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New Methods for Profit in the Stock Market: With a Critical Analysis of Established Systems Paperback – July 1, 2011
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Drew defines the market as comprised of Investors/ Public / Professionals. The public pays for the profit of the professionals. The professionals cannot make money by buying and selling as the same time as public. The public generally becomes progressively more bullish as prices rise, does most of the buying at the top, only to be discouraged by the ensueing decline to sell out at the bottom. They buy too soon and sell too soon instead of buying on weakness and selling on strength. Every Successful Speculator & student of psychology knows that the mass of people are less intelligent than the few. In order that a few may be right, the many must be wrong.
This work Analyses the following approaches to deal with the stock market fluctuations:
1. Forecasting/ Trends/ Technical Analysis/ Timing.
2. Market Character Methods: Ways of determining the state & character of the market.
3. Formula Plans: Miracle Plan Investing Technique e.g dollar averaging..if we can stick to it, good results may be obtained.
4. Measures of Speculation & Psychology: Contrarian Thinking & Odd Lot Index Analysis.
5. Timing vs Stock Selection: Comparison of various methods which avoid forecasting altogether: value investing, growth stocks, formula plans.
Drew concludes, as long as there is movements, the opportunities of stock market profits will exist, and the methods designed above will take advantages of these opportunities. That is all one can hope to do, because the market cannot be made to behave as one might like to have it. The background may differ, or the character of the movement may not be always the same, but if any approach is soundly based upon some factor inherent in the nature of price changes, it will continue to work just as well in the past - come what may.
One of my favorites!!!!!