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Strategies & Market Trends : Ask DrBob

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To: chichi2 who wrote (99759)	5/20/2009 10:43:12 PM
From: FLACK	1 Recommendation Read Replies (3) of 100058

Chichi2… it doesn’t appear that there are many traders left… as we know, they come and they go. One would think that market analysis and trading are one in the same, but they’re not. It’s one thing to dissect charts and an entirely different thing to trade. Generally, people who want to trade just jump in… they don’t think of it as a job, so they don’t train for it. When they suddenly see a chart lining up, they sit and watch… they’re just pleased that they see something has formed and that they recognized it. The point of training yourself to be a trader is to arrive at the point where you act without hesitation… you act because you have planned and trained for this moment. Training takes time… lots of paper trading, then lots of real trading which has to be done with very small size trades. I think that most people are too anxious to make money and don’t go through this process. If your goal is to make money, you probably won’t last very long. The first goal should be to learn how to trade. BTW and for what it’s worth, I think your charting is good.

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