I recently attended a StockScores seminar in my hometown. The presentation by Tyler Bollhorn was very interesting. Basically, it is the offering of an educational program that teaches you how to buy and sell stocks effectively.
I was very impressed with the seminar and would recommend anyone to go see it when he is in town. He conducts free seminars in Toronto, Edmonton, Calgary and Vancouver.
His company has a website called StockScores. On this site you can use their teaching materials and technical analysis tools. It is a great place to learn some basics of technical analysis, even if you don’t agree with its other techniques.
It explains some basic principles. You need to go to a seminar here in a clear way. He also gives good examples. It basically explains a couple of things that I agree with.
- The market is efficient – there are events that will happen to the business and the market will reflect quickly and effectively. If it’s good, it will go up. If it’s bad, it will go down.
- Be prepared to lose – Set losses to losses. Don’t be afraid to get out of a bad stock. You should plan on losing your trades, but with a small difference.
- The market is not fair – Yes. There are people with more information privileges and you can react as soon as you can.
I especially like the latter, because it reflects, in realism, that you can’t predict where a stock will go before everyone else. Basically, it explains a simple method of finding some stocks that meet certain criteria. Once you’ve got this shortlist, you start applying basic technical analysis to determine if it’s a good option. You can read the full article here