Tài liệu McGraw.Hill.When The Market Moves, Will You Be Ready doc

[...]... concepts to the day-to-day management of their individual portfolios This, of course, I am happy to do, and that is the purpose of this new book In When the Market Moves, Will You Be Ready? I will walk you step-by-step through the savvy macrowave investor method As you work through this book—which in many ways is a workbook you will see that each chapter is followed by some review questions you will be asked... this question On the one hand, and for you absolute beginners reading this book, the less capital you start with, the less you can lose And it is the rare beginner who doesn’t initially lose in the stock market something the Wall Street pros caustically refer to as “tuition to the market. ” On the other hand, unless you start with a large enough sum of money, whatever profits you may be lucky or skilled... other feel about your stock market investing? If your spouse or significant other is afraid you will lose all of the family’s money in the market, the chances increase that you will do precisely that This is because of the “P” word again, namely, pressure If you are not comfortable reporting a heavy loss to your partner, that, too, reflects a level of mistrust or lack of confidence that will cloud your... to your stock 10 THE BIG PICTURE market investing by always “cutting your losses” and “letting your profits run,” you will dramatically increase your odds of making money 4 Would you rather win big at the risk of big losses or would you rather consistently win small? This question is another way of uncovering any of your possibly “reckless gambler” tendencies If left uncontrolled, these tendencies will. .. Aloyan In the next chapter, I will present the savvy macrowave investor trading method, and we will begin the exciting task of mastering that method But before we go there, I need to ask you a prior question—actually 11 questions I need to ask you these questions for a very important reason Together, we need to find out before you walk too far down the stock market s Yellow Brick Road, whether active... forms of gambling You bet against the house—and over time, the house never loses In contrast, the intelligent speculator only takes a risk when the odds are in his favor Poker is a form of speculation If you draw a bad hand, you drop out and forfeit a small ante But if you draw a strong hand, the odds are in your favor and you play it to the hilt You will see in this book that if you apply these very same... two computer monitors for your computer so you can conveniently see all the market action and charts that you will need WHAT'S YOUR WALL STREET "IQ"? 13 11 Do you face a high degree of stress in your life? If so, are you ready to handle more? And are you in good health? If you are already in a high-stress occupation, please be aware that active investing will not provide you any relief from that stress... managing your portfolio is hard work—and just as you won’t be beating the Yankees any time soon, you won’t be beating the secondmeanest men (and women) in pinstripes on an hour or two of research a week That’s why if you can’t devote at least five to ten hours a week to your portfolio, I humbly suggest that you forget about “playing the market. ” Instead, I strongly recommend that you simply stick your... What, in your mind, is the critical difference between these two games? 4 Would you rather win big at the risk of big losses or would you rather consistently win small? Put another way, do you like to swing for the home run fences even if it means you will strike out more? Or are you a “percentage hitter” who is satisfied with a lot of singles and doubles and a high batting average? 5 List your top... for most people, it will almost certainly add another major layer of stress This will be particularly true at the beginning of your investing career This is because as a novice investor, you will almost assuredly lose money because of little mistakes, perhaps toss away some big chunks of dough because of big mistakes, and maybe even at times you will do everything right but it will still go so very . class="bi x0 y0 w0 h0" alt="" WHEN THE MARKET MOVES, WILL YOU BE READY? How to Profit from Major Market Events Peter Navarro McGraw- Hill New York Chicago San. book. In When the Market Moves, Will You Be Ready? I will walk you step-by-step through the savvy macrowave investor method. As you work through this book—which