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overtheedge
Member since May 2012
680 commentaries
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has posted a comment on the article :
Gold Market Update
- Clive Maund -
1. Charts only tell you what already happened.
2. Charts can tell you what is possible, but never probable.
3. Charts more often than not only reflect the technicals aka what the other fools did.
4. Read #3 again and realize that many analysts think they are psychology experts.
5. Technicals are always about psychology.
6. The technical analysts aren't qualified or licensed to practice psychology.
Until such time as time machines become available, charts are history. Chartists are historians.
I'll share a secret with you. In the last 10 years, I've never booked a loss.
But how???
If you stick with fundamentals and accept the concept of "give it time", the market always responds favorably.
Always buy more when the price is so low that you think you are crazy to buy more.
Always take delivery in physical.
Make sure the equities are in your name, your address and the corporation sends you the news directly. Street addresses are for flippers. Do you really trust your broker?
If you really must sell at a loss, it is time to get out of the market and take up hoarding toilet paper, butane lighters and rice in your garage. Buy them by the case.
If you can't afford to lose the money, buy food.
If you can't give the investment time to work, buy food.
If you just have to put the money to work, pay down your debts! Oh and buy some food. Food prices always go up and you had best buy today, because it will cost more tomorrow. YOU WILL EAT TOMORROW!!!
Know this straight up. Everyone wants a piece of your paycheck.
Everyone wants to skim your investment dollars.
When it comes to your money, nobody is your friend.
I contend that charts are the weapon of choice for Ponzi posers.
Its HOT, HOT, HOT, buy now before it gets so high that it costs too much to get in.
Look at all you already lost out on!
Your money is theirs to skim.
You book the losses, they book their skim off the top of your losses.
Every transaction provides their skim.
Did I mention I haven't booked a loss in the last 10 years?
"The maximum effective range of an excuse is zero meters."
A sign posted on the wall behind my TAC NCO's desk at the Academy.
So why do you accept the excuses of your hired investment help?
This is like you hiring me to wash your car, I drive over your dog, spray water in your mailbox, but you pay me anyway.
Not too bloody smart are you?
But you buy based upon charts. Kinda says it all doesn't it.
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3433 days ago
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Beginning of the headline :
If we lived in a normal word of fiscal propriety, the falling oil price would be viewed as something to celebrate, as it reduces costs across the board, and should theoretically boost the economy, but we live in an abnormal debt-wracked world where instead fears are surfacing that the plunging oil price will trigger a series of cascading loan defaults that have the potential to collapse the system ? already world stockmarkets are buckling. If things really start to unravel it should provide the...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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ferzi
- 20/04/2013 à 20:03 GMT
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