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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/31/2001 4:12:44 AM
From: mish5000	Read Replies (1) of 37746

The MYTH ABOUT ACTIVE TRADING: Whomever tells you that they never lose money while actively trading is probably telling you a lie. The truth of the matter is that we can only have a rough guesstimate of what will happen to the price of a stock in upcoming days. By using Technical Analysis and technical indicators we can be MORE prepared for what the day may throw at us - and that is it. Nothing is guaranteed. If the markets were fool-proof - then there would be no market, because no one would trade. Think about this. Market psychology is based upon FEAR and GREED.....A Fear of being able to buy at a lower price, and Greed - of being able to sell at a higher price. It's simple really. Herd mentality has always dominated the markets and always will. Personally, I am a day, swing, momo, scalp and herd trader! I will go Long, I will go short....I will trade ANYTHING as long as it looks feasible on a chart. The trick to being a good trader is simply to make more than you lose....minimize losses, maximize profits and come out each day +net and in the long run you should be fine. Rome wasn't built in a day, and neither will your fortunes..... Good luck all!

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