Market Myths, Illusions, Truths, and Scams<br />Seeing Reality the Way It Is<br />
Agenda<br /><ul><li>Common Misconceptions About the Markets
The Importance of Seeing Reality For What It Is
Going Outside Your Comfort Zone in Order to Grow
Learning to Make Your Own Financial Decisions
Putting It All Together</li></li></ul><li>Common Misconceptions About the Markets<br /><ul><li>  Over the long-term, stock...
  Good news on a stock or on the economy = a good reason to           buy   (Don’t be fooled!)
  Good balance sheet, good management, strong earnings:  Where is the price of the stock when all of this criteria is true...
Financial statements do not necessarily tell the whole story.
Learn to see objective reality the way it is rather than rely on someone else’s opinion (i.e. Wall Street Journal, CNBC, B...
As your level of confidence and belief becomes stronger you begin to see reality the way it is and begin to dig for the in...
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Market Myths, Illusions, Truths, And Scams

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The financial markets are filled with illusions and traps that novice traders consistently fall for while rules-based professional traders profits from the same traps. Learn to see reality the way it is, not just seeing what you are feeling.

Published in: Business, Economy & Finance
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Market Myths, Illusions, Truths, And Scams

  1. 1. Market Myths, Illusions, Truths, and Scams<br />Seeing Reality the Way It Is<br />
  2. 2. Agenda<br /><ul><li>Common Misconceptions About the Markets
  3. 3. The Importance of Seeing Reality For What It Is
  4. 4. Going Outside Your Comfort Zone in Order to Grow
  5. 5. Learning to Make Your Own Financial Decisions
  6. 6. Putting It All Together</li></li></ul><li>Common Misconceptions About the Markets<br /><ul><li> Over the long-term, stocks go up
  7. 7. Good news on a stock or on the economy = a good reason to buy (Don’t be fooled!)
  8. 8. Good balance sheet, good management, strong earnings: Where is the price of the stock when all of this criteria is true?... Typically high</li></li></ul><li>Seeing Reality the Way It Is<br /><ul><li>Charts not only don’t lie, they can’t lie. All buy and sell orders show up on the charts which represent the convictions and beliefs of all the other market participants.
  9. 9. Financial statements do not necessarily tell the whole story.
  10. 10. Learn to see objective reality the way it is rather than rely on someone else’s opinion (i.e. Wall Street Journal, CNBC, Bloomberg…)</li></li></ul><li>Getting Outside Your Comfort Zone<br /><ul><li>When you go outside of your comfort zone and stay focused on your plan, you give yourself permission to grow and gain confidence in your plan
  11. 11. As your level of confidence and belief becomes stronger you begin to see reality the way it is and begin to dig for the information yourself without needing to rely on outside sources such as typical business media (i.e. CNBC, Bloomberg…)
  12. 12. Be willing to see reality the way it is, even if everyone else feels like they must follow the herd</li></li></ul><li>Cramer on Wall Street Confidential<br />
  13. 13. Making Your Own Financial Decisions<br /><ul><li>Do not blindly accept whatever a financial consultant offers
  14. 14. Just because someone is on CNBC it does not mean that they know what they are talking about
  15. 15. Plan things well. Failing to plan is actually planning to fail. Have a long-range mentality but focus on performing well in the present
  16. 16. Motivation to consistently grow and learn in order to perform better</li></li></ul><li>Thinking as a Professional Trader<br /><ul><li>Buy at wholesale prices and sell at retail prices
  17. 17. “How you make money buying and selling anything is exactly how you make money in trading.” -Sam Seiden
  18. 18. Floor Trader on CME, Vice President
  19. 19. Online Trading Academy
  20. 20. Keep things simple.
  21. 21. Let the odds and probabilities of your method work in your favor over time </li></li></ul><li>Putting It All Together<br /><ul><li>Make decisions based on objective information rather than following the market herd
  22. 22. Learn to heavily discount the media and crowd’s opinions (possibly even taking the opposite view)
  23. 23. Work to expand your comfort zone and continue executing your well-organized plan
  24. 24. Keep things simple</li></li></ul><li>Questions?<br />
  25. 25. Presented by Evan McNeil<br />

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