I became a winning trader when I was able to say,
"To hell with my ego (when I'm wrong), making money is more important."
"Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool - remove one and the stool will fall, together with the person who sits on it. "
"Don't call the market a bull or a bear --it can switch-- just ride the trend"
"When all the experts and forecasts agree – something else is going to happen."
“Markets can remain illogical longer than you or I can remain solvent,”
Dr. A. Gary Shilling
"Time is your friend; impulse is your enemy"
John (Jack) Bogle
"Don't try to buy at the bottom and sell at the top. It can't be done except by liars."
"Q: Why did God create stock analysts ? A: In order to make weather forecasters look good. "
"Simplicity in trading demonstrates wisdom. Complexity is the sign of inexperience."
"A whole lot of bulls make a bear"
"stocks take the stairs up and the elevator down."
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The CNN Greed & Fear Index is one of the best signals I have seen. I have followed it for some time and anytime it gets above 90 to Extreme Greed, a sell off or pull back occurs within one week. This has even been the case in a market manipulated by low interest rates and Federal Reserve massive printing of money. The Greed Index today just jumped over the 90 level, settling at 91. This to me signals a possible reversal in the coming days. Note the chart below.
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As we all know, almost every central bank in the world is printing money to boost exports and support asset prices in the stock market. To their credit, the money printing idea has worked as markets around the world have been rallying. Japan is now the most aggressive money printing country. The Bank of Japan (BOJ) said that they would put $1.4 trillion into the economy over the next two years. The Nikkei 225 Index (Japanese stock market) has gained nearly 7,000 points or 80.0 percent since October 2012. This rally in the USD/JPY, and the Nikkei 225 Index has been parabolic and shows the power of money printing or the devaluing of the currency.
At this time, the major stock indexes around the world seem to be trading higher when the Japanese Yen declines against the U.S. Dollar.…
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