Successful Stock Market Speculation
Christopher Wong
T.E. Carter? If so, what's your experience or comments with
Carter's trading system?
You can e-mail me directly @ cw...@IslandNet.com.
Robert Gelb
(Christopher Wong) wrote:
Found it a very interesting book. Employing some of his ideas, with a
difference that I only invest in "name ", reasonably blue chip stocks when
they are down in the dumps. For instance I rode IBM from $ 50 to $90 (
with a couple of interruption)
Important thing is do not follow any system blindly. Listen to your
gut. You never be always right. Accept your losses and get out. Listen to
the market- it never lies. Try to work on avoiding losses. Nobody REALLY
knows when a stock really goes up and how far. After you have done your
best, you just keep your fingers crossed and hope.
--
Robert Gelb C.M.A. - Business Plan and Investment
Robert Gelb and Associates Inc. specialist
12 Bradenton Drive,Willowdale,Ont. - Business Plan Evaluations
M2H 1Y5 - Start up ventures
(905)940-2380 - Financial Consulting
(905)946-1734 FAX
e-mail: ge...@interlog.com
Robert Gelb
wrote:
> Mr. Gelb is right! The method to my madness does not hinge on selecting
> stocks rightly but doing things right with the stocks I select. Risk
> management is what its all about. My book is aimed toward beginning short
> term traders. I would expect any reader to become much more sophisticated
> and, as Mr. Gelb has done, tailor my ideas to their own investment
> strategies and character. In any individual stock, there are those who
>
cut
Thanks for the kind words Ted (Please call me Robert)
I owe you a lot,for I have learned quite a bit from your book.
I realized sometime ago, that there is no surefire "method" to make
money on the stockmarket.All one can do is to eliminate as much downside
as possible and hope for the best. And of course the biggest decision is
when to sell , whether the stock is up or down.
Actually ,it's been a while a read your book, so I think I ought to
review it again.
Best regards .... Robert
BTW.. did I miss some letters in between
Ted Carter
stocks rightly but doing things right with the stocks I select. Risk
management is what its all about. My book is aimed toward beginning short
term traders. I would expect any reader to become much more sophisticated
and, as Mr. Gelb has done, tailor my ideas to their own investment
strategies and character. In any individual stock, there are those who
trader is not one who can do this. Therefore, we try to get onside with
those who do. Sometimes we're right but mostly we're wrong. If one wants
to become a short term trader, I always recommend three books: How toBuy
Stocks by Engel, The Battle For Investment Survival by Loeb, which may now
only be available at your library, and my own, Successful Stock Market
Speculation. However, I am now reading a book called Trading for a Living
by Dr. Alexander Elder. As a result of observation and experience, I
always knew that the first hour and last hour of the day were the two most
active trading periods. I never really knew why but Elder points out that
amateurs open the market and professionals close it. This makes a lot of
sense to me. So don't get caught up with the holdover momentum from the
previous day, hold off and go with the pros and watch what they are doing
throughout the day. By the way, I've only been watching this group for
about two weeks, and I think the URT players should form their own news
group and use George Chelekis as their guru. And finally, If the Shamrock,
Vortex, Templar group starts to run today, it probably means they've
struck oil. If not, it probably means the well is a dud. Best regards
to all.
jkwi...@fn1.freenet.edmonton.ab.ca
can learn alot about trading short term. Carter's discipline about
checking the volume every morning is the all important rule. May all
your picks be "Five Baggers"!!!
P.S. - Hey Ted do you still own RCQ (just wondering???) - If so why????