The Quest For Stock Market Gold 1

The Quest For Stock Market Gold

I find the tales about the California Gold Rush generation captivating because a few other instances throughout the path of human records, in a modest way, probably achieved superb wealth. Though the search for gold became outconstantly smooth for the 49ers, and now not all of them did what, when they actually “staked their claims,” everyone had the same possibility to achieve instant riches as the following. The Gold Rush changed into a fantastic equalizer.

Finding superb inventory trading possibilities is, in a way, like the 49ers’ quest for gold, in that each person—whether younger or older, rich or of modest means, male or girl—has a chance to create wealth for himself or herself. But locating a shiny nugget at the bottom of your pan is one thing, even as finding the ones who choose shares with maximum explosive upside capability is quite another.

Today, I recognize why trading an inventory simply because it breaks out can lead to explosive gains. I know the joys of watching a quality inventory quickly swell my portfolio, but this has always been the case. I tried out almost every other inventory buying and selling strategy first because I found reading stock charts tedious and confusing. Which shares should I pay attention to? What does a stock’s chart appear like? What moving averages should I use? Which oscillators are excellent?

As an executive at an economic TV channel, you might think I’d have the internal song on slick methods to alternate the marketplace, wouldn’t you? After all, I regularly rubbed elbows with several of the most influential stock market authorities on the financial seminar circuit. This became the handiest factor. Each man or woman was busy selling his or her specific stock trading approach. As I bounced from trying one buying and selling method to the subsequent one, I started to recognize that many of these techniques did not include paintings as predictably as expected.

At one point, I even became a penny stock, wondering how to make big cash inside the marketplace. After all, five 000 shares of an inventory made you seem like a pretty large investor. But in the end, even a $1.50 stock should emerge as a.S event five inventory in a single day, on a few little ripples in the business enterprise’s game plan, and poof! Half your grubstake…Long gone! And, given that penny shares are usually so thinly traded, it took a “month of Sundays” to execute a sell order. Meanwhile, you believe you studied as your sell order single-handedly brought the stock’s cost down some distance below what you hoped for.

The shortcomings of the various stock buying and selling strategies I tried best made me more determined to find a more predictable manner to make cash in the inventory market. My epiphany came here while turning the primary few pages of a book on inventory charts that the writer despatched to our television station. The ebook sat on a bookshelf in the corner of my office for some time, gathering dirt. The ebook? Analyzing Bar Charts For-Profit with the aid of John Magee.

Magee changed into speakme approximately how the field of technical evaluation developed, beginning with the early transferring averages developed via Charles Dow courting all of the manners lower back in 1884. As I studied, three things occurred to me:

1. First, some brilliant human beings have been working on locating a machine that uses charts to anticipate stock moves for the long term.

2. Second, charts represent the most effective visible, real record of an inventory’s movement that has not been filtered through a few monetary information analysts or inventory market gurus.

Three. Third, and most crucial, making affordable assumptions, based totally upon certain charts, about when a stock becomes nearing its finest capability seemed manageable. Could I have eventually determined the “holy grail” of inventory profits I have been looking for?

Of course, not everything is ever as simple as it seems at the outset, and pretty frankly, the look at charts took me far deeper into technical evaluation than I ever had meant to go. Yet somehow, the search for a greater definitive way of understanding while shopping for high-ability stocks grabbed hold of me and wouldn’t let go until I had some tough and speedy answers.


I am a writer, financial consultant, husband, father, and avid surfer. I am also a long-time entrepreneur, investor, and trader. For almost two decades, I have worked in the financial sector, and now I focus on making money through investing in stock trading.