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How To Buy Gold For $3 An Ounce

Robert Prechter's 6 Critical Money-Making Rules for Investors

InvestorEducation / Learn to Trade May 05, 2010 - 05:23 PM GMT

By: EWI

InvestorEducation

Best Financial Markets Analysis ArticleFace the facts -- investing isn't easy. If it was, everyone would be successful. Successful investing takes hard work and discipline. Famed financial analyst Robert Prechter has identified the 6 critical rules successful investors follow. Learning the rules is the easy part -- putting them into action is what will make you a success. Download Prechter's free 30-page report, Six Critical Money-Making Rules for Investors, now.


Dear reader,

If you ask 100 highly successful investors for one thing they recommend to boost your portfolio's performance and put you on a fast-track to joining their ranks, chances are many would give you the same piece of advice: Find a mentor.

Robert Prechter, president of Elliott Wave International, has long touted the benefits of finding a mentor. He's also written about how hard they are to find. Your mentor should have the right mixture of guts, common sense and discipline -- the traits Prechter says are critical for making a successful investor.

But let's face it; personal mentors don't grow on trees. Sometimes the best you can do is a virtual one.

In the latest free report from EWI, Prechter reveals some of the most important lessons he's learned as an investor and financial analyst. One of his most telling observations is one he had about the handful of the successful traders he knows -- most of which are former Marines.

"What you need is the guts to do what is right when it feels wrong," Prechter said. "That takes immense courage and discipline. ... Discipline is extremely important."

The good news for you is, discipline can be learned. Marines go through months of drills and exercises to learn discipline; individuals must take a different -- but equally strict -- route.

Prechter has identified 6 critical rules to follow to become a successful, disciplined investor. The rules themselves are simple; following them is the hard part. But if you do, you may one day count yourself among the few and proud who become truly successful investors.

Make Robert Prechter your virtual mentor -- Download his free 30-page report, Six Critical Money-Making Rules for Investors, now.

About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private around the world.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

truthhurtsss
06 May 10, 07:31
6 Critical Money-Making Rules for Investors

Rule No. 1: When you see a five wave count in an uptrend, shout very loudly "A collapse is coming and it's a top, let's short!"

Rule No. 2: If the five up-waves morphed into something else and continue upwards, continue to shout "It's still a top, 200% will we now be short".

Rule No. 3: If the up move continues unrelentlessly, bring out your bag of tricks and recount the waves as 9 up-waves. If necessary recount it as a 13 up-waves. Pretend it never happened, that stop on the 200% short. Continue to shout "Be patient, it's still a top and one day it will drop."

Rule No. 4: Uptrend continues and this time, you bring out yet another bag of tricks in the form of COT extreme speculative longs. "It's still a top, the COT is hot".

Rule No. 5: COT longs goes into more extreme and uptrend continues. Another trick you now employ, in the form of the various Sentiment indices. "It's will be the top, as bearish sentiments are now near nought".

Rule No. 6: If the uptrend starts to break down the slightest bit, shout out very, very loud "There I told you so, not? Am I not hot shot?".

p.s. If the breakdown turns out to be a false break, start all over again from Rule No. 1.


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6 Critical Money Making Rules