Quote:But when it corrects you lose all that money you've slowly and responsibly made. I have zero faith in the stock market, I saw to many people who had been responsible and did as they where told lose just about everything in the last recession. Then I watch our politicians and banks doing the same thing all over again and I say well history says it's going to correct itself again one day. So all those people making safe investments are going to get screwed again at some point.

 

The real goal is to get out before the screw job comes, to me that's just insane. Give me land, land is never worth zero.

 

Like they say, the only certainty is uncertainty.

 

I respect what you are saying but I still feel like that attitude is just an excuse by most people who may be afraid of the risk or for other reasons. There are many people who make money in the market and probably even more who lose money. If you think about it you basically have to be better than 50% of other investors to even make a profit. I see the whole market as a big roller coaster but somewhere between all those waves there is an equilibrium, it's just up to you to find it and to be on the right side of it.

 

Not saying that I am not going to lose money or get screwed but I feel most comfortable investing when something is as close to "certain" as possible. It's all about managing risk, that can be achieved by studying charts & through technical analysis in general and also by using things such as stop market and stop limit orders to ensure that if your investment starts going down you will get out before you lose the majority of your profits.

 

For those of you wanting to get into technical analysis, check out this website: http://www.stockcharts.com

 

Read through the chart school section, there is a wealth of information regarding technical analysis. 

 

In my experience price to volume analysis tells me more about what is going to happen tomorrow compared to popular indicators like stochastics, and lagging indicators like the MACD.

 

I also understand that the big guys manipulate the market in order to put the money into their pockets, price to volume helps predict these type of things. 

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