Monday, April 07, 2008
For years, I ignored my contrarian instincts and tried to be a good "trend is your friend" investor...and I kept losing money.
I finally realized that, to do really well in investing, you have to avoid following the crowd. It is hard to buy low and sell high if you are flowing with a stampeding herd. So, my trading system is contrarian, and I developed a new appreciation for fellow contrarians.
There is a new contrarian Stock Market Investing News website called ContrarianProfits.com. This site focuses on ideas, stories, and techniques that are missed by the conventional financial press.
For example, one recent article concerns the connection between Africa and India, which goes back to colonial days. People in the U.S. and Western Europe might not realize how much business in Africa is influenced by Indians.
With India booming, and Indian stocks already high, there may be ways to play the Indian market through African stocks.
Labels: Stock Trading