This morning, let’s have a little fun and talk about some valuable advice, shall we?
It’s Monday, let’s find a way to chuckle before the chaos of the week hits us too hard.
But before we do that, one reminder…
Reminder: LAST CHANCE at the Crash Protection Class
If you’ve missed my presentation from last week, you’ve reached your LAST chance to check out my Crash Protection Class.
Time to get moving, procrastinators.
This free class is your key to preparing for the imminent market reversal, not to mention, it could be your pass into a crash protection discord server with yours truly (and some awesome classes as well).
Okay, so I saw a great graphic that gave me a good laugh.
Now, before we pick on Uncle Jim, let’s pick on a couple of these that ARE important.
You know that I don’t trade the “fundamentals” too much. Meaning, I’m focusing on the chart rather than looking too deeply into a company’s earnings, profitability, etc.
But if you’re picking stocks, there’s good advice here:
Avoid stocks with high debt. Avoid unprofitable stocks or stocks that are making less money over time.
And above all, watch the price/earnings ratio!
That’s the best measure of stocks that are falsely hyped! If the price of a stock vastly outpaces that company’s earnings, it’s a pretty good sign that, at the very least, there’s way too much hype in the stock, and it’s likely going to burst.
But the real fun is the bottom two.
Now, Jim Cramer is good for a laugh or two if you’re interested in his crazy ranting, but you absolutely should NOT take your stock tips from TV talking heads.
Chances are if they’re talking about it on CNBC, you’ve already missed the big movement.
And as for your high school friends… well, unless you went to high school with Ray Dalio (or maybe me! haha!) yeah… you should probably stay away!
There’s lots of good ways to evaluate stocks and other trading instruments.
But beware of the bad ways. Because those can get you in trouble fast.
Hope you got a laugh out of this!
Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.
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