I spoke to an old friend last night on the telephone. We chatted about all kinds of stuff, including the economy, the world in general and the stock market. Now, I have known this person for many years and thought I knew what he was all about. Last night’s conversation revealed that I wasn’t aware of nearly as much as I thought I was.
As it turns out, my old friend knows quite a bit about the stock market and is very enthusiastic about his knowledge. Now, you know me…I’m always ready to listen and discuss the world of high finance. We had a grand old conversation about the various types of stock indicators. The funny thing is, as much as I have heard about all the different types of tools my trading account offers, I really had no idea what any of them did. Last night’s conversation peaked my interest.
For a long time, I have had a suspicion that people were getting rich off of this stock market. I always knew that by setting “buy” and “sell” triggers, you can basically set your purchasing and sales on auto-drive. Whether or not that’s true, is debatable. I suppose that if it were true, everyone on earth would just take a class on how to set triggers and we would all be rich. Now I know that by analyzing stock indicators, you can get a much better picture of how to analyze past performance of a stock to predict its future movements. The problem is that our predictions are oftentimes so wrong, that we lose money.
If you have the time, the brains and the patience, I believe that you can study stock indicators and how to set triggers and make money in this stock market. There are some conditions that would have to be met first (in my opinion). They are: you would really need the time (all day), the money (and the willingness to lose it) and the intellect (to realize what exactly you are doing). I suspect that many people would get excited about learning about this type of thing and jump in to the market being a bit green. That basically describes me. The good part about how I roll is that I know what I am good at and what I’m not. I tend to stick with things that don’t offer very many negatives. I am a very patient man.
I suppose my point for this post is that we can all make money in this economy if we put out minds to it. If you are a stock market wizard and care to share your success stories, you can leave a comment on this post. I am sure you would have an audience of very interested readers.
By the way, if you would like a short description of stock indicators, you can visit this page. If you would like to delve into what each technical indicator does or its definition, you can visit this page.