Stock market commentary, analysis, insight and opinion of the RightLine Editors is available every Tuesday/Thursday evening & Saturday
afternoon. The following is excerpted from the:
September 19, 2017 - The RightLine Report
Notes From The Editor
"Think education is expensive? Try ignorance." RightLine took this bit of wisdom to heart in 1997 and turned it into a company trademark.
Since then we have emphasized a personal trading education as a gateway to financial improvement. Being students of the market, we're always learning. Every day presents new challenges, and within the challenges we find new opportunities. Granted, it does take effort to get an education, yet as the saying goes, it's much less expensive than ignorance.
Unfortunately most investors do "try ignorance" - although unknowingly.
And while some uninformed folks view trading stocks as a type of gambling, their lack of understanding usually keeps them from accessing the most valuable profit-producing tools and training available anywhere.
Trading is an extremely valuable resource for any student of the market, because teaches profit skills efficiently. I know of no better way to compact as much usable experience into such a short period of time.
Once you've learned how to trade, you can apply your skills to any time frame - from minutes to years.
The repetition of strategic planning, entering positions under live conditions, implementing risk control, and managing trades sharpens your abilities faster than most people would ever imagine.
Just remember to be patient with yourself. Learning this craft requires several years to reach a high level of consistent performance - even if you are a fast learner.
Regardless of the way anyone chooses to learn or how they perceive the rise and fall of stock prices, we can be certain that market cycles will continue to repeat themselves. There will be varying degrees of increase and decline between the reversal levels, but the up and down cycles are sure to continue in all time frames.
And since they always do, it follows that if we want to make money in the market, the best role to assume is that of a student. Why? Because this point of view allows us to use the knowledge we accumulate to improve our skills. Students are willing to accept mistakes as part of the learning process and make adjustments along the way.
The knowledge gained in the student role is powerful. It allows us to assign significant value to the experience of the journey as well as the destination. The benefits of doing that are real, and once prepared you can literally name your own price.
Thomas Sutton, Editor
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