trades for the bull market
You ever heard of a guy called Warren Buffett? Well, I'm sure that if you have not been living under a rock for the last 10 years you would know the person I'm speaking of. He is very famous to say the least, so famous that he has written the ultimate book on investing in the stock market, well not just investing in the stock market but investing in general. Warren Buffett himself is a really interesting person and a very interesting individual from the perspective of where he came from and what are the characteristics that he has that has propelled him to Fame and wealth. Since he is such a successful figure and a successful man, I believe it's a great service to oneself to understand what has helped Mr. Warren Buffett to get to where he is currently at. To elucidate his current situation in order to posit his importance in investing and in the financial field and on top of that being a cultural and a social icon so much so that he has transcended the world of investing and has propelled himself to the world of myth-making. He is in many ways a mythical figure to a very many people in the public. Obviously, his reputation precedes him and it is mostly based on absolute truth that he has in some ways revolutionized the way that we think of investing in the markets. The sage of Omaha as he's called is kind of indicative of his ability to predict or so to speak to prepare for possible scenarios in the future and his ability to be prepared for the future and more importantly to take advantage of possible opportunities in the future is what sets him apart from his competitors. There's been quite a bit of speculation into what exactly is his methodology, to the extent that there has been people who have been paid off in order to infiltrate his organization to be able to get that information out. Now according to him and some of the people that are associated with him he uses what are essentially very basic value investing strategies to be able to pick stocks that are way undervalued based on many different kinds of standards. It is speculated he runs a methodology that is a combination of many of his stats that he tracks primarily using cash flow analysis, capital analysis and investor demand and supply. So, in theory it’s really easy, but obviously that it is in fact complicated, kind of like driving on a straight road versus swerving on a straight Road. In other words, it is a very simple methodology but very hard to grasp. So, it is simple but hard and someone who has to navigate in this environment has to have many different characteristics in combination, this combination of characteristics can range from self-discipline to market knowledge to market experience to self-confidence and most of all decisiveness. In the market every moment counts, every moment is fleeting so whenever you have to make a move, whenever you find an opportunity you have to take advantage of the opportunity else it's all for nothing, it's all wasted. That's what Warren Buffett does the best, he brings a combination of attributes on table that enables his company to be world-renowned and for his name to be known all across the world everywhere. Now let's imagine of Warren Buffett as someone who was just an average man and not someone who is a multi-billionaire known across the world. So, if he were to be an average Warren Buffett and did not have access to the market to the same degree that the real Warren Buffett does and so when currently he gets access to traders and their information to give him an edge where there might not be an edge if he was just an ordinary man. That is to say that without the individuals like himself that he has access to. So, the last line is to illustrate the extent to which Warren Buffett's strategies are not something that is being utilized based off of Insider information or some kind of an outside unique particular advantage, his strategies are strategies that you can use for yourself, that is the average man can utilize his way of investing. And that is his utility for us, that is what makes him different is his applicability for the investing public in general. Now that said let's switch to more nitty gritty information that is required of all the individual investor or trader to be successful. To be self-sufficient and to be a successful trader you have to learn and master how to be a trader in the first place. There are wonderful outlets and places you can learn from and teach yourself how to trade in the markets. Of the top of my head, you can use cnbc.com and bloomberg.com as some of the more go to sources for Education and Training on investing and trading in the markets. On top of that there is a missing piece in most people's trading repertoire. What most people lack is a strong and effective trading platform on which they can trade because a good trading platform enables a Trader to function efficiently and smoothly. Based on the offerings that are currently available on the market for a trading platform the best platform you can have is called Thinkorswim. it is a fantastic platform, Thinkorswim not only allows you to trade, the big advantage with Thinkorswim is the fact that it is very versatile, not only can you trade, you can research, you can analyze, you can pre-plan your future investments in advance for future market conditions. This is all to say that a trading platform is possibly the last piece of the puzzle for you to be a Warren Buffett of own way.
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