tag:blogger.com,1999:blog-30128229.post5150924636429778439..comments2023-09-30T07:11:55.493-06:00Comments on MarketFN.com: Part III - The Basics: Some Ways to Let Profits RunInvestment Househttp://www.blogger.com/profile/14771320644915759241noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-30128229.post-14420062092434985702009-09-18T14:13:27.103-06:002009-09-18T14:13:27.103-06:00Thanks for writing, Ken.
In response to your que...Thanks for writing, Ken. <br /><br />In response to your question about which book I would recommend you read first, I can tell you that "Smart Investors Money Machine" is designed to have relatively broad appeal and includes a number of income seeking approaches that cover stocks, some basic option strategies, and a number of other investment types such as MLPs, bonds, annuities, and even reverse mortgages. "Trade Your Way to Wealth" is more "trader specific" dealing in depth with things like risk awareness and risk aversion, the specifics of creating a business plan, money management concepts and a number of option strategies from relatively simple to somewhat complex. Having written all that, I guess it is easier for you to decide which may best fit your own needs right now. <br /><br />In response to your second question, I do look at Fibonacci retracements sometimes in my own analysis, but have not relied on Elliot Wave to any significant extent.<br /><br />Hope that helps.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-66110618496913565672009-09-18T11:16:56.297-06:002009-09-18T11:16:56.297-06:00I enjoy your weekly newsletters very much and appr...I enjoy your weekly newsletters very much and appreciate the time you put into them. I have a couple of questions:<br />1) As a relatively new trader, which of your two books would you recommend I read first?<br />2) Do you use the Fibonacci series or the Elliot Wave in any of your trading strategies?Kennoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-73285326557153384292009-09-15T07:34:52.506-06:002009-09-15T07:34:52.506-06:00George, I really don't know the average number...George, I really don't know the average number. Sometimes I hold none and sometimes as many as 10 or so. My guess, and it is only that, is that I hold about 5 positions at a time.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-57650860949332047072009-09-14T10:04:48.789-06:002009-09-14T10:04:48.789-06:00I have enjoyed your weekly articles and I am now t...I have enjoyed your weekly articles and I am now thinking of subscribing to your $10 Stock Trader service.<br /><br />But I would like to know, on the average, how many positions you hold at any one time in the three services that you offer.<br /><br />GeorgeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-5071609630308873422009-09-14T07:14:45.664-06:002009-09-14T07:14:45.664-06:00Thanks for the kind comment, John from SC and than...Thanks for the kind comment, John from SC and thanks for buying my books.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-5348966712979457852009-09-13T13:16:02.718-06:002009-09-13T13:16:02.718-06:00This series of weekly articles was very insightful...This series of weekly articles was very insightful and a good review of some of the material in your books, which I own. Thank you.<br />John in SCAnonymousnoreply@blogger.com