Becoming Debt Free Challenge

[WealthyKing]

New direction here, this board can become the place where traders who are involved in group buys, or are aware of what companies are being bought up before 'the big run' can chat and toss ideas, strategies and prospective companies back and forth.

[WealthyKing]

Lots of great buying opportunities out there today. how do you know which one to buy?

my best advice for today is when choosing what stock to purchase in a down market, look at earnings as your tell all for what to do. Earnings will nearly always beat the market in the long run and can assure that the pps will trend back up fast as bulls move back in.


Buy companies that are undervalued in respect to the last 2-4 q's earnings.

[WealthyKing]

The majority of traders, money managers, and investors make the majority of their investment decisions based on their emotion, without following processes of deductive resoning. however it is hard to find those who admit such poor decisionmaking; after all, would you admit your poor judgment if confronted?

Year over year investor and money managers annual gains ammount to mere single digit percentage gains, if only emotion was easy to remove from the equation, making room for reason.

are you one to act on emotion or do you stand on logic and reason. Think about this, when was the last time you bought a stock on on a hyped up run only to have it start sliding back down, where you end up selling and taking a big loss? sound familiar? there is hope for you yet...

[WealthyKing]

I'd like to start the board with a short comment on today's action in the broad market. Today we have experienced a steep drop across the board, with the DOW down over 400 pts early in the day. I know that it can be difficult to sift through the wild market we are currently in, but knowing what and when sell and buy doesn't have to be overwhelming.

Take a moment and look away from the market to reflect on the 'why' behind the wild swing today. use the answers you find to help you decide whether or not to buy or sell. Put aside your ramped up emotions that are tempting you to make impulse decisions. Decisions made from a position of Fear will nearly always bring regret later on.

Good luck and let wisdom be your guide, not emotion.