Good morning everyone,
When the market is like this ie in the doldrums, perhaps we should take some time to reflect on some relevant but pertinent issues..relating to share market of course.
Lets tackle the often over rated tendency to rely on technical charts for trading...many subscribe to the belief that somehow a chart is like a crystal ball ,guiding your every move leading you in and out (depending on whether you are buying and selling ) and paving the way to greater glory or lesser misery ! For all that it is worth and I mean no disrespect to diehard followers one must never delegate the "heavy responsibilities " of responsible market reading/ prediction to merely charts or any other investment or trading technique in isolation...The onus will always fall back on hard work and that simply means lots of selective reading ,careful analysis of data , cross checking with sources and so on...Share trading or investing is never a guessing game...
Has anyone ever wondered about supposedly "simple " questions like the following?
a ) When do I sell ? ..always at a gain or at least at breakeven ?
If your answer is either of the above , you are clearly not ready to trade nor invest and you may be better placed at either the secured markets like time deposits or property market where chances of losing are very much reduced !
I will be speaking on understanding financial data ,how to use them as well a topic on when to take profits or cut losses next week to my forum members.
Anyone interested to learn or join my forum membership, please email me at chrischoo007@gmail.com
Thank you
Chris Choo
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