2006-09-01 20:42:28 · 4 answers · asked by Jaiprakash 1 in Business & Finance ➔ Investing
There are no crystal balls, no pot of gold at the end of the rainbow, and there is no one indicator that will make you a success.
You would do well to forget trying to "predict" anything, and concentrate instead on what to do when price hits certain Support and Resistance areas, or retracement levels, and define the trend instead.
You can very well define "targets," but this is not a prediction.
Instead of concentrating on how much money you're going to make with your sci-fi predictions, concentrate instead on risk, and you may just stay in the game long enough to learn something.
Try out your ideas on a simulator at Investopedia.com
2006-09-02 09:22:38 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
When I worked at Goldman Sachs I asked that question of many people. The answer always worked out to be...you can't time the market...really.
Frankly I'd never trust an answer on YA for this one!
2006-09-02 03:44:32 · answer #2 · answered by Anonymous · 1⤊ 0⤋
to help you better read tips on stocks and investments on this site
2006-09-02 05:13:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You don't... that is the best answer you will get -- everything posted that contradicts this is a lie.
2006-09-02 03:51:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋