coolhand
Well-known member
imported post
I have done a whole lot of reading the last 10 months and studying not only market fundamentals, buttechnical indicators as well. I have listened to Tom (who is easilythe best TA I've had the pleasure of learning from :^) and anumberof other TA's on this website andother websites,but I have come to believe that one may be seriously handicapped withouta solidunderstanding of central banking and the politics associated with it. That is the foundation upon which the market sits.
What I learned in college regarding economics and such was nice theory, but after reading "The Creature From Jekyll Island" I have to agree with Tekno that it is probably the single most important book one can readtogaininvestment smarts.
Don't get me wrong, it doesn't necessarily mean you willbecome a market genius, but it can really boost ones confidence. We fear what we don't understand. That fear easily translates into mistakes folks.Youneed tohave confidencerooted in knowledge. I am finding it a whole lot easier now to identify who knows what they are talking about and who doesn't. Doesn't mean I will always be right, but at least I can make decisions without constantly second guessing myself.
Even if this market drops, I will still have confidence. The fear of making a mistake is gone. I recognize that I can easily recover. It is not the end of the world andmy hair is not on fire
o.
I fully understand what Birch is talking about. I have a whole lot of respect for his views, especially since he's been in the stock market since 1973! I don't care if he calls himself a contrarian bull, his message to me makes sense as does Tek's. Not because they say so, but because I took the time to dig for information. I questioned everyone and sought my own answers. And you know what, I'm still learning, but at least now I'm having fun! :u
I have done a whole lot of reading the last 10 months and studying not only market fundamentals, buttechnical indicators as well. I have listened to Tom (who is easilythe best TA I've had the pleasure of learning from :^) and anumberof other TA's on this website andother websites,but I have come to believe that one may be seriously handicapped withouta solidunderstanding of central banking and the politics associated with it. That is the foundation upon which the market sits.
What I learned in college regarding economics and such was nice theory, but after reading "The Creature From Jekyll Island" I have to agree with Tekno that it is probably the single most important book one can readtogaininvestment smarts.
Don't get me wrong, it doesn't necessarily mean you willbecome a market genius, but it can really boost ones confidence. We fear what we don't understand. That fear easily translates into mistakes folks.Youneed tohave confidencerooted in knowledge. I am finding it a whole lot easier now to identify who knows what they are talking about and who doesn't. Doesn't mean I will always be right, but at least I can make decisions without constantly second guessing myself.
Even if this market drops, I will still have confidence. The fear of making a mistake is gone. I recognize that I can easily recover. It is not the end of the world andmy hair is not on fire
o. I fully understand what Birch is talking about. I have a whole lot of respect for his views, especially since he's been in the stock market since 1973! I don't care if he calls himself a contrarian bull, his message to me makes sense as does Tek's. Not because they say so, but because I took the time to dig for information. I questioned everyone and sought my own answers. And you know what, I'm still learning, but at least now I'm having fun! :u
hauling all them bags of $....!!!!!......G
