Which are the best swing trading systems or winning strategies or software or advisories?
This is about trading on the stock market
Public Comments
- All of those systems are b.s. Learn to INVEST in the stock market and you may not lose all your money.
- the one you invent yourself and understand completely is the best everyone else's will very likely fail. this has to be so because they will sell it to everyone they can find (thousands or tens of thousands of want to be traders), thus flooding the market with people all trying to trade the same way and therefore squeezing out the profit. ** Since every professional trader already knows this, I think it likely you've been pitched by one of these firms touting their system. You'll do far better to discover the causes of trading success in general and skip paying for someone else's canned system. I'm reminded that one of my trading gurus once commented in a public forum that he'd been fortunate enough to appear on the same program [some years ago] with one of the provably best traders in the world who was touting his systems. He asked this great trader why he was selling his secrets and got the following response: (as best I remember it) ... "99% of the people paying to hear me today are only looking to feel good about having superior knowledge and won't actually trade anything ... of the remainder, 99% won't do as I tell them but will insist on 'improving' my methods -- AND will fail when they try. Thus, for every person who actually does what I suggest and becomes my competition, I add 99 others who will consistently lose money to me. PLUS, I get paid up front for these sessions." Don't you think that's pretty heartless of the successful trader? NOW, ask yourself if you understand WHY 99 of the 100 who actually do try trading won't be able to resist 'improving' the winning system? What is it that the successful professional trader knows that these amateurs do NOT know that is going to cost them their money? ** The same person I've been learning from used to open his public seminars by commenting that 49 out of 50 new traders will leave the market within two years after having lost some, all, or more than all of their capital. 98% failure rate is pretty steep odds. And buying a system likely won't help, but may actually hurt. GL
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