Friday, June 16, 2006

Timing Is Crucial

"There is a tide in the affairs of man which taken at the flood leads on to fortune. Omitted, all the voyages are bound in shallow and in misery". - xxxx

Timing is everything. In the stock market, what you buy is important. When you buy is crucial. Failure or success depends very much on this. You need technical analysis (TA) to help you. Charts are designed to track smart money. Do not try to lead the market. Follow the leader but be one step ahead of the pack.

A man's action is the best interpreter of his thoughts. Watch what he does, not what he says. The first thing you must learn in the stock market is that stock prices move in trends. Never buy in a downtrend. The trend is your friend; never go against it. If you don't want to get wet, don't pee against the wind. Never catch a falling dagger!

By Ben Gan (March 23, 2006)

Quotable quote: Buy in gloom. Profit in bloom.