If you're an experienced stock trader, you don't need this book. However, if you've invested money in the stock market before and lost money, either by following the advice of so-called "experts" or buying stocks yourself, you may not know what you did wrong. Rather than pour more money down the drain to repeat your mistakes, take a moment to read this book and learn the simple, yet effective techniques that professional Wall Street stock ...
If you're an experienced stock trader, you don't need this book. However, if you've invested money in the stock market before and lost money, either by following the advice of so-called "experts" or buying stocks yourself, you may not know what you did wrong. Rather than pour more money down the drain to repeat your mistakes, take a moment to read this book and learn the simple, yet effective techniques that professional Wall Street stock traders use to make their living off the stock market.
The first secret is that the only part of the stock market that anyone can control is when to exit or sell a stock. You have absolutely no control whether a stock will go up or down, but you do have control when you will sell. “Experts” will always tell you when to buy a stock, but they never tell you when to sell and selling at the right time is the key to maximizing profits and minimizing losses.
Once you learn proper money management through minimizing your losses and maximizing your profits through selling, the next step is to buy a stock only when the odds are in your favor. While there are plenty of stock tracking techniques that are statistically provable for generating profits over the long-term, many of them involve complicated mathematical formulas and calculations. Yet one of the simplest and statistically accurate methods is identifying predictable patterns in stock charts.
This is the secret that professional Wall Street stock traders use. When they’re making split-second decisions in real-time, they don’t have time to calculate complicated formulas. Instead, they look for specific, predictable patterns in stock charts that indicate when a stock is likely to start rising or falling in the near future. Chart patterns not only tell you when to buy, but they also tell you when to sell, but only if you know how to identify these commonly used patterns.
By following these two secrets, knowing when to sell and knowing when to buy, you can greatly increase the odds of picking winners in the stock market. It all boils down to statistics and careful planning, which means anyone can learn to trade stocks profitably on a consistent basis, even you.
Whether you have $1,000 to invest or $100,000, this book can show you the simple techniques that Wall Street professionals rely on, which are now available to you. If you're tired of losing money in the stock market, it's time to take control of your finances and start making money today.
Wallace Wang is the author of several non-fiction books including "Microsoft Office 2010 For Dummies," "My New Mac," "My New iPad 2," and "Steal This Computer Book." He is also the co-author of "Breaking Into Acting for Dummies."
In addition, he has written several articles for "Technical Analysis of Stocks and Commodities" magazine while trading stocks as a hobby on a part-time basis.