Haven’t read that book, but I’ve been very successful with the opposite approach. A favorable article about a company’s stock in popular mainstream media (not business publications) can push the stock up briefly over the next couple weeks based on false hopes of the clueless general public. Get in immediately, get out within a couple days if nothing happens, and within 2 weeks if it does. My other rule is only do this with options, not actual stocks. And yes, I too would call this gambling - but investing is never not gambling. It’s just more or less so depending on how you do it.
That is true investing is never not gambling but a lot of people use like their savings for what you would do and that’s the difference. Its like the casino, go into it with the amount of money you are willing to lose. If you can’t lose that money don’t go into the casino. Same principal with individual stock picks and options.
Haven’t read that book, but I’ve been very successful with the opposite approach. A favorable article about a company’s stock in popular mainstream media (not business publications) can push the stock up briefly over the next couple weeks based on false hopes of the clueless general public. Get in immediately, get out within a couple days if nothing happens, and within 2 weeks if it does. My other rule is only do this with options, not actual stocks. And yes, I too would call this gambling - but investing is never not gambling. It’s just more or less so depending on how you do it.
That is true investing is never not gambling but a lot of people use like their savings for what you would do and that’s the difference. Its like the casino, go into it with the amount of money you are willing to lose. If you can’t lose that money don’t go into the casino. Same principal with individual stock picks and options.