Maybe you've got some stocks. Maybe you manage your own portfolio. Maybe you have an account with an online brokerage. Maybe you even trade stocks and options regularly.
Regardless of your level of involvement, the bottom line is that you are NOT a professional trader on Wall Street.
This is the way real professionals trade, and if you're not using this information you're simply not doing as well as you could be doing. You see...
The market offers unlimited opportunities to players who understand what is going to happen next in the market.
It does not apologize for taking your money when you're wrong. It doesn't feel bad when you're caught off-guard by a surprise move.
The market is not a person and it doesn't care one little bit about the money you've gained or lost.
It fluctuates in a way that frustrates the majority of players, and rewards only the 5% of traders who understand that it's NOT news, technical analysis, or earnings that make the market move.
The top 5% of professionals who make consistent profits in the market look at the market differently than ordinary traders (aka "retail traders") .
Retail traders tend to personify the market and project that the market has an ego or personality. They get mad at the market when they miss an opportunity, become happy when they have a winning trade, and sad when they lose money.
The market is like the weather. They're both powerful natural forces, yet you would never get mad at yourself or at the sky if the weather turned nasty, would you?
The top 5% of traders look at the... Read more...