"If it is not broke, do not fix it"
Posted By George on June 9, 2009
I like maxims and quips. Send a few phrases of the story. I like the parable in the Bible, because the child can say “I get it,” and the age of the students can say “Oh … now I get it.” This principle is still the most simple is good for life, including the situation of trafficking. Meanwhile, trade skills and not easy to master, they involve simple principles.
Expertise in many areas of life including learning to preserve movement and foreign business. When done correctly looks simple and onlookers often say, “Well, I can do that.” But “want to” quickly find that it is not as easy as it seems. Trade can be frustrating and heart, but when the market seems to get you and you feel like you’ll never get it, remember Sean Connery’s famous line, “Impossible, but doable.”
Too often, traders experience real highs and real lows. Meanwhile, give and take that is normal and expected, large swings are usually the result of technical change or addition is not appropriate. You easily find the niche or really can make life a lot more trade and consistently smooth and therefore, profitable. I know how some startling trade shares of all potential candidates to gather recommendations from the scan and start flooding the market and change the sniper rifle accuracy of flow.
So, while back in the Trader Talk Live training students wrote “- the last 7 days trade was really fantastic. I have confirmed again the following values only a few stocks to study and gain (as much as possible) their behavior. PD is one of my favorite all time “. He refers to the principles that are trained in the Trader’s Forge a two-day trade that made the camp once a month. I encourage students to build a stable trading shares and know them well. Choose your favorite and 6-10 trade them back repeatedly. Learn to recognize the pattern of behavior. Do I behave similar in the vicinity of earnings? Does this make quick turns or clean? Whether there is a tendency to impose a particular pattern of the graph? Thus, you will find the merchants that affect the stock and increase the opportunity to tap the repeated pattern to trade shares.
Patterns that we observed the behavior of people. Traders are the key interactions with the various levels of traders, brokers, fund managers and the public. Cast is a unique player in each stock or group of stocks, bonds, commodities, etc. For that reason, and to develop a unique pattern that is the key. Instead of flitting around like swing from the underbrush to find a new interest rate, you can find some flowers that remain on the regular production cycle. You develop a routine and learn the cycle so you can stay around the harvest and returning again.
I have a friend who taught me this principle in a dramatic way. He was a very narrow group of stocks that he knows and he does not just learn the pattern, but also learn from the behavior of the company. He knew how to act around their earnings, what products they are releasing, and how they responded to the news and share of economic activities. One year course, he makes more than $ 750,000 a trading company. It is interesting to note that he sees the success of other people always want to know, “What will do next?” As children the story of the Little Red Hen, most of the fellow traders want to cash in on the valuable insights and a few ask to teach them how to trade as he was traded. It was folly to think that if he gave information to them, they will have the expertise to take this little bit of information. That, however, is human nature.
[...] We find the fountain of youth, who cut short, and The Edge so to speak, but in the end remains a universal constant. Working smart is better than working hard. And in the end, usually to find the magic key or core [...]