bludmonkey
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Folks, I just read this book and I have to admit, it was a bit disappointing.
I thought when I bought it, he would take us through some of the steps he used
to pick the stocks he bought. Instead what you get is the same ole same ole even if
he did say it first.
What did he say?
1. Learn how to trade.
That's just as true today as it was in 1924 or 1908, for that matter. Oh he's savvy
Learning to trade is why we buy the book, but he doesn't talk about that too much.
2. Diversify. At least 10 to 20 different instruments.
This took me back. I thought someone with his tech skills would have narrowed
down the list somewhat
3. Don't average down. "he was stubborn about it, thats what kilt him" captain call
Of course, right after he says this, he tells us about the time he bought at 45, held
until it hit 15, then he bought some more. He took 10 points off that trade, sold it
then did this one or two more times and after a couple of years, he broke even.
"go get'em tricky dick"
why did he hold on, well it was his solid grasp of the fundamentals.
"Whateva dahling, get to za point, ahnold has got za sniffles" zsa zsa
Oh there is more but if you want some insight into his T.A. then you best just buy
the course.
Sincerely,
Steve
ps: he does change his mind about some of the things in "Techniques of Tape reading"
namely, his opinion of charts has improved, and he shoots for wider swings.
I thought when I bought it, he would take us through some of the steps he used
to pick the stocks he bought. Instead what you get is the same ole same ole even if
he did say it first.
What did he say?
1. Learn how to trade.
That's just as true today as it was in 1924 or 1908, for that matter. Oh he's savvy
Learning to trade is why we buy the book, but he doesn't talk about that too much.
2. Diversify. At least 10 to 20 different instruments.
This took me back. I thought someone with his tech skills would have narrowed
down the list somewhat
3. Don't average down. "he was stubborn about it, thats what kilt him" captain call
Of course, right after he says this, he tells us about the time he bought at 45, held
until it hit 15, then he bought some more. He took 10 points off that trade, sold it
then did this one or two more times and after a couple of years, he broke even.
"go get'em tricky dick"
why did he hold on, well it was his solid grasp of the fundamentals.
"Whateva dahling, get to za point, ahnold has got za sniffles" zsa zsa
Oh there is more but if you want some insight into his T.A. then you best just buy
the course.
Sincerely,
Steve
ps: he does change his mind about some of the things in "Techniques of Tape reading"
namely, his opinion of charts has improved, and he shoots for wider swings.
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