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Strategies & Market Trends : Aardvark Adventures
DAVE 235.29+5.2%Nov 7 9:30 AM EST

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To: Kevin Shea who wrote (7504)9/17/2010 9:21:42 AM
From: ~digs  Read Replies (1) of 7944
 
5 Uncommon Rules of Wealthy Traders
tradingmarkets.com

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#4 : They trade one market. ONE

I've talked with great traders who can trade futures, forex and stocks at the same time. They are a gifted tiny minority.

The vast majority of successful traders concentrate on one market and become so comfortable with it that they begin to "know" the behavior of that market just watching price and volume. Test yourself - if you aren't able to get rid of all your charts and simply look at price and volume to trade, you're probably not concentrating enough on one market in order to know its moods. What we're really talking about here, of course, is not the mood of the market itself but the moods of the market participants!

Focus on trading one market exceptionally well rather than try to trade whatever's hot - that's how wealthy traders do it.
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