No Way to Know Everything About Trading

By Patrick Deaton

A title like this one my come as a surprise to you, most pointedly it does when written by a guy who earns his living educating folks about this very subject. I have been at this for some time now and not managed to learn everything yet. I do know how to make money with using trades and lose it by the same means. Here is a guaranteed way, hop from method to method and don't stay with one for enough time to know it. I will stick to trend following everytime.

As you focus on and find, learn, practice and master a trading technique that will conserve your finances, emotions and time you will win. If you squander your finances, time and intellect, you will lose. Decide on a technique and then stick with it.

By starting to specialize, you will gain lucidity and your efforts will be more concentrated. This will provide a great amount of self-assurance when you can grab an upward trend then let go on the downward. With my system you have moneymaking opportunities whether the market is moving up or down.

Over 68% of the reason any one stock's price moves is sector-related. When you start thinking in terms of sectors and trends instead of individual stocks, you gain emotional control and mental focus. That feeling of overwhelm as you scan the thousands of publicly traded stocks, in thousands of Mutual Funds and ETFs can be narrowed down to the 46 sectors and a few indexes.

By implementing this one technique you can reduce the amount of hours spent observing the markets every year. Students at a higher level of training will watch 20 to 40 ETFs but by utilizing a mere handful significant gains can be realized.

By specializing you will sharpen your views and intensity. This will lend you the confidence needed to acquire rising stock and short-sell when the stocks are dropping.

Clarify where it is you desire to invest your time and energies. Hone your techniques and familiarize yourself with trading methods. By becoming master of this you will have the ability to be in complete control of your emotions when making a trade. - 29950

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