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Monday, August 31, 2009
Thoughts on Wealth & IncomeI recently re-read The Millionaire Next Door. Almost forgot how profound
and "potentially" life
changing that book can be...here's a quote from Thomas Stanley that pulls-no-punches;
Most people have it all wrong about wealth in America.
Wealth is not the same as income.
If you make a good income each year and spend it all, you are not getting wealthier.
You are just living high. Wealth is what you accumulate, not what you spend.
~ Thomas Stanley, Ph.D., and William Danko, The Millionaire Next Door
To your ever expanding wealth! Scott
7:32 am est
Sunday, August 23, 2009
Thoughts to Consider
Remember, the market is designed to fool most of the people most of the
time. Sometimes, the market will go contrary to what speculators have predicted. At these times, speculators must abandon
their predictions and follow the action of the market. Never argue with the tape. Markets are never wrong, but opinions often
are. I only try to react to what the market is telling me by its behavior. ~Jesse Livermore
9:15 am est
Friday, August 21, 2009
Market Turning Points
Volatility is greatest at turning
points, diminishing as a new trend becomes established.---George Soros
Speaking of trends and volatility, don't miss the newly posted, Featured Book of the Month! It's one every serious trader should have in his or her library!!
Wednesday, August 12, 2009
Life Quote
We all face obstacles of one kind or another in life. But if you let
your deepest passion serve as your fuel, you'll be able to travel the road back and move on to make your dreams happen.
~Dr. Francisco Bucio, as quoted in Cynthia Kersey's book, UNSTOPPABLE
7:45 am est
Thursday, August 6, 2009
Book debut rescheduled to August 25th, 2009Hello Friends,
We received a call from our publisher today.
Due to a slight technical difficulty transitioning the book copy & cover to Amazon, the official debut date has been rescheduled
to August 25th.
Because of this delay we're opening up the remainder of the ChartSmith Trader's
Kits (only 7 left!) at a Special Reserve pricing arrangement. The complete book in binder form with the Trader's
Kit is available until they're gone! Go to the Special Reserve pricing page to order yours.
Thanks to all of you for teaming up with us to get
the word out about this incredible business.
To your trading success,
Scott
11:48 pm est
Wednesday, August 5, 2009
FunnymentalsFunny-Mentals
It is amazing
to me; every day I turn on the news to see reports emphasizing how the current recession is over... July saw a loss of approximately 488,000 jobs, more than the estimate of 328,000
lost jobs. Now there is talk of the Bureau of Labor Statistics to revise job losses for the beginning of
2009 considerably higher. I’m not an economist but in order to see a rebound in the economy doesn’t
there need to be jobs? This is one of the reasons Scott refers to news
reports as funnymentals. It’s fun to see and read them, just don’t believe them.
Be a technical trader first and foremost. Study the charts, use the tools, and check the seasonality;
beyond that, the news is just the news.
Lastly, consider who the news is
targeting and view the news as entertainment and nothing more.
Have a wonderful week! Shawna
Saturday, August 1, 2009
Notable Trading Quotes"Trade what you see, Not what you think"
"My first rule is not to lose money. Losing an opportunity
is minor in comparison, because there are always new opportunities around the corner." - Burt Dohmen
~ Risk Not
Thy Whole Wad ~
"Experienced traders control risk, inexperienced traders chase gains." -Alan Farley
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