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Message
re: 50 Unfortunate truths about investing
Posted on 3/11/13 at 4:38 pm to LSU0358
Posted on 3/11/13 at 4:38 pm to LSU0358
quote:
Got to call bull s*** on this one. Technicals are very valuable tools. Should they be the only tools used? No, but they are still very important.
agreed 100%. Dude has never clearly traded commodities successfully if he thinks those indicators are BS. not to mention 1-2-3 tops and bottoms. double supports and triple resistances also are indicators.
2
Posted on 3/11/13 at 4:39 pm to Fat Bastard
quote:
has never clearly traded commodities successfully
Agree. Commodities are what I've learned on.
The 50 rules does leave out the most important tool to succesful investing/trading: Risk Managment!
Posted on 3/11/13 at 4:49 pm to Fat Bastard
quote:
agreed 100%. Dude has never clearly traded commodities successfully if he thinks those indicators are BS. not to mention 1-2-3 tops and bottoms. double supports and triple resistances also are indicators.
Housel is certainly not a commodities trader. He's very much a Buffetologist, likes funds, and undervalued stocks. I tend to agree with you guys on this, although I wouldn't recommend the average Joe play in the commodities arena, which I think Morgan intended this article for.
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