TRADINGMARKETS4U.com
Knowledge To Help Traders And Investors Become Successful
Wisdom is the principle thing. Therefore, get wisdom and with all thy getting, get understanding.
-Proverbs 4-7
Stock market success is based on knowledge and the ability to implement that knowledge marketwise. There are many keys to being successful in the marketplace. The most important element is the ability to cut your losses short when the market goes against you. The concept of only taking small losses, coupled with letting your profits run until the weight of the evidence tells you otherwise, is the true recipe for stock market success.
There is no other line of endeaver in the world where true knowledge will reward you as richly as Wall Street. The key is to learn the methods, principles and strategies from traders and investors who have already achieved great success. Study and read all the books you can from these true market legends. Some of the world's greatest traders and investors, past and present, include Jesse Livermore, Gerald Loeb, Bernard Baruch, Richard Dennis, and William J O'Neil.
One of the keys to stock market success is to analyze the general market trend and only make new stock purchases when the general trend is in a confirmed rally or uptrend. About 75% of all stocks follow this general market direction. The odds of success increase dramatically by following this one important principle. Never try to buck the general trend. It is like swimming in a river against the current.
Psychology is the one major factor that separates a fairly good trader or investor from the best in the world. The ability to eliminate or at least control personal emotions, relating to the fear of loss, or greed for a larger profit, will be the determining factor of overall success. Developing a proven system and following it 100% of the time is a way to achieve this. Combine your proven trading system with solid money management, and you are well on your way to stock market success.
This is really only the tip of the iceberg when it comes to being one of the best in the world, but the information attained here is a great step in the right direction, and will improve your overall results. If you have any questions, comments, feedback or concerns, please contact us at collector6165@tradingmarkets4u.com. Thank you.
Please note this page is updated weekly.
New Jinkosolar Stock Looks Fantastic
Jinkosolar, symbol JKS, is a Chinese manufacturer of solar cells, solar modules, and silicon wafers.
JKS currently has earnings per share and sales numbers that are off the charts. The stock is getting great support from large institutions such as mutual funds, pension funds, and hedge funds. They are the major driving force behind all major price movements.
JKS is also in a highly ranked industry group, which is a big plus. It is a well run company, as management seems to be really putting it all together. The stock is an IPO which became public in May.
The stock price is well extended past a proper buying point. This makes the risk of a price correction more likely. I would wait for the completion of a new basing pattern. Then buy on a breakout with heavy volume.
-Gary E Kerkow (09-03-10)