With the passage of healthcare reform in the House of Representatives yesterday, we will, hopefully, begin winding down one of the biggest fear campaigns in U.S. political history. Unfortunately, even if this fearful campaign does wind down, the constant fear-centered campaign for your hard-earned money will not.  

THE WORST IS AHEAD!  IT IS COMING AND IT CANNOT BE STOPPED.  IT IS A TRAIN WRECK OF EPIC PROPORTIONS.

This crisis, unprecedented in the lives of many of you, is unfolding in slow motion. We believe that it cannot be avoided. It is inevitable and will touch every one of you. Depression, feelings of hopelessness and helplessness, anxiety, and worldwide human misery are being played out every day all around the world. The recent earthquake in Chile signaled tsunami warnings to many parts of the world. WHAT WILL YOU DO WHEN THE TSUNAMI HITS YOU? Will you be prepared? Will you be one of the few who survives?

I don’t know about you, but I am sick of all the fear flying around, especially from those who stand to profit from the fear. I received the above email recently, and it is a perfect example of what I am talking about. The sender of the email is selling fear to get suckers to sign up for a “teleconference,” a meeting of the “minds” that will set you on the right trading path. Get to it quickly, though, because time is of the essence.

We believe that the markets are now at a critical juncture and approaching the beginning of the Wave 3 Down Cycle. Because of this, it is critical to bring together for you all the factors that are in play and put them into proper context for you before it’s too late!

Folks, I only go here today because I am sick of all of it, everywhere, especially in the world of trading. I also go here because I want to re-emphasize that no one has a lock on the future, and if someone is peddling that he or she does, don’t buy it. Go the other way.

When trading hard-earned money, stick to the basics. Learn how to read the big picture. Keep current on the economic news. Find solid analysts and track their thinking. If you do this, you won’t be tempted in any way to “buy” the fear. You will trust your knowledge and your instinct about what is happening in the world, and you will put your money to work where it will actually give you a positive return.

Trade in the day; invest in your life …

Trader Ed