If someone told you that technical analysis is the reason you can earn 10+% in a day, then they were WRONG.
The fact is that market information will get you places faster than any analysis by the best of technical analysts who try to time the stock. Take for example my experience yesterday. ACC was a stock which gave a bommer of return yesterday due to exceptional results. A good friend of mine had gathered ACC on Thursday morning and gave me the info that the stock would shoot up on Friday on back of beating market expectations. He had been gathering the stock for 2 or 3 days now so that just tells you that he had some information that most out there did not, and he had that way before others too.
So your consitant capitalization on returns would be a direct function of how strong your contact network in the market is and more importantly how reliable it is. People often use insider information to reap superior returns in the markets and most do it quietly. But in all honesty, i recommend not using the insider way to make money cause you more often will attract a lot of unwanted attantion if you do so.
Bet on fundamentals and invest for the long run. I know its difficult to do when you look at easy money but its worth it cause it comes without all the trouble a short cut can get you into.
Cartoon Taken From: http://www.cartoonstock.com/
No comments:
Post a Comment