The Holy Grail of Trading
Hi to all my readers,
I hope you had a nice relaxing long "LabourDay"-weekend. - Since it was a holiday and the stock marke was closed, I will not comment on any trading opportunities today.
Much rather I would like to comment on the "Holy Grail of Trading". - To make it short: there isn´t any Holy Grail existing out there when it comes to Trading. So, forget about it. If you are still searching forit - quit it, it´s a waste of time! - But, I hear you say, there are quite a few Traders that make their living by trading - not to mention the ones that became very rich. What kind of technique did they use? Didn´t they have a holy grail?
No. But they knew about the markets and most of all, they knew about themselves. Trading is war. And, the first battle is the battle you have to win against yourself. Discipline and willingness to learn and adapt are the key features you need to have in oder to survive out there. You need to have a plan in advance - just like any good officer that will lead his troops into a battle (maybe I didn´t mention that I´m Naval Officer...). But of course you will also need luck and the right timing. Some people might have the feeling and appear to be exactly where they have to be to make good profits. But also those who don´t have these abilities can make good profits- just by beng disciplined, as mentioned above. There are thousands of concepts and ideas of how to trade and keep a good MoneyManagement (the key to success - which is having a plan before..). Within the following days I will comment on some of these ideas - and, once again, I`d be glad to read your comments.
For now I wish you a happy trading day - and only enter, if you know what you want to do in advance....
Greetings,
The Stockinvestigator
I hope you had a nice relaxing long "LabourDay"-weekend. - Since it was a holiday and the stock marke was closed, I will not comment on any trading opportunities today.
Much rather I would like to comment on the "Holy Grail of Trading". - To make it short: there isn´t any Holy Grail existing out there when it comes to Trading. So, forget about it. If you are still searching forit - quit it, it´s a waste of time! - But, I hear you say, there are quite a few Traders that make their living by trading - not to mention the ones that became very rich. What kind of technique did they use? Didn´t they have a holy grail?
No. But they knew about the markets and most of all, they knew about themselves. Trading is war. And, the first battle is the battle you have to win against yourself. Discipline and willingness to learn and adapt are the key features you need to have in oder to survive out there. You need to have a plan in advance - just like any good officer that will lead his troops into a battle (maybe I didn´t mention that I´m Naval Officer...). But of course you will also need luck and the right timing. Some people might have the feeling and appear to be exactly where they have to be to make good profits. But also those who don´t have these abilities can make good profits- just by beng disciplined, as mentioned above. There are thousands of concepts and ideas of how to trade and keep a good MoneyManagement (the key to success - which is having a plan before..). Within the following days I will comment on some of these ideas - and, once again, I`d be glad to read your comments.
For now I wish you a happy trading day - and only enter, if you know what you want to do in advance....
Greetings,
The Stockinvestigator
posted by The Stockinvestigator at 11:04 AM
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