10 Complimentary Lessons to Separate Yourself from the Investment Herd
Stratstar
“Successful market timing depends upon learning the patterns of crowd
behavior. By anticipating the crowd, you can avoid becoming a part of
it.” I pulled this quote directly from the opening paragraphs of the
free Elliott Wave Online Tutorial. It’s critical to your understanding
of how markets really work.
Now some might say, “What’s wrong with following the crowd? I’m just
following the easy money, right?” The problem with this logic is that
most investors follow the crowd (or herd) all the way up the mountain
… then right off the cliff.
Look at today’s situation: How many people you know got out of the
stock market before the October 2007 top? Heck, how many you know cut
losses and cashed out even six months after the top?
If you’re like most people, your answer ranges from “zero” to “very
few.”
Being a successful investor over the long-term means you must always
strive to be part of that “very few.”
Famed market analyst Robert Prechter, the leading practitioner of the
Elliott wave method of market analysis, once said, “Missing a market
move may be a shame, but getting caught on the wrong side of one means
you lose money. People who have gone through the experience know
there’s a big difference.”
To be a successful individual investor, you must understand what it
means to take risks when the probabilities are behind you and shun
risk when they’re not. Robert Prechter’s method of analysis, the
Elliott Wave Principle, is designed to help him and his subscribers do
just that.
Buy and hold is dead. Trading isn’t any easier. Having a big-picture
outlook doesn’t mean you must “set it and forget it,” as the late-
night infomercial guy says. And it certainly doesn’t mean you must be
in and out of the markets every day. It simply means you can see the
forest for the trees.
You can go long when the markets are behind you, short if you have the
guts, and stay out completely when the risk is too high. Simply put,
adopting an independent, unbiased method is the very best way to
ensure you don’t get caught up in the investment herd.
Elliott wave analysis is not for everyone. It’s highly technical. And
it presents probabilities, not certainties (there’s no such thing as a
black box trading system). The most successful investors and analysts
– the guys who are still around after 30 years like Prechter – are
able to assign probabilities and assess risk; and they act only when
probabilities are high and risk is not.
I encourage you to learn more about the method that has kept Robert
Prechter out of the herd and in the game for more than three decades.
His company, Elliott Wave International, has an extremely useful
Elliott Wave Tutorial for free online. It’s broken up into 10 lessons
across 50 pages, so it’s easy to read and review at your leisure.
Check it out at the link below, give yourself some time to digest it,
and decide for yourself if Elliott is a method you should add to your
investment arsenal.
Best Regards
Stratstar
Learn more about the method that has kept Robert Prechter out of the
herd and in the game for more than three decades. His company, Elliott
Wave International, has an extremely useful Elliott Wave Tutorial for
free online. It’s broken up into 10 lessons across 50 pages, so it’s
easy to read and review at your leisure. Learn more about the free
Tutorial. Click Here
http://www.elliottwave.com/r.asp?rcn=affem&url=/club/EWI-basic-tutorial/original.aspx?code=30175&acn=6im
Separate your investments from the herd; get started with the free
Elliott Wave Tutorial today.