Applicability of Stock Market Products and Services

Do you ever wonder about the trust worthiness of stock market information you read on the Internet? Do you wonder about the qualifications of the company, web site or people providing gratuitous advice on stocks? Do you wonder what their motives are? In basic terms, do you wonder about the integrity and quality of the information and offerings?

And then there is this other side of friends, co-workers and family members espousing the virtues of a company, its stock, and in general their opinions about everything stock market wise. And their zealous giving ways may not terminate at stock market talk. After all, everyone is entitled to their own opinion.

Furthermore, we are all enticed to read other people’s comments, peek into message board discussions, search for that yet another stock market site – hoping to glean the world of knowledge on the stock market.

Why do we do this? There are many reasons ranging from general interest and learning to the quest for successful trading. Unless you don’t intend to trade, at some point the action is to make trades based on all the information and wisdom that you have acquired.

To this end, here follow my thoughts or suggestions if you will. They are my opinions based on my experience for my particular trading style. You judge if this helps your stock trading, given your trading style.

Question not only the substance and content but also possible motives for why people say what they say. If they have a motive or agenda, that is not necessarily a bad thing as long as their information or offering helps your bottom-line which is to succeed in stock trading.

Test the statements and assertions with questions such as “Can that work?”, “Does it work for my situation?”, “How can I apply that?”. A blunt test is “Is it better than a coin flip?”. The ultimate test is “Can I achieve winning trades on a consistent basis?”.

Feb 23, 2009 copyright © David S.Y. Wong, published in SelfGrowth.com