Chart Update, page-743

Here is a bit more on technical analysis and watching the market closely as potential useful investment supports :

To this , @Parma...I think your ‘BUY’  sentiment is timely and that the  market action ( see points 6 and 7 below) confirms there are current opportunities which may be limited ( NB that off market trade) but I am holding for now in case the shorters get another run.
There is news expected in the short term from Gascoyne Resources .....I don’t  know if this will have an impact on NRW (as a Gascoyne banker ) as the loan is low .
Still it may add security to our position if the news is good.

Also as a counterpoint to Magellan ‘s
“10 cognitive biases that can lead to investment mistakes”

Linked before  I wanted to post another set of truisms .....this time from a famous trader with no sub agenda ( Magellan was also writing an advertorial for itself bo matter how accurate it is)
I noted them from a video the other day about the late Jesse Livermore which I do not have the link to right now but will post later


“1)get rich quick adventurers will die poor

2) Time is the most important element in stock trading.

3) Speculation is a business not a gamble

4)Money can not be made consistently in trading in stocks on every day or every week during the year

5)Speculation is correct anticipation of coming events and the best anticipation is that of the psychological effect that certain expected news will have upon the mind of the public.

6)Do not trust your opinions ,.but let the actions of the market confirm your opinions.

7)Markets are never wrong, opinions are

8)Real money is made in speculating when you show a profit from your operations right from the start ,

9)Concentrate on one jackpot at a time . Do not try to have an interest in more than one

10) As long as the stock is acting right and the market is acting right : do not be in a hurry to take a profit “