Today I added a snippet of what some analysts think will happen in Malaysia in 2007. They may be right and they may be wrong.
The important thing to know is that every person will have a view, and that it is possible to make money even though that view is wrong. This is because as traders we will time our entries and exits so that probablilities are in our favour when we trade. Also, we have a mechanical system which cuts out discretion which we apply rigorously. So don’t always just believe what you hear. Do your own analysis, apply your own rules, and trade stock prices, not mere opinions.
Now back to my vacation..
October 27, 2006 at 5:52 pm |
I thought that your editorial comment is extra savvy, not only for students of economics, everyday investors, or Malaysia watchers – it should be the banner for the Wall Street Journal. http://www.gnuzworks.com