Читать книгу Psychological Analysis - Adam Sarhan - Страница 16

The strategies presented in this book pertain to all publicly traded markets but the discussion focuses primarily on stocks, options, currencies, bonds, and commodities. While this book mainly focuses on U.S. stocks, please keep in mind that the lessons, techniques, and truths are also applicable for any of the aforementioned markets.

Throughout this writing you will see me use many of these words interchangeably: stock, market, commodity, currency, bond, and plenty more. To avoid confusion, simply understand that these are all asset classes and that speculators can, and do, thrive in all of these environments. It is your choice where you focus your attention.

Back in the old days, not long after the Civil War, the first stock tickers appeared. They used the power of the telegraph to transmit the moving prices of stocks during the trading day, which were printed out on a seemingly endless ribbon of paper called ticker tape. Smart traders could follow the market trends they saw hammered out on the tape and they learned not to bet against it.

I'll end by saying: always keep your losses small and never fight the tape.

Trade wisely,

Adam Sarhan

PS: Before we go any further, I want to share an important disclaimer with you: Please remember, everything in this book is general in nature and at no time is any specific investment advice given (it can't be because I do not know you personally). My lawyers want to make sure it is very clear that past performance is not indicative of future results; investing involves risk; leverage can be used for you, and against you; and everything I share is for educational, illustrative, and informational purposes only. Additionally, I want you to know that it is of the utmost importance that you take full responsibility for every decision you make. That is one of my main goals of this book: to help you make smarter decisions so you can join the smart money circle!