You are right about flawed trading concepts that are pumped by media and followed by retail investors (and Funds as well). I have actually written an article, which I am yet to publish, with intention of debunking those generally accepted investing myths. On the other hand, media campaign is so strong that my opinion, whether true or not, doesn’t count for much. It is nearly impossible to change deeply entrenched ways of thinking of general public. And again, only those who stand out from the crowd get handsomely rewarded. Not everyone can be rich!

Thanks for mentioning Graceland Updates. It is written by Stewart Thompson who is one in a billion author. His market understanding and strategy of market approach is unique. I am paid subscriber of his Graceland Updates newsletter since early days of its inception. I can gladly admit that his research had tremendous impact on my understanding of the market. Thanks to Stewart, many lifetime market losers were turned into consistent present and future winners (including myself). His honesty, openness and contribution to betterment of investing world is one of a kind. I can wholeheartedly recommend subscribing to his newsletter. You won’t get a better bang for the buck anywhere else.

Pyramid Investing blog is primarily oriented to lasting principles of successful trading and consistent winning in the market. It describes in great detail the pyramiding technique itself. Very little emphasis is given to passing market events and commenting specific short term trends. As such Pyramid Investing blog is a good supplement to Graceland Updates newsletter and vice versa.

- Always use stops (so that you can keep booking loses when price goes down)
- Never add to a loser (coz we want you to sell it so that we take your money)
- Buy breakouts (so that you are buying strength after we have already bought the weakness)

If you look at the recent price action on the indices, the Dow fell about 1000 points before rebounding and is now rallying on news of the Greece bailout. Imagine the destruction that caused to many private retail accounts. All those stops being triggered and many of them much lower than they were set at due to the speed of the crash.

And who benefited from that fall? The banks and traders that had buy orders all the way down and sell orders all the way up. And that includes me.

I’m not sure if you are familiar with this site:

https://www.gracelandupdates.com/

The guy is a retired broker who writes about the same stuff you do here. I don’t pay for his subscription but you can read his free updates on 321Gold:

http://www.321gold.com/archives/archives_authors.php?author=Stewart+Thomson

I don’t see him telling you anything you don’t already know, but it’s interesting stuff. Between you and him, you have opened my eyes about trading the market, and I thank you from the bottom of my heart (as well as my trading account).