The market makes mistakes because people behind the market make mistakes. How could this number be justified? The momentum and Inertia will surely continue, however, it will eventually stop and correct itself back to a reasonable price. That is the beauty of equilibrium. Here is the question. How many errors […]
Investment/Trade
CANDLESTICK TERMINOLOGY AND MARKET EMOTION
Technicals are the only way to measure the emotional component of the market. The names of the Japanese candlestick charts make this fact evident. These names are a colorful mechanism used to describe the emotional health of the market at the time these patterns are formed. After hearing the expressions […]
Quotes 11/19/2020
As far as the laws of mathematics refer to reality, they are not certain; and as far as they are certain, they do not refer to reality. -ALBERT EINSTEIN (1879-1955) I see a certain order in the universe and math is one way of making it visible. -MAY SARTON (1912-1995)
“The Specialist’s Use of the Short Sale”, Richard Ney
“To understand the specialists’ practices, the investor must learn to think of specialists as merchants who want to sell an inventory of stock at retail price levels. When they clear their shelves of their inventory they will seek to employ their profits to buy more merchandise at wholesale price levels. […]
Universal Rules
“Everything in existence is based on exact proportion and perfect relation. There is no chance in nature because mathematical principles of the highest order are at the foundation of all things.”
Prediction of Recession
If mathematic makes sense, the probability is high in confidence. With the current optimistic and strength of the economy, recent broke out became the start of the 5th wave and create a significant boost and profitable periods which last until 2020. A number of numbers, economic factors, and technical analysis […]
John Templeton
John Templeton once famously said, “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.”
Lesson From Ben Graham
“In the short run the market is a voting machine but in the long run it is a weighing machine.”
Ben Graham
“You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.”
Jesse Livermore, How To Trade In Stocks
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor. — Jesse Livermore, How To Trade In Stocks