Before we get started with anything of importance, especially concerning money,
it is wise to first take a quick inventory of what it is important to us. In doing so, we have to be honest and ask ourselves a few pertinent questions in order to determine what is right for us.
Here are a few questions to get you started:
Are you a serious or casual investor? Are you conservative or aggressive? Do you often trade, or speculate with risk capital that you can afford to lose? Are you looking to hit the big home runs with the hottest investment sectors, or would you prefer a steady path to growth?
Are you more or less a passive investor, without any real plan or strategy? Do you just hope for the best each month when your brokerage statement arrives? Do you even have a brokerage account? Do you buy stocks or mutual funds on a hunch, impulse, or some article you read in the Investors Business Daily? Are you inclined to choose funds that had a high rate of return for the last few years?
Where and how are you investing your hard-earned money? Is it safe, or at risk to market fluctuation? Do you know what those risks are? What type of downside risk are you willing to accept? 3%, 7%, 20%, 50%? Are you earning a satisfactory return? Are you losing money? How did your investments perform during the last down cycle from 1999 2003?
Okay, so you have the general idea.
It is extremely important to know as much about our individual tolerances, styles, and objectives before jumping into waters that may be too cold, hot, rough, or worse yet, infested with sharks!
After you have decided what you are all about in this sense, it is time to ask yourself some additional questions.
Would you like to start paying closer attention to your long-term investments? Would you like to improve both your trading and investment results? What are your expectations? Do you want step-by-step guidance in affecting and implementing a successful investment portfolio? Or, do you just need some objective, accurate short-term forecasting guidance to confidently trade in and out of the markets?
Elliott Wave Technology is geared to meet most all investors and traders objectives with some minor exceptions.
With regard to our long-term investment guidance, EWT is better suited to individuals who are generally conservative, and seek a steady path to growth with minimal risk. Our Wealth Preservation Advisor is designed to accomplish this goal, and to accommodate those who may be a bit more on the aggressive side of conservative too. The main objectives of the WPA are to preserve wealth, capture respectable returns, and minimize risk.
Day Traders Perspective and the Near-Term Outlook are EWTs short-term forecasting tools for experienced speculative traders. Our short-term forecasts, timing models, and price projections only suggest general entry and exit points. We outline key areas of support and resistance, and explain our outlook in detail.
However, each trader must take responsibility to fashion his or her own money management strategy to implement in line with our forecasts. In short, we do not call out black-box blind trades. The traders who use our short-term forecast guidance are very skilled and knowledgeable. They do not need handholding, or be told exactly what to do but instead, merely guided to keep them on task, and on top of their game.
If you have any questions, or are not sure, which of our memberships would be best suited for you, just send us an e-mail and we will be happy to provide you with a straightforward reply.
feedback@elliottwavetechnology.com
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