So, the market likes Alcoa’s earnings, or so it appears. Is it an omen or is it an outlier? I guess we will know the answer to the question in short order, as now the gate is open to earnings …
I have in the past written about the search for the “holy grail” of trading. Certainly, enough folks out there are hawking the notion that they have found the “secret.” Don’t bite the hook with the biggest worm. There is plenty of excellent trading software out there, so take your time to find the one that is right for you. Oh, and BTW, what I mean by the “biggest worm” is implied in the reader’s question below.
- Hi. I’m interested in your 60 second trading system. Will it help me get financial stability? And what broker do you recommend using? Your thoughts would be greatly appreciated.
Obviously, I am not selling anything, much less a trading “system.” As I said, there is plenty of good software out there for trading, but I have yet to come across a system that works consistently, so one that promises results with just 60 seconds of work is, well, a big worm on a hook. If there were such a system …
- Take all of these trading and investing software [and system] offers out there that promise monster returns. If any one of those offers actually delivered what they promised, I assure you every single trader on Wall Street would be using it.
I have expressed the words above in one manner or another more than a few times over the years. Folks, trading is work, hard work, and to be successful, one has to do the work day in and day out. One starts with learning the craft of trading, moves onto learning about the macro picture, which underpins the market, and then one does the hard work of learning about behavior while in the act of trading. Do this day in and day out for a few years and you might well become successful.
Speaking of learning about the craft of trading … Let me tell you, the amount of information out there available to the trader is immense. This presents a problem of discernment, as much of information is contrary to other information, much of the information is technical, or much of the information is simply opinion, yet, sometimes, one should consider opinion as food for thought.
- In my opinion, the best time to be buying stocks is when VIX levels are screaming higher. History has taught many of us to be careful when VIX levels are at all-time lows. It suggests a bit of complacency in the markets, and that’s generally never a good thing. A good hard scare is often the best time to be stepping in and snapping up the right ideas. Should the VIX continue lower from current levels, I suspect the possibility of a storm brewing that could likely serve as the best buying opportunity for the year.
Then, there is factual information out there that can lead one to finding a trade or an investment.
- South Korea’s Samsung Electronics Co said it is on course to achieve its goal of becoming the world’s top home appliances maker by 2015, with sales growing an estimated 50 percent by then.
In the end, trading or investing is a march through valleys and hills filled with moments of tension, doubt, jubilance, and surprise. Trust me, that journey does not happen in 60 seconds.
Trade in the day; Invest in your life …
