Facing Your Greatest Opponent

Facing Your Greatest Opponent By Dave McLachlan There are not too many occupations that involve deep self reflection.  Sure, you could travel to the top of a mountain and sit in solitude, or you could visit a monastery or temple and ponder the deep questions of life.  Or if none of that takes your fancy, [...]

September 12, 2009  Tags:   Posted in: Articles On Building Wealth  No Comments

Amateurs Open, Professionals Close The Market

Amateurs Open, Professionals Close The Market By Dave McLachlan It’s 9:59 in the morning – traders and brokers are lined up in anticipation.  They’ve got their order books ready, and they know what they have to do.  All of a sudden, 10:00 am hits – the market opens and a flurry of activity sends the market [...]

August 17, 2009  Tags: ,   Posted in: Articles On Building Wealth  No Comments

Consolidation At Previous Highs

Consolidation At Previous Highs By Dave McLachlan This is a phenomenon that is very useful to know.  While it is simple (like all the techniques I tend to use) it is also powerful and extremely lucrative.  It was also the basis for Nicholas Darvas’ technique in the book “How I Made $2,000,000 In The Stock [...]

July 29, 2009  Tags: , ,   Posted in: Articles On Building Wealth  No Comments

Let The Market, Not The Gurus Show You The Way

Let The Market Show You The Way Many regular people when they first try their hand at investing, insist on trying to tell the market where it should go.  By this I mean that they buy stock when the market is falling in the hope that it will rise, or they sell stock after it [...]

July 15, 2009  Tags: ,   Posted in: Articles On Building Wealth  2 Comments

Going With The Flow Of The Overall Market

Going With The Flow Of The Overall Market There are many great traders and investors who had one mantra in common: follow the trend of the overall market.  In other words, if the general index is in an up trend and a bull market, it is a good idea to avoid shorting stocks.  If the [...]

July 13, 2009  Tags: , ,   Posted in: Articles On Building Wealth  One Comment