Written by Rob McNamara
Dos And Don’ts To Make Stock Trading Profitable Even In Economic Uncertainties
“A Financial advisor that rides the waves of the stock market; bends like the willow tree, guiding you with truth, honesty and integrity.”
As the waves rise and fall with the rhythm of the ocean, the flow of the stock market, rises and falls in sync with the creation of trends and share prices, at peak performance ending with a tidal wave.
In this book, Rob McNamara has attempted to break the myth with relaying the art and science of stock trading. Amidst the uncertainties, Rob McNamara has touched upon concepts like the basics of stock market and historical analysis to helping you master the market as an investor.
Being a financial advisor, I am no stranger to advising more than 5,000 baby boomers retiring every day. Like you, they have worked hard to build their worth. Like you, they worry about expanding on their wealth and about their financial future – how they will be able to realize the dreams they have been saving for, and if they will be able to plan that wealth for their future generation. And just like you, I have told them endless times how good things come to those who not only think it is possible but also probable.
With a profound and deeper understanding of the Elliott Wave Theory, which is based on the “Rule of Alternation.” Simply stated, this means that in financial markets and in the entire created universe, for that matter, every action has an opposite action, or reaction. Since Elliott Wave Theory is also based on pattern recognition, basic technical analysis serves as an excellent complement. Let’s delve into the Elliott Wave Theory and realize how it is spookily accurate.
I am sure you can literally count the number of times you have heard this. I am sure that the count will be less than five considering the state the financial industry is in. It is a no brainer that most of you hear, no matter where you are, is related to gloom and doom, which is not going to clear up anytime soon. Consider Brexit – it was totally unexpected and the people’s decision left economies tumbling overnight. The UK’s outlook was reduced to Negative by Moody.
The top rich people in the Forbes lost their wealth by billions. Well, was this the first? No! Consider the Eurozone crisis – what happened reduced the Greek economy to shambles and for that matter; it had put the economies of other countries in the danger line. This leaves you trembling when you think about investing in the market. Hopefully, today, I will be able to help change all of that.
Whenever you are starting anything new, there is a lot of excitement. You have all of these hopes and dreams of how it is going to turn out, and what you think is going to happen and you may want to cut a few corners and rush a few ideas. While this may not seem like a big deal at first, you are going to see that this doesn't pay off in the long run. Beginners in the stock market tend to make a lot of mistakes, especially when they are too enthusiastic about what is going to happen.
Within this book are the deepest secrets and challenges facing beginners in the stock market. A good investor should be able to sniff things before they become clear. I pride myself on standing outside of that herd and being able to provide forward-looking advice to my clients so that they can stay ahead of the curve.
However, you do not stay ahead of the curve by just waving a magic wand, or by accident, or by simply trading with winning stocks. To be able to be forward thinking, you must be able to look into the past and understand the history. Once you have understood the history of anything and this includes any volatile market, your probability of success increases. With historical information, you are equipped with the right knowledge. And that knowledge is ultimate, and perhaps, the only power an investor has at their disposal.