, a well organized ...High Flying Stock: L International Computers, Inc. The Next DELL? L International Computers, Inc. is a publicly traded company on the pink sheets under stock symbol LITL. According to a recent press release, the company designs, manufactures, markets and distributes high-performance, opulent PC/Windows© laptop, desktop, workstation and server computers.Further, the company states it also produces t ...Burglar Alarms Think About it knowing about a burglar's three worst enemies -- light, time and noise -- can help you protect your home from crime. A burglar won't find your home an "easy mark" if he's forced to work in the light, if he has to take a lot of time breaking in, and if he can't work quietly."Case" Your Place Take the time to "case" y ...Currency Options - Four Simple Tips for Bigger Profits Options in theory give you unlimited profit potential and limited risk. Sounds good? In theory it does, but keep in mind that 90% of options that are bought expire worthless, so that’s a 90% chance of losing your money - if you don’t know what you are doing.Getting the Odds on Your SideYou can however increase your odds of success ...5 Ways To Protect Your Bond Portfolio From Rising Interest Rates The Federal Reserve recently raised its target federal funds rate for the first time since March 2000. This could be just the tip of the iceberg, though, as many experts believe rising inflation and a strengthening economy will spur continued rate hikes for the foreseeable future.This is bad news for bond investors, since bonds lose valu ...Online Currency Trading Strategy – The Insider Secret If you have an online currency trading strategy, then you should incorporate the advice given in this article to make bigger profits - and maybe even change a losing system into a winning one.The advice we’re giving here is contrary to almost everyone else on this subject - keep in mind however that 90% of traders lose! So, let’s stay awa ...The Seven Mistakes All Novice Traders Make and How to Correct Them We learnt the following the hard way! If any of these things applies to you, don't worry – there is an easy solution!MISTAKE ONELack of Knowledge and No PlanIt amazes us that some people expect to trade the stock market successfully without any effort. Yet if they want to take up golf, for example, they will happily take som ...Following Stock Tips When everyone you are around is chatting about the hottest stocks, it can be hard to resist investing in that stock. Maybe your colleague doubled his money in some interesting new medial stock. Possibly your newspaper is promoting a specific company as “the next big deal.” Perhaps you read it in a financial newsletter. No matter where your stock ...Understanding Stock Charts - A Few Basic Tips Stock charts can provide a wealth of information if you know what to look for. Stock charts also come in many different forms, styles, and types, but a few basic charting skills can be used universally across all charts. In addition, when used in conjunction with other stock indicators these basic charting skills can help you greatly improve y ...Build Your Own Profitable FOREX Trading System in Five Simple Steps If you want to make big profits, then you should know that the best way is do it for yourself - and not rely on others.Any trader (even a novice) can build a successful FOREX trading system - and this article shows you how to build a profitable system in five simple steps.What Makes a Successful FOREX Trading System?Successf ...7 Steps Toward a Better Website Creating a website is one thing, making it better is another. Matt shares 7 steps to help you gain a better website.1. Update your content. Stale content will certainly drive your regular visitors away. Add fresh content at least twice a week; couple relevant feed with ezine articles if you are not particularly adept at writing. ...A Brief Look at Forex Trading Forex is the currency trading market which is the biggest and most quickly evolving markets in the world. Currently it has a daily turn over of of 2.5 trillion dollars which is actually one hundred times larger then the NASDAQ. Different markets are great ways to diversify your investments and trade different goods and services. The same is t ...Home Teeth Whitening Tips About a decade ago, people knew only one way of getting their teeth whitened- that was through dental in-office whitening. It was a wearisome procedure but slowly when people started showing a compulsive concern of having a whiter set of teeth, the impulsion goaded a number of different bleaching formulas and teeth whitening kits started floodin ...Currency Trading Research – Using It Correctly For Huge Gains! Today, we live in an age with a huge amount of information at our disposal and the internet has bought a huge volume of currency trading research to everyone.Yet this information has not helped increase the number of winning traders. Why?Quite simply traders don’t know how to pick the right currency trading research, or how to use ...How Do Know if a Breakout Will Hold? How do you know if a breakout is real or not? First off, despite what any of the so called experts will tell you, the fact is that you don't. Okay, now that we have that behind us, we can look at it a bit more objectively.When a stock has banged it's head up against a resistance level in the past, and failed to execute the breakout, there ...A Real CRM Strategy or Just Tracking Customers? Exactly what is CRMThe idea itself is nothing new; its roots have been around since trading began. The principle of looking after your customers so that they come back regularly is, after all, merely the basis of good trading. In an increasingly competitive commercial world however, strong customer relationships take on an increasing impo ...How To Pick A Good Forex Broker If you are doing forex trading, then you know the importance of a good forex broker. This is especially true if you are just starting out and do not have a lot of experience. A good forex trader will work with you and provide the information and tips you need to make the best trading.Even though your forex broker will be offering you tips ...FOREX Trading - The Secret to Making Profits from the Big Moves In FOREX trading, it’s a fact that many traders simply can’t let their profits run - they enter trades correctly, but only ever, bank marginal profits.“Let your profits run” is accepted market wisdom - but how do you do it in practice? How do you maximize your profits?Many FOREX traders get in on a good opportunity, and take a marg ...Trading Tips No 1: Learn How to Trade The Moment of Truth So you have learned how to trade the markets by mastering a few trading tools like Moving Averages, Channels, Stochastics, MACD, or RSI - that is a great accomplishment achieved by only a few. However, having the tools and rules to trade markets successfully, year in and year out, is only half of the challenge. The other half is far more dauntin ...Forex Trading Style: 7 Essential Indicators You Need When developing your own forex trading style, there is a danger in becoming fascinated with indicators. The newer trader experiments with one, finds it doesn’t work so well, then switches to another, then another, etc.The list below highlights 7 key indicators that can be woven into your forex trading style. You may not need to go any fur ...Choosing A Forex Trading System - Part 1 There are many different kind kinds of Forex trading systems.Of course, the most important Forex trading system is the one that is right for you.As you search the web for Forex trading systems suitable to you there will be many seemingly appealing offers many promising to be so much better than the rest.It can be difficult t ...Relationship Tips Relationships can be so exciting at the start. It’s a time when you just can’t wait to see each other, spend every spare minute dreaming about each other and just can’t keep off the phone. Unfortunately as the relationship develops into a comfortable routine, the excitement generally recedes, the need to touch base becomes more infrequent and a ...Tips for Writing Letters to Russian Women In your initial letter, you should provide the following information:· Your full name· Your full address· Your age, height, and weight· Your email address· Children you have and their ages· Anyone who lives with you (family, roommates, etc.)· Your marital status (presumably single)· Your oc ...
|
