Stock Technical Analysis Course – On Maxims
A technical analysis course will teach you that about anything can be justified with an old saying . A plausible maxim is always there that appears to justify diametrically opposed actions . It doesn’t matter what the event happens to be maxims are always around to provide a description . Often traders decide to pick on that encourages their method of trading . Orin Thevault (Commodity Futures Game, Who Wins, Who loses,Why! – Mcgraw Hill ) states that “selective perception” is what sociologists have called this . The most favored alibi comforts the trader when he deals with a smaller profit or even a loss .
Often traders that are successful scoff at maxims, that don’t have any value and that are general and they are more for a random walk explanation rather than for a real plan for trading. He knows that success as a trader includes more than the judicious choice and observation of maxims .
“Nothing is so useless as a general maxim” .
– Thomas Babington
Lord – Macaulay – 1859
Supposedly, if any one rule or maxim was invariably correct its validity would be eliminated because it would be followed so much . Because of human nature, maxims are broken on a regular basis. So, if we do have a good maxim , it probably doesn’t mean a whole lot does it? Because most people will not pay any attention to it anyway . After all, you can’t remember everything . Maybe Lord Macaulay had it right . However, there are some maxims , which can be used in commodity trading . And, some of them are rather profound and should be committed to memory . You can make your own choice. Actually, you should come up with a collection of your own maxims that work out for you and test and question these maxims repeatedly.
MAXIMS THAT ARE ESSENTIAL
The best way you can get good results is to play a favorable game in a small scale less desirable , but yet a chance of success is still reasonably provided, is playing a favorable game on a large scale getting enough profits early on that ruin is avoided. A basically unfavorable game may yield profitable results if one plays seldom and bets heavily . The only road that is sure to end in disaster is constantly playing a game that is unfavorable . More can be learned when you take a stock technical analysis course.
When a good sport dies, he’s broke.
There is no such thing as a sure thing.
Markets don’t sleep, but traders do.
Dialog is okay if enlightenment is the goal of both.
Accidental successes usually turn into accidental failures .
There are negative and positive aspects to winning .
The things a few can do can’t be accomplished by man.
Along the line of least resistance is a good place to take a position.
Sell off famine and purchase glut .
Buy rumors – sell news .
A bull can make money. A bear can make money, but a hog never can .
Never buy at the bottom, and always sell too soon .
Buy what will not go down in a bear market . Never buy something that won’t go up in a bull market .
Fatality has occured to many healthy reactions.
Watch out for a trend when market opinion seems one sided .
Patience is imporant . Wait for the times when it seems you can get unusually high profit .
Don’t trade often unless the plan you have requires you to often take positions.
Everyone can find fault with any maxim .
Put half your profits in a safety deposit box .
Money is easier to make than it is to keep .
Sure, the strong and the fast don’t always end up winning the battle, but you should bet on that.
PESSIMISTIC MAXIMS
If it can go wrong, it will go wrong
No matter what the result, there’s always someone to fake one better .
Someone is always there to misinterpret your result, no matter what it is .
When you collect data , the figure that looks correct obviously – is usually the mistake .
It may be impossible to get a wrong number, but you can still find some way to do this.
The path that leads to failure is broad .
MAXIMS THAT ARE FUZZY
Cut you’re losses. Let you’re profits run .
( it’s like telling somebody to stay happy and healthy . )
On down days, only buy . On up days you should only sell .
Only going to the hard knock school will give you better teaching than a stock technical analysis course.
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