painting aluminum siding barrington siding types james hardie siding hardie board siding hardie plank siding .. Chicago Drug testing

Getting Even

I know there are a lot of you out there who would like to "get even" with the stock market. Many are on the diet of "I hope, I hope". As a professional trader I can tell you that diet will make you very sick.

If you play any game of chance like poker you know you are not going to win every hand. In fact you are going to lose more hands than you win, but at the end of the evening you can still come out ahead if you know how and when to bet and when to fold because it is not always in the cards that you have been dealt.

The same applies to gambling in the stock market. Oh, did I say a bad thing? Al, go wash your mouth out with soap. My broker says buying stocks is "investing", not gambling. And pigs can fly. Wall Street is just Las Vegas East and like poker you can be cleaned out. Oh, you already know that - in spades!

The teachings of Maul Street are that you buy a good stock or fund and hold it forever. They did not tell you that you may have drawn a 2, 6, 10 off suit and there is no way it will be a winner. They never tell you to fold your hand (sell). At least you are not losing money every time a card is dealt. With stocks they deal a new card every day called a price change. If the stock, fund or index you own goes steadily down over a period of time don't you think it would be wise to fold your hand and sit with your chips?

No, your broker will never recommend this because he gets paid every year you have your money "invested" in something, anything except a money market. It may only be one percent, but the brokerage company can live off that even if you can't.

I know, you are telling me you are "in for the long haul". What Wall Street genius thought up that one? In this high stakes game you must remember it was to leave with more money than you started and not to go broke or stay even. When the market is going down you want to be OUT, not sitting there every day hoping (and praying) your shares will go up. They won't. Like poker you have to take a small loss and wait for a better hand which may be quite a while. YOU DON'T HAVE TO BE INVESTED ALL THE TIME. Many times cash or bonds will make more money than owning stocks.

When the market is going down even the best stocks will fall. Understand you are not going to win every pot. Small losses will not hurt you. It is the big ones that can wipe you out. Know the amount you are willing to risk when you buy any stock and fold when that loss limit is hit.

You are not investing to "get even".

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at and discover why he's the man that Wall Street does not want you to know.

Copyright 2005

In The News:

Price to Earnings Ratio - P/E

After finding the price of a particular stock, usually the... Read More


In 1960 an engineer working for a watch company in... Read More

Does Japan Matter?

For the last 12 years we have seen the Japanese... Read More

Hot Stock Investing ... How to Pick Hot Stocks with Momentum Stock Trading

Profitable day traders recognize that momentum trading is among the... Read More

8 Penny Stocks to Avoid

There are many good penny stock investments available, which could... Read More


Are you one of those many people who dread reading... Read More

Mutual Fund Ball and Chain

The broker told me not to sell because the mutual... Read More

Commoditizing the world

Let's discuss commodities; with the latest Enron situation, it is... Read More


Every day I hear from the "experts" on CNBC-TV and... Read More

Trade Stocks for Real

I read a comment by a forum member on another... Read More

Perfect Storm

Having lived aboard a sailboat for 2 years I was... Read More

Precision Money Management

This article describes the model of a natural relationship between... Read More


In November of 2000 when the NASDAQ was trading at... Read More


Even if you don't own any of their stock or... Read More

The Surgeon General

The Surgeon General of the United States says that smoking... Read More

Choosing A Fund

For years I have been saying you must have a... Read More

Where Is The Beef?

Where is the beef? Or maybe it should be where... Read More

Mutual Fund Commissions

You have heard about a particular mutual fund from a... Read More

Advisory News Letters

Several times each month I am solicited by various market... Read More

Box Of Chocolates

Ever have one of those sample boxes of candy? Each... Read More

A Stock Market Investment Strategy

I feel that an investment strategy in the stock market... Read More

Frog In The Pot

You remember the story about the frog that was put... Read More

No Load Mutual Funds or Exchange Traded Funds (ETFs)?

If you are fed up with early redemption charges and... Read More

Quality Investment Information: Standing Firm In the Face of Opposition

THERE'S SOMETHING TO BE SAID FOR standing firm in the... Read More

Oil Stocks As A Long Term Investment

The demand for world oil is increasing while world reserves... Read More

led lights bulbs energy efficient led lighting Pete's produce ..
led lights bulbs energy efficient led lighting Pete's produce ..