In this week's edition of WealthWise Women, Erin and Mary Ellen teach viewers how to "fly solo" on their investments. You can learn to fly by educating yourself with a good manual and finding the right instructor to help your portfolio soar higher! The duo cover how to find the best instruction and a good instructor. After that, it's time for your flight plan: determining cargo (position size), waypoints (targets for reevaluating your stocks), weather (market environment - bullish or bearish bias?) and, finally, how to reach your destination with a successful flight (trade).
New episodes of WealthWise Women air on Thursdays at 5pm ET on StockCharts TV. Archived episodes of the show are available at this link.
In addition, check out Erin's presentation from the recent "Charting the Second Half" event on StockCharts TV, where she presents monthly, weekly and daily charts covering indexes, sectors, the US dollar, gold, gold miners, oil and bonds that she uses to map out the uncertainty of the second half of the year.
About the author:Erin Swenlin is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California.
About the author:Mary Ellen McGonagle is a professional investing consultant and the president of MEM Investment Research. After eight years of working on Wall Street, Ms. McGonagle left to become a skilled stock analyst, working with William O’Neill in identifying healthy stocks with potential to take off. She has worked with clients that span the globe, including big names like Fidelity Asset Management, Morgan Stanley, Merrill Lynch and Oppenheimer.