Interpreting What You Read about Market Action

One of the most insightful blogger and free of cognitive biases is Jeffrey A. Miller of A Dash Of Insight. He brings to his analysis keen sense of insight and in depth understanding of economics science. If you have not been reading his blog, I highly recommend you do so. Go through his old posts, where he demolishes the arguments made by bearish commentators. Unlike many popular bloggers who make pseudo intellectual arguments about core inflation, Fed Policy role, business cycle and many other economic issues without ever having any academic or formal training in economics, Miller brings in his understanding of these subject routed in his academic as well as policy roles.

In his latest post he offers a sound advise on how to interpret persuasive bearish commentary, which is in abundance on many popular investment blogs.

Interpreting What You Read about Market Action

One of the biggest traps for the smart investor or trader is the often persuasive commentary about recent market action.

When the Dow had a decline of over 1% last June, we highlighted this problem, calling it the biggest mistake of the individual investor. As background, readers should go back and look at that article, written when the Dow was under 11,000. The road was a little rocky for another month, but we all know how it turned out.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

3 comments:

fufufnik said...: Please forgive the out of context question, but I was wondering; I know you use Telechart and just wanted to know what package it is that allows for stock screening? Gold package? Platinum access? I like the way in which you scan with certain parameters and am looking into TC2007 and didn't want to get more than necessary to perform such scans. Thank you.; Jul 22, 2007, 3:05:00 PM
Pradeep Bonde said...: Gold; Jul 22, 2007, 3:27:00 PM
Jeff said...: Thanks for the kind words!

There is nothing like a little encouragement to keep a blogger writing -- especially when it comes from an astute observer.

Jeff; Jul 22, 2007, 9:20:00 PM

404

Recent Articles