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Why Can't We
Be Right More Often?
Everyday seems to be the
same as the last at the moment. No clear direction from the
U.S., a very choppy and sloppy market, mixed
results from our major blue chip companies and of course a barrage
of information coming from all angles.
If it wasn't hard enough
already you can factor in oil prices, gold prices, world economy,
IRAQ and the list goes on. So who should I listen
to and what should I read?
Well the answer is
simple really...Yourself! No-one can predict with all certainty
which way the market is heading and ultimately the market itself
will be right in the end.
Learn to grasp what
is happening in the world around you, and for me, try to avoid
reading every article that crosses your desk. You have enough to
worry about already!
As traders it is
imperative that we keep our emotions under control and certainly
learn to be patient. We always try to read and predict market
movements and usually, with experience, you will learn to do this
with more accuracy as time goes by.
But in uncertain
times such as these we have to accept some of the results that we
are dealt with from day to day.
I believe the
ultimate test for all of us that wish to become successful at
trading is to educate yourself, take the good from the bad and learn
from our experiences so we live to fight another
day.
Will you be
successful? Well no-one can answer that. This will be determined
over the longer term to see how you faired financially and of course
emotionally.
Trading by nature
does not suit all and I am often asked to sum it all up in one word
what makes the end result profitable. My answer is simple and always
the same........PERSISTENCE!
In the end the
resilient will be successful regardless of their own short term
results.
Until next time
profitable trading. | 
