I recently attended a StockScores seminar in my city. Was a very interesting presentation put on by Tyler Bollhorn. Basically, it is a sales pitch for an educational program he offers on teaching yourself to buy and sell stocks effectively.

I was very impressed with the seminar and I would recommend anyone to go check him out when he is in town. He does free seminars in Toronto, Edmonton, Calgary, and Vancouver.

His company has a website called StockScores. On this site you can utilize their instructional material and technical analysis tools. It is a great place to learn some of the basics of technical analysis, even if you don’t agree with some of his other techniques.

Underlying Principles
There are some underlying principles that he outlines. You need to attend a seminar to here them in a clear manner. He gives good examples as well. Basically he outlines a couple of things that I agree with.

  1. The Market Is Efficient – There are events that will happen to the business and the market will reflect these quickly and efficiently. If it is good, it will go up. If it is bad, it will go down.
  2. Be Prepared to Lose – Set stop losses. Do not be afraid to get out of a bad stock. You should plan on losing on trades, but by a small margin.
  3. The Market Is Not Fair – Yes. There are people out there with more privileges to information and can react before you can.
  4. I especially like the last one because it reflects, realistically, that you cannot predict where a stock will go before everyone else. He basically outlines a simple method of searching for a number of stocks that meet certain criteria. After you get this narrowed down list, you start applying basic technical analysis to determine whether it is a good pick or not. Your can read the full published article here

Source by Neil Galloway

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