So-Called Stock Market Experts

There are stockbrokers, mutual fund managers, television personalities

, you name it, who claim to be proficient in helping you make money. Many of these so-called trading experts make a lot of money, but it usually is not in the stock market. They make their money giving advice, taking commissions and fees, or jumping around yelling on television. They are feeding you snake oil.

The typical stockbroker will sound like a true expert when talking to a potential prospect, especially a stock market novice. The broker will give out information and hot tips. Trading based on this information and hot tips are some of the surest ways to lose money in the market. Most brokers are terrible traders. That is why they are brokers instead of successful full-time traders.

You will hear from some in the financial world that mutual funds are the way to go. The vast majority of mutual funds underperform the S & P Index. Most people think that mutual fund managers are stock market experts. The numbers say otherwise, as about 80% of mutual funds underperform the stock market's return in a typical year. This is not good.

Next we have the television personalities such as Jim Cramer. Cramer has given out a lot of terrible advice, and has influenced many people to lose substantial amounts of money. Cramer, in his ignorance, continually tells people to buy stocks on the way down in price. Mr. Cramer, you are telling people to go against the trend. Obviously, Cramer does not understand the successful principles of trading in the stock market. Sadly, way too many people fall for his losing methods.

At this point, you are probably thinking there is no way to consistently make money in the stock market, or any other trading venue. I have great news for you. The same outstanding traders consistently make a lot of money in the markets, year after year. In fact, they have amassed fortunes because of their exceptional trading knowledge. The key is to learn from such legendary traders such as William J. O'Neil, Jesse Livermore, Michael W. Covel, Richard Dennis, and others. Read their books. Study their methods and principles. Implement what you learn into your own trading. Your results will dramatically improve. You could even make a fortune.

So-Called Stock Market Experts

By: Gary E Kerkow

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