12 Basic Stock Investing Rules Every Successful Investor Should Follow(5)

9. Traditional technical and fundamental analysis alone may not enable you to consistently make money in the markets.

Successful market timing is possible but not with the tools of analysis that most people employ.

If you eliminate optimization, data mining, subjectivism, and other such statistical tricks and data manipulation, most trading ideas are losers.


10. Never trust the advice and/or ideas of trading software vendors, stock trading system sellers, market commentators, financial analysts, brokers, newsletter publishers, trading authors, etc., unless they trade their own money and have traded successfully for years.

Note those that have traded successfully over very long periods of time are very few in number.

Keep in mind that Wall Street and other financial firms make money by selling you something - not instilling wisdom in you.

You should make your own trading decisions based on a rational analysis of all the facts.



By C.C. Collins