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How Eating Bitumen Made Me a Better Stock Trader

Stock market trading is a fascinating activity.

Financial In Market There are so many layers to it. And so many paths that you can go down.

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Oriental Trading Soon after we first got interested in the stock market I became captivated by technical analysis. I finally felt that I was in control. It gave me great confidence to have all these tools to use.

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Financial Forex Forex Software We bought some expensive charting software and I started playing with the hundreds of indicators that it contained. Exotic sounding devices with impossible to understand mathematical formulas.

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Trading So, armed with all these new tools, I was sure we would be making a killing in no time. Because now we had science on our side!

Testimonial "I have tried many different trading systems and I think I may have found a good one in the Rockwell Stock Trader Pro. I like that I can search for potential trades in less than one hour on the weekend, place my trade Monday morning and not really have to worry about it until the following weekend. The program is easy to understand and there is no up marketing with this system.

Trading Financial System And so I spent night after night, weekend after weekend trying to understand them. Backtesting. Trying one and then another.

The Stock Trading Coach software gives you the same “insider” signals that the professional traders receive. you don’t need to spend countless hours of time researching and analyzing the overall market situation, or the company behind the stock! There’s no need to read countless stock trading magazines, books, or financial newsletters! understand ways of analyzing a stock in seconds, allowing you to decide whether you should buy, hold, or sell it.

Day Trading But still we struggled to pick the winning trades.

Forex Financial Trading The I can remember buying this add-on to our software that gave us even more indicators. And I was convinced this would finally make the difference.

Fortune Make Option Trading So I tried yet more indicators. Using different settings and different combinations.

Science Of Financial Market But success still eluded us.

Future Trading And it took us quite a long time before we understood why.

Financial Sales Services But before I explain what we discovered, let me tell you about eating bitumen.

Commodity Trading My office is close to home. So some years ago I decided it was silly for us to have a second car. And so I traded it in and bought a scooter.

Financial Services Trading Now the only real problem with scooters or motor bikes [apart from getting wet in the rain] is that you are fairly likely to get hit by a car at some point!

Online Forex Trading It just stands to reason.

Financial Portfolio Trade So I am always careful to watch cars to see which way they indicate they are going to turn or whether they are stopping.

Sierra Trading Post But this one day I was in a bit of a hurry.

Trading Financial Future And as I approached an intersection a car was parked at the stop sign on my right. I was going straight through and the driver was indicating to turn left.

Forex Trading Software [At this point I should remind some of our overseas friends that we drive on the left side of the road!]

Trading Post So I knew it was OK for me to keep going straight through the intersection. Or so I thought!

Trading System Next minute I am slamming on my brakes as the car accelerates across the street immediately in front of me. As my scooter hits the fender I go flying across the front of the car and land on the pavement on the opposite side.

Forex Trading System For anyone who has experienced such an event you will know what I mean when I say that it was like the whole thing happened in slow motion. Quite weird!

Fx Trading I can remember looking at the car as it headed for me and not believing that this was really happening.

Trading Card Because I was convinced it was going to turn left. The driver had indicated that he was turning so what was he doing on my side of the road?

In Online Trading But there he was. I couldn't believe my eyes but eating bitumen convinced me that this was indeed reality!

Online Commodity Trading Ever since, I don't trust car indicators. Instead I have learned to look at the front wheels. Because this is the true indication of which way the car is actually going to go.

Line Trading And you can't rely on looking at the driver, even if you can see them. Because they often don't seem to know where they are going, either!

Forex Currency Trading But the wheels don't lie!

Online Option Trading The car can only go in the direction they are pointed.

Online Currency Trading Now what on earth has this got to do with what I was talking about before?

Foreign Exchange Trading You remember I was telling you about the problems we were having with technical indicators? Well what finally dawned on us was that we were not taking enough notice of price action.

Trading Software And so we started to study the chart before adding any indicators.

Trading Space And suddenly we saw what was really happening. It was like looking at the car's wheels instead of its blinkers.

Oriental Trading Company You see, technical indicators are just what they say they are - indicators. Not reality. Not price action.

Day Trading Online But an interpretation of price. A filter.

Forex Currency Trading System And so you need to look at a stock's price chart on its own to get a picture of what is really going on.

Trading Account This is not to say that technical indicators are not useful. But the critical thing is to only use them after you have analyzed price action. Not before.

Foreign Currency Trading Just remember - the wheels tell the truth!

Yu Gi Oh Trading Card The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn't worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

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About The Author:

Forex Online System Trading David Chandler
http://www.stockmarketgenie.com
For your FREE Stock Market Trading Mini Course:
"What The Wall Street Hot Shots Won't Tell You!" go to: http://www.stockmarketgenie.com

Stock Option Trading David Chandler

www.StockMarketGenie.com



For your FREE Stock Market Trading Mini Course:

Oriental Trading Co "What The Wall Street Hot Shots Won't Tell You!" go to: www.StockMarketGenie.com

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