Stock Technical Analysis Course – On Maxims
A technical analysis course will help you learn that about anything can be justified with an old saying . There’s always a maxim that is plausible that seems to take opposed actions and justify them . No matter what occurs maxims are always around to provide a description . Traders often blithely choose the one that encourages only what they are doing . It was stated by Orin Thevault that according to sociologists, this is now known as “selective perception” . The most favored alibi comforts the trader when he has taken a loss or a smaller profit than he should have .
Often traders that are successful scoff at maxims, that don’t have any value and that are general and that have no place in a trading plan . He thinks that trading success requires more than just maxim choice and observation .
“Nothing is so useless as a general maxim” .
– Thomas Babington
Lord – Macaulay – 1859
Supposedly, if there was a maxim or rule that was always correct its validity would be eliminated because it would be followed so much . Due to human nature, on a regular basis good maxims get broken . If we have a great maxim , it probably doesn’t mean a whole lot does it? People probably won’t pay a lot of attention to it . Everything can’t be remembered after all. Perhaps Lord Macaulay was really right. However, there are some maxims , which can be applied in commodity trading. And, some of them are rather profound and should be committed to memory . You can make your own choice. Really , you should come up with a collection of your own maxims that work out for you and test and question these maxims repeatedly.
SOME ESSENTIAL MAXIMS
The top approach that will enable you to maximize your results is on a small scale playing a favorable game, but still providing a reasonable chance of success , is playing a game that is favorable on a scale that is large getting enough profits early on that ruin is avoided. A basically unfavorable game can give you results that are profitable if you rarely play and bet big. The road that will definitely end you up in a big disaster is playing an unfavorable game continuously . This can be learned by taking a stock technical analysis course.
Good sports die broke .
There are no sure things .
Traders sleep, markets don’t .
If enlightenment is the mutal goal, dialog is appropriate .
Success by accident usually turns into failure by accident .
There are negative and positive aspects to winning .
The things a few can do can’t be accomplished by man.
Along the line of least resistance is a good place to take a position.
Buy glut and sell famine .
Buy rumors – sell news .
A bull can make money. A bear can make money, but a hog never can .
Never buy at the bottom, and always sell too soon .
Buy what will not go down in a bear market . In a bull market, never make a buy on something that won’t go up.
Many a healthy reaction has proved fatal .
Watch out for a trend when market opinion seems one sided .
Patience is imporant . Wait for situations in which profit potentials seems unusually high .
Don’t trade often unless the plan you have requires you to often take positions.
Everyone can find fault with any maxim .
Use a safe deposit box to keep half of your profits.
It’s tougher to keep money than it is to make it.
While the strong and swift don’t always win, you should bet that way .
MAXIMS FOR THE PESSIMIST
If anything can go wrong, it will
No matter your results, someone else will make up a better fake one .
No matter what the result, there’s always someone eager to misinterpret it .
In any collection of data , the figure that looks correct obviously – is where a mistake will be .
There’s always a way to get a wrong number, even if it’s impossible .
Wide is the road that leads you to destruction.
MAXIMS ON THE FUZZY SIDE
Cut you’re losses. Let you’re profits run .
( this is like encouraging someone to be happy and stay healthy. )
On down days, only buy . Sell only on up days .
Only the school of hard knocks teaches better than a stock technical analysis course.












