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![](https://steemitimages.com/DQmWyN71naYPUrjJwdVVb4jpPen4GBAJV2SfSyxmwQ5ynPa/image.png)


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A series designed to help all the new people flooding into & entering Crypto/Investments daily who get thrown into the rabbit hole so to speak and everything is new to them.  

-- Bitshares 101 Focus/Resources Section for New Crypto Folks now included near the end of each post - starting just prior to Christmas 2017.  BTS is a Decentralized Exchange and much more.   Very undervalued! 

*It is a TLDR / Short Form Series, covering ONLY one thing each episode in blue collar, easy to understand language to give a SHORT OVERVIEW of the term or lesson of the day.*

It is *specifically* designed this way to keep it short and simple.  

People can then search out extra info if they wish.

I've never seen a regular series or resource running on Steemit to continually address this basic need so I decided to do it.  

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## TERM OF THE DAY:

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## What is.... 

####  ' January Effect  ' ?

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The January effect is a seasonal increase in stock prices during the month of January. Analysts generally attribute this rally to an increase in buying, which follows the drop in price that typically happens in December when investors, engaging in tax-loss harvesting to offset realized capital gains, prompt a sell-off. Another possible explanation is that investors use year-end cash bonuses to purchase investments the following month.



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## Breaking Down... 

#### ' January Effect ' :

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The January effect is a hypothesis, and like all calendar-related effects, suggests that the markets as a whole are inefficient, as efficient markets would naturally make this effect nonexistent. The January effect seems to affect small caps more than mid or large caps. Since the beginning of the 20th century, the data suggests that these asset classes have outperformed the overall market in January, especially toward the middle of the month.

Investment banker Sidney Wachtel first noticed this effect in 1942. This historical trend, however, has been less pronounced in recent years because the markets seem to have adjusted for it. Another reason analysts consider the January effect less important as of 2016 is that more people are using tax-sheltered retirement plans and therefore have no reason to sell at the end of the year for a tax loss.

Beyond tax-loss harvesting and repurchases, as well as investors putting cash bonuses into the market, another explanation for the January effect has to do with investor psychology. Some investors believe that January is the best month to begin an investment program or perhaps are following through on a New Year's resolution to begin investing for the future.


Studies and Criticism

One study, analyzing data from 1904 to 1974, concluded that the average return for stocks during the month of January was five times greater than any other month during the year, particularly noting this trend existed in small-capitalization stocks. The investment first Salomon Smith Barney performed a study analyzing data from 1972 to 2002 and found that the stocks of the Russell 2000 index outperformed stocks in the Russell 1000 index (small-cap stocks versus large cap stocks) in the month of January. This outperformance was by 0.82%, yet these stocks underperformed during the remainder of the year. Data suggest that the January effect is becoming increasingly less prominent.

An ex-Director from the Vanguard Group, Burton Malkiel, the author of "A Random Walk Down Wall Street", has criticized the January effect stating that seasonal anomalies such as it don't provide investors with any reliable opportunities. He also suggests that the January effect is so small that the transaction costs needed to exploit it essentially make it unprofitable.





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Your Friend in Liberty, Barry.  

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### Trading Candle Cheat Sheet: 

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![](https://steemitimages.com/DQmNt9DMeZvh8LbWJpR2RAnTA11e51A9W2EB5xuv2cpuYQu/image.png)


###### [Further Reading/Source/Resources](https://www.investopedia.com)


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### Friend of the People -- Enemy of the State. 

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https://i.imgur.com/iHrKXYo.jpg

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I am leaving these images I made here until I figure out one that fits properly and looks right for the first/main image for the post/series.  

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![](https://steemitimages.com/DQmWyN71naYPUrjJwdVVb4jpPen4GBAJV2SfSyxmwQ5ynPa/image.png)


![](https://steemitimages.com/DQmbY6f3Rcg3o6Pr1qoiJr8suc176Kr6M29jxRdszJmt1rf/image.png)


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![](https://steemitimages.com/DQmbrRvBxSEd8V3Fog2ev4bydDkusbGfR3iGEGF9RQd2pjK/image.png)


Since Steemit dev's changed the size of the picture frame that shows, it has honestly been a real problem getting images to match the screen, it was perfectly fine months ago before they messed around with it.


SMH.  

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## Bitshares 101 Focus/Resources Section: 

#### for New Crypto Folks. 

##### https://bitshares.org/

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![](https://steemitimages.com/DQmbue1DC4HAwzemUCBXLHdJcCg9jS1aTM8MWS2GNbvFX7b/image.png)

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-- Bitshares is a Trading platform, and a LOT more.... designed by blockchain wizard here Dan Larimer - @dan / @dantheman.

I've blogged on him, and BTS many many times.  

It's a place you can use that is decentralized, with an active community, to use trading lessons like this, that we are learning together.  


#### Just a few of my past $BTS blogs....

##### to help you apply lessons today!

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https://steemit.com/bitshares/@barrydutton/crypto-101-series-stan-larimer-the-godfather-of-bitshares-and-father-of-blockchain-liberty-genius-dan-larimer-interview-recently

https://steemit.com/bitshares/@barrydutton/will-blockchain-guru-dan-larimer-be-called-in-to-save-ethereum-as-crypto-kitties-grinds-eth-chain-to-a-halt-the-irony

https://steemit.com/cryptocurrency/@barrydutton/dan-larimer-video-interview-on-epicenter-recently-this-is-a-must-watch-listen-an-in-depth-look-chat-about-his-past-crypto-life

https://steemit.com/steemit/@barrydutton/dan-larimer-community-musical-tribute-post-a-music-video-to-say-thanks-and-best-wishes-to-our-steemit-co-founder

https://steemkr.com/bitshares/@barrydutton/so-tether-project-was-hacked-another-use-case-for-bitshares-and-dan-larimer-blockchain-genius-which-remains-undervalued-and


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Thanks for reading, have a nice day.      

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https://steemitimages.com/DQmWA1X5emBD5j49cRaaGECd1AcauntEs1GWV7LiV7C6BqC/image.png


###### PixaBay has tons of free pictures for us all to use!!!     

###### Super Easy/Fast Picture Edits / Resizing at: http://www.picresize.com/ and also https://www298.lunapic.com/editor/    



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http://i.imgur.com/68SXQpW.gif

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### If you liked this blog post - please Resteem it and share good content with others!

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#### Some of my recent blogs: 

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https://steemit.com/bitcoin/@barrydutton/crypto-101-video-tone-vays-former-wall-st-trader-show-33-mins-bitcoin-morning-brief-w-jimmy-australia-bitpay-hates-bitcoin-local

https://steemit.com/steemit/@barrydutton/steem-has-gone-parabolic-up-111-blows-way-past-the-usd4-and-usd5-ath-s-today-and-up-to-around-usd6-70

https://steemit.com/steem/@barrydutton/steem-is-hot-and-rising-up-68-past-ath-s-to-usd5-holy-snap-i-think-usdsteem-broke-coinmarketcap-com-today-w-these-gains

https://steemit.com/christianity/@barrydutton/quote-of-the-day-just-believe-or-mark-5-36-or-we-never-know-who-may-need-this-today-or-the-replies-in-this-post-too

https://steemit.com/news/@barrydutton/canadian-prime-minister-found-guilty-of-4-counts-of-conflicts-of-interest-shocking-i-know-right-put-that-on-the-blockchain

https://steemit.com/cryptocurrency/@barrydutton/cryptocurrency-on-hodl-what-are-you-hodl-g-or-sodl-g-today-9-or-origin-of-hodl-always-included-for-newer-crypto-folks

https://steemit.com/christianity/@barrydutton/the-visit-at-the-nursing-home-to-my-friend-i-always-take-some-goodies

https://steemit.com/funny/@barrydutton/life-in-crypto-is-like-26-or-how-crypto-folks-celebrate-new-years-watching-the-markets

https://steemit.com/steem/@barrydutton/usdsbd-update-now-trading-8x-usd8-18-avg-right-now-or-steemit-101-charts-basics-for-new-people-or-if-you-have-sbd-to-trade-sell




Most Images: Gif's - via Giphy.com , Funny or Die.com / Pixabay.  Today: 

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##### <center>If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.

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LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE  

Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff

EOS (EOS)   -   0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0

Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477

Ethereum Classic (ETC)  - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c

Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX

DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS

PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh

Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv  

ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL              

 

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##### Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone.  I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.   

###### This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.

###### I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.                                 

###### Carry On.                                                           

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