The chartist can either take a technical analysis course or learn by personal study . Many a chartist goes with the idea "look at others...they probably have more knowledge on the basics than I do." Most chartists follow the tenet is "the trend continues until it stops." Chartists work to anticipate any movements in trends . Chartists are known to end up with amazing profits at one time and enormous losses the next . A chartist always tries to think about their capability to recognize the commencement of either a congestion area or a trend reversal . As trends go on, chartists stay happy . In figuring out whether a trend is going to reverse , or the activity of a congestion area, or something is wrong with his trend , the chartist becomes very unhappy .
The chartist is quite a species . Those wiggle waggles really get chartists off. Usually what happens to chartists is that the trees block out the forest . And they never overfill their tool bag until the end when all the information and the systems end up blocking their thinking.
He looks on unreceptively and blankly for many hours at a chart , without realizing what the chart has to say. The big problem they have is that they try to figure out what prices are doing from the charts , instead of letting the charts know what he requires .
One suggestion : After the chartist gets out of their state of fogginess, they need to request something from the chart and write it down. The chart is none other than the computer of facts and information , and as with a computer , one must punch in what one wishes the computer to start to tell him , and what criteria to use, and, this can only be done by a preprogrammed trading plan . The first prerequisite of the chartist is that he have a trading plan and that he gets from his chart the criteria that works with his plan . Going with the investment of a technical analysis course is a great idea .
Chartists that are successful are
* a) less likely to take long positions
* b) are quite likely before receiving margin calls to close out a position .
* c) if they get a margin call are not as likely to put up another margin
* d) more likely to trade in a larger number of commodities and to pyramid their profits .
The unsuccessful chartist
* a) has a clear tendency to cut their profits short while letting their losses run
* b) will usually be long rather than short
* c) has a clear tendency to buy on days of price declines and to sell on price rises . This action indicates that these chartists are predominantly price level traders .
Track records aren't possible on general chartists, but a track record is certainly feasible on the performance of any particular chartist . Until chart readers allow themselves to be subject to some type of track record , taking their claims seriously is impossible . Few chart readers would have doubted the existence of the "head and shoulder" formation . However , the reversal signal of one will flag another to go on . Usually , if a chartist is justified usually the decisions he made in the market were merely luck . The trader is more painfully aware that technical analysis course mastery does not insure competent trading . Chartists who lose money do so not always because of bad analysis but instead because they couldn't turn it into good practice . In order to bridge the gap that is between analysis and taking action requires overcoming the threat of greed, hope, and fear . This means they need to keep impatience controlled and abandoning a sound method for a new one, especially at times when adversity is happening.
The chartist is quite a species . Those wiggle waggles really get chartists off. Usually what happens to chartists is that the trees block out the forest . And they never overfill their tool bag until the end when all the information and the systems end up blocking their thinking.
He looks on unreceptively and blankly for many hours at a chart , without realizing what the chart has to say. The big problem they have is that they try to figure out what prices are doing from the charts , instead of letting the charts know what he requires .
One suggestion : After the chartist gets out of their state of fogginess, they need to request something from the chart and write it down. The chart is none other than the computer of facts and information , and as with a computer , one must punch in what one wishes the computer to start to tell him , and what criteria to use, and, this can only be done by a preprogrammed trading plan . The first prerequisite of the chartist is that he have a trading plan and that he gets from his chart the criteria that works with his plan . Going with the investment of a technical analysis course is a great idea .
Chartists that are successful are
* a) less likely to take long positions
* b) are quite likely before receiving margin calls to close out a position .
* c) if they get a margin call are not as likely to put up another margin
* d) more likely to trade in a larger number of commodities and to pyramid their profits .
The unsuccessful chartist
* a) has a clear tendency to cut their profits short while letting their losses run
* b) will usually be long rather than short
* c) has a clear tendency to buy on days of price declines and to sell on price rises . This action indicates that these chartists are predominantly price level traders .
Track records aren't possible on general chartists, but a track record is certainly feasible on the performance of any particular chartist . Until chart readers allow themselves to be subject to some type of track record , taking their claims seriously is impossible . Few chart readers would have doubted the existence of the "head and shoulder" formation . However , the reversal signal of one will flag another to go on . Usually , if a chartist is justified usually the decisions he made in the market were merely luck . The trader is more painfully aware that technical analysis course mastery does not insure competent trading . Chartists who lose money do so not always because of bad analysis but instead because they couldn't turn it into good practice . In order to bridge the gap that is between analysis and taking action requires overcoming the threat of greed, hope, and fear . This means they need to keep impatience controlled and abandoning a sound method for a new one, especially at times when adversity is happening.
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