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Buy when the cannons are firing, and sell when the trumpets are blowing.” – Nathan Meyer Rothschild
The Rothschild name is synonymous with wealth.
They were — and maybe still are — the richest family in the world.
One of the most famous Rothschilds, Nathan Meyer, helped finance the Battle of Waterloo for the British to fight against Napoleon’s invasion of Europe.
The British ended up winning the war.
And by seizing this golden opportunity, and the Rothschild family profited immensely.
Traders, opportunities are everywhere… and it’s a sin not to take advantage of them!
Some might ask… Alan, how do I know when a real play comes along to make a profitable trade — or a good long-term investment?
First, ask yourself… am I in the right state of mind?
So many people just starting to invest get burned because they make the wrong decisions.
“Buy low, sell high” is an easy concept to understand.
But so many people do the opposite because they can’t stomach the losses.
Remember until you actually sell a position, your “losses” are only on paper.
They are not finalized until you actually pull the trigger.
Hypothetically, your investment could initially drop 99%, then skyrocket 10,000%!
But during this rollercoaster ride many people get frustrated that their investment is going to zero.
So they sell.
But then often kick themselves, when a week later the stock they sold shoots back up.
Later at the cocktail party, they tell their sob story that they missed out on the great opportunity.
Not anymore!
Let’s change that story together…
I want to teach you to hold on to your wits when others are losing theirs.
There’s one simple reason why successful investors like Warren Buffett say “invest while there is blood on the streets.”
Because they follow this mantra to the letter, and book insane gains afterwards!
Becoming successful is a mindset.
When you are reading headlines “Dow Down”, or listening to Jim Cramer scream at you “Sell! Sell! Sell!” it’s time to do the “Buy! Buy! Buy!”
I know, I know…
You’ve probably heard this a million times before.
But it’s a tried-and-true method that works — consistently.
I hope I am preaching to the choir, and all you traders bought in at the beginning of February and have been holding on tight.
But if you are not one of these fearless traders, that’s OK.
Trading is a lifetime pursuit.
And as I mentioned earlier, there is always an opportunity in the markets — if you know where to look…
Right now, stocks have been beaten down because of investor worry over a trade war, thanks to Trump’s tariffs.
The Federal Reserve may also raise rates four times in 2018, with the 10-year treasury already close to 3%.
But all of those things are possibilities…
They have not happened yet!
A full-blown trade war is merely an attention-grabbing headline that will likely have a minimal impact on corporate earnings anyway…
The Fed hasn’t raised rates once yet this year.
And the 10-year yield has been declining over the past week from its high of 2.95%.
So when the market …read more
Source:: Daily Reckoning feed
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