You Can Not Learn ALL There Is To Learn About Trading
This heading for the article might be shocking, especially when it comes from someone who is in the business of teaching trading. But I have been working in the trading business quite some time now and I still haven’t learned everything. I understand how to earn a living trading EFTs and also lose money when trading. Obviously I haven’t learned everything. One sure fire way to lose money is to jump from technique to technique without spending enough time and effort on one to get it down pat. In my opinion trend following is the technique to learn inside and out.
When you focus on finding, learning, practicing and mastering a trading strategy that conserves your financial, emotional and time assets, you win. When you fritter away your money, attention and brain cells, you lose. Choose one method and then commit to it.
When you start specializing, you gain massive clarity and focus. This clarity provides tremendous confidence as you catch the trends on the way up and short them on the way down. My system has the potential to make money no matter which way the market moves.
If you look at the thousands of public stocks and thousands of mutual funds and ETFs the whole business can overcome you with its sheer volume. However, when you divide the whole mess into sectors(46) and indexes it is much more manageable. On the whole, stock price movements are caused more than 60% of the time by a movement in the sector. Knowing these facts can help you maintain your clarity and emotional stability.
This one shift will save you hundreds of hours of research and market watching each year. My advanced students only watch 20-40 ETFs, but you can still make great gains only trading a few ETFs.
When you specialize, you develop clarity and focus. This translates into the confidence you need to buy on the way up and sell short on the way down.
Get clear about where you want to spend your time and energy. Refine your approach and get a feel for how to trade. Mastering this will make it so much easier to master your emotions when trading.
Discover how to make 6% per month using etf strategies! “Big A” has over 11 years of experience as a money manager & fund trader! Get his free etf strategies system report & webinar today!
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