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Fishing In The Wrong Lake?


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One idea that comes from reading stock charts is the idea of being “over extended.”

For example, if a stock is bouncing along, very slowly going up over a couple of years, it looks pretty normal.

The daily movements, the short and long moving averages are pretty close to one another.

But then if the stock shoots WAY ABOVE it’s average movements, it could mean a lot of things.

But one deep suspicion, no matter WHAT it means, is that it is unsustainable.

No stock will ever go up at such a sharp angle for so long.

Essentially, what makes a stock go up is that the buyers want to buy MUCH MORE than the sellers want to sell.

Every point it goes up, this becomes less and less likely.

EVENTUALLY, it will reach an equilibrium point.

When buying and selling energy is back in balance.

This is not completely different from the “growth spurt” that comes with puberty.

If he believed that much growth is going to be consistent, a kid might calculate that by the time he’s 40, he’ll be fifty feet tall.

Growth spurts in stocks are like growth spurts in kids.

They may be completely natural, but they are also naturally UNSUSTAINABLE.

When I finished watching the “Wolf of Wall St.” I was curious about the real events.

So I went home and did some research on the guy.

Turns out, that he made his riches while the entire stock market was going up at a 45 degree angle.

During that environment, you could throw darts at the stock page, buy that stock, and still have a good chance of making money.

So when Mr. Wolf was calling people at home, they already KNEW the market was screaming up every day.

Which means they ALREADY had a very strong sense of FOMO.

Fear Of Missing Out.

In that environment, it’s VERY EASY to make money in the stock market.

And it’s very easy to make money selling stock market scams.

On a bigger scale, it’s VERY EASY to make money when the economy is screaming.

All you have to do is show up and not do anything too stupid.

When the economy is flat, or even shrinking, THAT’S when it takes some serious skills.

If you go fishing in a lake over-stocked with dumb fish, it’s easy.

Fishing in a lake with a few fish that specifically DON’T WANT to get eaten will require some serious fishing skills.

Luckily, making money is an instinct.

Since all humans have been essentially doing it since society was invented.

While it not be easy, it IS natural.

And the more you practice, the better you’ll get.

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