Thanks for the link, looks interesting although hype can be costly too, tools are handy to have...that's why i stay with a basic head & shoulders technique on T/A and if swing trading I will get the feel of the market, industry and seasonal swings, before diving in...
I stick to my rule of thumb selling at 15 to 20%, and changing product companies, rather than industries, because when foreign investors are around...they tend to lead the way, the objective is to get out before they dump...otherwise one is stuck in, until they return again...which doesn't really matter providing it is a good healthy growth share.
With regards to the link...it's easy to get rich, if you have the money to invest in the first place a millionaire, in Sing $ isn't that difficult to become, if your selling the courses.
At the end of the day, the tools are only as good, as the person that's using them.
Did you know the Clintons made over 100 million $, just be giving speeches.....So yes I quite believe these guys preaching their tools to beating the market, will do the trick, will become millionaires too
I guess I could also test your ability, to trade successfully, and give you tools to do it with, too...
What is more important than tools, is knowing ones own strengths & weaknesses, for example...risk aversion are you a gambler, or do you minimise your risks, the more you minimise, the less the return maybe.
The study of money and other assets;
The management and control of those assets;
Profiling and managing project risks;
The science of managing money;
On a scale of 1 to 10 you need to be around the 5 mark to be pretty cool at what you are doing, to hit a 8 for example, will be high risk, higher returns, but more of a gambler and likely to lose...hit a 3 and you have risk aversion...and cannot make the grade.
Once you know where you stand, you can then start to look at the tools, to use..right! Why throw good money away on courses, before you know yourself....I say that because my Singaporean friend, is down 30K from his CPF, because he can't get it right and he's spent alot of money on these type of courses, one course set him back 1200$ speech that is.... I also learnt the hardway too in the beginning, but today I am full of confidence in what i do, and my portfolio is on track.
One thing i never listen to, is the don't put all your eggs in one basket...I'm sure the reason that saying exsists is because, the majority of investors, and i am suggesting banks and other financial managers, have to spread their risks, because of their limited skills in investing, with other peoples money.
And to be honest, what is one basket..when you have many different companies competing, what I think of is the technology, the cost of R&D, and the eventual consolidation, to maximise profits.
I would only ever spread my risk into different industries, if i was unsure of my predictions and my product knowledge....because I have a target set, and i would not reach my target, if i didn't know what i was doing, to reach the target.
So set a realistic target, monitor, and adjust by swing trading to optimise the profit, for reinvestment...If i let the money sit still for the whole year, it's not working, it needs to work.
Just been looking at the software offering at
http://www.t3bsystem.com..
The only thing i see, that is different....is the Keane Lee risk assesment line......which like i discussed above....strengths & weaknesses....
It means the Keane Lee way, of getting rich, is his way, not your way, you could never use his risk assesment line, because each individual has his own mechanism that would kick in, even though his line would tell you to sell. A gambler would probably ignore the signals, and so would anyone with risk aversion.
Although those with a 5 rating would maybe agree, because it makes good sense. Save your hard earned cash!
