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Articles from Victor Chan | Selfgrowth.com
- The Three Myths of Investing - by Submitted on Mar 08, 2011 from Victor ChanIf you play a game before familiarizing yourself with the rules, you are deemed to fail. Most people have a difficult time making money in stocks, because they do not have a proven investing strategy. Most of their methods of investing are based on unsound and unproven “conventional wisdoms” ...
Views: 2006(24 votes) - Speculate Like the Spider - by Submitted on Feb 25, 2011 from Victor ChanBe there an organism that symbolizes a good speculator, it has to be the spider. Are you familiar with its method of foraging? Instead of moving around to hunt, it simply builds up a web to let its prey automatically fall into it. It is the same in trading, for whereas the amateur assumes a ...
Views: 1505(20 votes) - The Investing Secrets of Jack Dreyfus - by Submitted on Apr 02, 2011 from Victor ChanJack Dreyfus was a successful investor from the 1950s to the 1960s and, according to Barron's, he was considered the second most significant money manager of the last century. He was so successful financially that he could afford to develop his interests in many other fields. For example, after ...
Views: 4888(20 votes) - Rules Rule - by Submitted on Feb 15, 2011 from Victor ChanWhen I was studying in university, I learnt about the game of contract bridge, and played a lot of casual games with other beginners in the university bridge club. After a while, I told other players that I knew something about the game, but a better player disagreed, and instead he asked ...
Views: 1560(25 votes) - Not to Convince, But to be Convinced - by Submitted on Mar 11, 2011 from Victor ChanThe most valuable mantra in investing goes by: “Not to convince, but to be convinced.” A good investor does not take unnecessary chances and then convince himself that everything would be alright. Rather, he would wait until the right opportunity comes by and convinces him that it is the choice ...
Views: 1318(21 votes) - The CANSLIM Investing Strategy – A Practical Guide - by Submitted on Jun 01, 2011 from Victor ChanCANSLIM is an investment strategy developed by investing expert William O’Neil. Each letter in the acronym “CANSLIM” represents an important element of stocks selection, which could be measured by quantifiable variables in an investment decision. The content below is intended as a cheat sheet of ...
Views: 4196(17 votes) - The Most Important Rule for Buying and Selling - by Submitted on Feb 05, 2011 from Victor ChanWhat is the most important trick for buying and selling stocks? If you can only learn one, then let it be this: only buy a stock when the evidence of strength presents itself, and sell only upon the symptoms of weakness, and in other times, just stay quiet. The Wheat Campaign.The following ...
Views: 2254(26 votes) - Reflexivity And Trend Following - by Submitted on Feb 06, 2011 from Victor ChanGeorge Soros is unarguably the greatest fund manager ever lived who, upon the request to disclose his secret, attributed his success to a market behavior theory he developed himself, which is now famously known as the theory of reflexivity. The basic assumptions of the theory as well as its ...
Views: 3063(25 votes) - LINE – The Secret to Select Winning Stocks - by Submitted on Mar 12, 2011 from Victor ChanProfessionals rely on procedures. When an airplane is going to land, the pilot goes through a checklist carefully to make sure that the landing is safe. When a competitive tennis player begins a match, he exercises a mental rehearsal process to make sure he is in a correct state of mind. It is ...
Views: 1551(21 votes) - LOVE – The Selling Guide for Breakout Investors - by Submitted on Apr 07, 2011 from Victor ChanHow to sell your stocks is the biggest question in investing. As legendary trader Jesse Livermore said, “It never was my thinking that makes the big money for me. It always was my sitting.” If you do not have the patience to hold onto the winners, and the resolve to get rid of the losers, you ...
Views: 1937(14 votes) - BOAT – The Secret of Breakout Investing - by Submitted on Mar 26, 2011 from Victor ChanBreakout buying is a popular investing strategy among individual investors, which refers to buying a stock just when the price breaks out of a period of consolidation and reaches a new high, because it marks a major increase in demand which ensures further increase in capital gain. However, not ...
Views: 1789(21 votes) - The Four "One's" That Can Make You Rich - by Submitted on Feb 05, 2011 from Victor ChanIt is better to teach you to fish than to give you a fish everyday. A great instructional writing does not just teach individual methods, but also the principles behind them, with which you make the methods you own. There are not many books which discuss the essential principles to good ...
Views: 2089(25 votes) - The Viewpoints of Roy Longstreet - by Submitted on Jan 31, 2011 from Victor ChanViewpoints of a Commodity Trader is a little known book written by futures trader Roy Longstreet. It is a good book in the sense that it contains a lot of wisdom on the psychological aspect of trading. However, the content was put together in a casual manner which might be perceived as ...
Views: 3027(26 votes) - The Cornerstone Investing System - by Submitted on Apr 27, 2011 from Victor ChanThe Cornerstone investing system is a simple investing approach developed by fund manager James O’Shaughnessy. His book What Works on Wall Street, which first publicized the Cornerstone system in 1996, soon became a bestseller and is since then updated several times because of the amazing ...
Views: 2022(5 votes)