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May 1, 2008

Why You Are Doomed Without Short Term Trading Ideas

Everyone needs a stock trading blog to help them make money. Some people are good at researching, some people are good at reading charts. But using the collective intelligence of other people in addition to your own ideas is just the smart thing to do. Sure, some of it (ok well a lot of it) is probably junk, but that takes some effort too. Watch for a few weeks or months - find the people who consistently have the best ideas.

Some a stock trading blog will be worth tracking longer term because they actually know what they are doing. Some of them you will be able to tell without much effort that they probably don't. Either way, the process of learning how to sort through all this information will make you a better trader and investor in the long run. a stock trading blog can be helpful too in just the fact that you may see repeated patterns of interest from disparate parties.

This can alert you to stuff that is harder to judge - sentiment shifts. The more people that talk a certain way about things, it eventually becomes self fulfilling. Sure, at some point the late comers are the key to the reversal of that trend, but sometimes by just paying attention to what is being talked about can be a terrific way to find out sentiment. a stock trading blog may cover this, or it may take some time before it leads to any actual, concrete ideas that are tradeable.

The bottom line is you have to pay attention to what other people are saying, even if some of those people you may deem as idiots. Its a learning game, and those who are able to synthesize the most information usually will end up the winners. That or a big enough bankroll to make your idea a winner. Seriously though, anyone who wishes to make decent money through a stock trading blog must do a lot of this type of stuff in order to be successful in the long run.

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