Friday, December 11, 2009

Stock Trading For Dummies

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I don't know why, but publishers could write a book called Stock Trading For Dummies and it would probably sell like a million copies. I'm not sure why we like to be called dummies but when it comes to really complicated things like stock market investing, we do. While a book that talks about stock market trading for dummies I am sure is useful, you would be better off to buy a book called How To Make Money in Stocks by William O'Neil. In his book he walks you through his strategy called CANSLIM step by step. He bases his strategy on his research on greatest stock winners of all time. He's compiled a list of characteristics that each of those stocks showed signs and teaches you how to find them on your own.

If you wanted you could try and find all of your information online, (stock trade for dummies probably has some sort of website for all I know all ready to go), I think you'd be better off starting with one of the best investment strategies you can find available. If you combine his book with the Investor's Business Daily, you'll discover a bunch of information at your fingertips each day to help you become a successful investor. Don't be fooled into thinking that making money in the stock market is going to be easy. It will take hours of study and experience to perfect your investment plan. But if you take the time to do it, you'll find that even us dummies can do it as good as the pros.

After all, the people we trust with our money are sometimes pretty dumb considering the fact that they failed to tell tons of people to get out of the market when it was about ready to tank completely in 2008. That's all I need to know to figure out who has my best interest at heart and it's not Wall Street.

You also should feel the same because when it comes right down to it, the financial district is not concerned about whether we make money or not. They are only concerned that THEY make money. And as long as they do and we continue to be the dummies they want us to be, they'll continue to do it.

Maybe I should start my own book and call it Online Stock Trading For Dummies. But, even then, I'm guessing that some lawyer would call me and tell me you can't do that -- stupid. You might make money and that's not allowed. Lol.

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