Category — Stocks
What are trading seminars and what value do they have?
We can look at the advantages and disadvantages.
Seminars are a form of information exchange. A group of people interested in trading come together for discussion of specific trading techniques and learning of topics related to the business of trading.
There can be one or more speakers in a trading seminar, and these speaker or speakers are usually experts in the trading business.
Lots of traders attend seminars each year, some attending more than once. There are many who learn best in this manner of education.
What are the advantages and disadvantages of a trading seminar if you choose to attend or if you’re thinking of attending?
• Learn about cutting-edge ideas, innovations, and technologies
• A wealth of knowledge presented at one time in one place; a lot of learning, with most material compressed into two or three days.
• A sense of fellowship, where traders of a like-mind can meet others with the same interests, problems, and concerns that they may have in learning to trade or to improve existing trading techniques. You are able to network with and share information.
• There is a sense of renewed hope and inspiration, as traders discover they are not alone in their trading concerns. Stress is lessened by sharing experiences with others. Being with others who understand an individual’s trading problems or concerns, is an effective morale booster!
• For those who don’t like to read, or attend classes, a seminar offers a practical way to improve knowledge of a specific subject.
• A seminar offers the opportunity to “get away” from the usual routine. A nice vacation, in a good hotel in a situation of camaraderie can produce fresh ideas and new insights.
• Knowledge and comprehension gained at a trading seminar can “turn on the light.” Odd pieces of previous learned information suddenly come together and a new level of understanding is achieved.
• Trading can be a lonely business. A Trading seminar offers the opportunity to meet other traders and to make friendships that can last a lifetime.
• Cost! Attendees must absorb their own costs. Seminars usually have an entry fee. All travel costs, some or all food costs, hotel costs, and miscellaneous costs must be absorbed by the attendees.
• There’s a chance that the speaker(s) may not be sharing correct knowledge, or not at all knowledgeable themselves. Tips, tricks, and strategies need to be weighed as to “value” and “accuracy” before using them.
• The time spent away from your home, business, or family. Time is always a concern when scheduling activities and some traders simply can’t spare the time away from their lives to attend a seminar.
• There’s always the chance that what is covered may not actively help your trading or your trading concerns, and that the seminar will be a waste of time, where nothing you learn is of any use to you.
• There’s a chance you will expect too much from a seminar and therefore be disappointed. A seminar can present material too complicated for some and too simple for others.
Overall, seminars, if chosen carefully, are an excellent way to learn, and can be a wonderful experience. There should be a handout or materials that you take with you to help cement what you have learned at the seminar. For some seminars offer specific cures for trading or other problems. Keep in mind, a trading seminar is an elective event, and success or failure in trading may or may not hinge on attending one!
A key item to look for is follow-up. Whether it is via Internet, email, forums, chat rooms, or the ability to repeat the seminar at a reduced cost, you don’t want your seminar experience to “die at the door,” as you leave.
February 22, 2010 No Comments
Is GM the winner of the government takeover of GM?
Is Chrysler the winner of Fiat’s takeover of Chrysler?
NO! The real winner is TOYOTA. The Japanese automaker now takes over the #1 spot. It has the largest share of the U.S. light vehicle market. Toyota’s share is expected to reach 20% this year. GM will lbe ucky to have 16%.
For years I have asked why would someone want to buy a “Toy” Ota? But now I have to change my tune. I am going to send in a suggestion to the automaker. I think they should change their name to REALOTA. After all they are the REAL auto company of the U.S. In fact, we should consider renaming the car as the “Otamobile.”
Realota should do well in the green smaller otamobile market being pushed by the government. You might consider it as an investment.
July 13, 2009 No Comments
What do these 5 companies have in common?
Burlington Northern; Eaton, an industrial products company; ConcoPhillips; Kraft; and NRG Energy, a utility.
They are all favorites of Warren Buffett. You can buy every one of them for less than Buffett paid for them.
May 8, 2009 No Comments
Buy shares in Gun and Ammunition manufacturers, and also companies who make reloaders and other gun and rifle paraphernalia.
You really have to hand it to Barack Obama. He is far and away the greatest gun salesman in the world.
In January, The Outdoor Wire, the outdoor industry’s largest online new service, named an unlikely “Gun Salesman of the Year.” The winner was President Barack Obama.
Publisher Jim Shepherd said then, “Manufacturers are months behind on orders for semi-automatic pistols, AR-style rifles, and anything with so-called ‘high-capacity magazines.’ …buyers we’ve surveyed across the country seem to have a single explanation for their rush to purchase firearms – Obama.”
In November of 2008, the National Instant Criminal Background Check System saw a 42% increase of checks over November 2007. The increase was 24% in December when over 1.5 million background checks were processed.
The “gun frenzy” sent the shares of gun makers Sturm, Ruger and Smith & Wesson to new 52-week highs. Contrarians take note, though. What’s driving sales higher now – genuine concerns Obama will pass legislation to restrict sales of guns and ammunition – could lead to slower sales in the future.
I recommend buying the stock of these companies for a short to medium-term profit. My latest trip to WalMart witnessed a long line in front of the gun counter. I asked one of the salesmen if the line was long because someone was sick. He said: “No, it’s been like this all week.” Gun shows have been equally busy.
May 5, 2009 No Comments