Inspiring/Highly Educational and Motivational
As someone who shared with the obviously disgruntled reviewer, the same investment site, I would like to share some of my thoughts. **I am still a member of the site though he no longer is** I came to know Rev through his column over at TheStreet.Com. He is not your average perma bull, perma bear, who stays planted in one camp. He has an amazing track record for not just picking stocks, but being able to sense, and give heads up in advance, when the markets feel like it is coming towards a top or bottom. When Rev announced that he was starting his own site, Shark Investing, I was right there signing up. He has helped give me the tools to become a much better trader, that the $80/monthly fee, is nominal compared to the money I now earn trading. Rev put together an amazing team of talent and brains that meet with his subscribers in a live chat forum called The Lagoon. In this forum, an extremely informative, energetic group meets daily to discuss the market. Not only is Rev's panel phenomenal, so are the subscribers themselves. Many hold degrees in finance, investment banking and are entrepreneurs. Rev, himself, chats with us on a very regular basis. The site has both a professional and family oriented feel. There is no pump and dump going on as in other chat forums. Stocks are researched on a daily basis. Hundreds of charts are scanned to come up with a group of stocks that WE are encouraged to research ourselves before buying. We are also encouraged to take profits when we can. I have learned, in the Lagoon, how to read charts and identify chart patterns that enhance my trading ability. In everyday life, there are those who are going to take the tools given to us and embrace them and others who are not going to adhere and walk away feeling bitter. I am going to refer to one case in point. Stock ABC was picked. It owned a large stake in company XYZ that was coming public. The story behind both ABC and XYZ was good. We all bought ABC with the belief that when the IPO of XYZ occurred, ABC would benefit. When that did not seem to be the case, and we could tell based on a failing chart pattern, the panel that moderates the Lagoon, advised us to cut the stock. Some did, others did not. Unfortunately, one of the subscribers who did not cut when advised, held on only to see greater losses. Caveat Emptor. Bitter, that person left the Lagoon. It saddens me that this person chose to use Rev Shark's book launch as his way of enacting his personal vendetta. Sometimes in life, one must know how to cut one's losses 'if that is how one feels' and plain and simply move on. As for myself, I have made my share of mistakes in my trading. I also have my share of winners. There is a reason that pencils have erasers. We all make mistakes, but that comes with the territory in the learning process. However, there are no better teachers in this process that the panel that moderates the Lagoon, tirelessly, each and every day, from sunrise to sunset, and many a times, the hours in between. There are no better members, that come together, daily, in a very professional manner, and willingly share their knowledge. And, to the man who put it all together, Rev Shark, a shout out of sincere thanks for not only putting it all together, but being an equally active participant.
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Overview
Profit from Your Unique Advantages as a Small Investor--Speed and Flexibility!
“The book you are holding is, hands-down, one of the most original and insightful books I have ever read when it comes to teaching you, the individual investor, not only why you have the ability to beat the Whales of Wall Street, but also how you can do it.”
--from the foreword by James J. Cramer, CNBC’s Mad Money and TheStreet.com
“Even investors who concentrate on fundamentals can benefit from Jim DePorre’s Shark approach to investing. At the very least they will know why, for a time, they can get the facts right but the stock wrong.”
--Herb Greenberg, senior columnist, ...