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If they all followed a pat program they would all be buying and selling at the same time so it could not work. I have stood in the pit and watched the same person offer to buy and when there was no seller he would then offer to sell usually at the same price. A friend of mine could arbitrage by standing in the middle of the gold pit and hit buys and sells that were off by one or two ticks because they could not hear each other due to the noise of other traders who were shouting their offers. You can look at the basic trading style of one of the 'greats', but you must adapt it to your method. Article: How many invoice have you read close to successful traders? How they did this or that and made a fortune and are still doing it. You say to yourself, “I’m going to follow his method and get rich”. So you subscribe to his newsletter (they all have one, $250) and buy his course on CD Rom ($495)and next time he is anywhere near you end his seminar with a $500 discount for only $2495. You do understand you must do exactly as he does and you try your best to follow the directions, but for some reason you still are not making money. At least you are not losing as much as you did in advance (I hope). Go look in the mirror. You are not Richard Russell, Richard Wyckoff, Bill O’Neil or any one of the great gurus of the market place. Each one of them has devoted every minute of his life to understanding the market. Each one is very successful and each one has a completely different way of about to be trading. Can you copy any one of them? It is very doubtful. These great teachers can help you, but you have to develop your own method and style of investment. Whether it is long term or short term it must be something with which you resonate. When I was a floor trader there were a thousand guys trading and I know there were a thousand different guide lines. No one had the same buy or sell signal. If they all followed a pat program they would all be purchase and selling at the same time so it could not work. I have stood in the pit and watched the same person offer to buy and when there was no seller he would then offer to sell usually at the same price. Yes, he was scalping for one or 2 ticks, but he knew what he was doing even if it looked strange. A friend of mine could liquidation by standing in the middle of the gold pit and hit buys and sells that were off by one or two ticks seeing they could not hear each other due to the noise of other traders who were shouting their offers. You can look at the central trading style of one of the “greats”, but you must gentle it to your method. I have not seen anyone able to successfully copy a trading program exactly. You will improvise and find a slightly new presentation that becomes “yours”. It then becomes part of your being. It works for you and probably won’t work for anyone else. If the programs the hype masters are selling work so well why aren’t there more rich traders? And if the programs are so darn good why are they telling you? To be a successful trader you can’t copy cat an existing program, but you can take a underlying trading vehicle and modify it your own plan. Turn that cat into your own tiger. ForexEnterprise.com: Earn $1,000 Per Day. - The Multiple Streams of Income System - Start Making Money In Just 15 Minutes. Updated & Converting like Crazy! Go Up Strong! - Increase Your Vertical and Teach Yourself to Dunk in a Matter of Days using this Revolutionary New System! Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |
More Articles:1. The Real Cost of a Bad Habit By Scott Pearson Summary: What is the value of a good habit? Failing to follow through on some habits can lead to some nasty results, and those results could cost us our lives.Now, transfer the idea to financial habits, like saving a little money each month, or regularly adding to your 401K or IRA. Many high-income people spend recklessly, which is why we always hear about formerly famous musicians, actors and sports figures that don't have a dime to their names… 2. Stocks: Reduce Risk Yet Maximize Profits By John Lux Summary: If they did go down, I was happy to buy more because at those prices, you could buy the whole company and sell off the assets for a profit.From this group of 'safe' stocks, you select the ones most likely to have large appreciation.A stock is cheap in my book if it sells below the liquidation value of its assets, and most cheap if it sells anywhere near the net amount of cash it has on hand. It may be that the stock will not go down, but… 3. Fair Value of A Common Stock By Hari Wibowo Summary: Your rate of return depends to certain extent on the price that you bought the bond at.The next higher risk investment is buying common stock. For example if a CD gives you a 3% return, treasury bonds give you a 4% return, then you would want your stock gives you a higher return of perhaps 6%.What does it means for a stock to give investor a return of 6%? All we need to do is find the share price of a common stock and the profit per shar… 4. Beginning Investor - Investment Terms By Jonas Elmerraji Summary: Public companies are not required to declare dividends.EPSThe term EPS refers to a company's earnings per share for the fiscal year.EquityEquity is just a term to signify that a particular type of security grants you partial ownership of a company.LiabilitiesLiabilities are a company's debts of any kind.Market CapitalizationThe Market Capitalization, or Market Cap, is the total number of shares outstanding (held by investors) multiplied … |