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Improving Stock Trading Results

By Jobo Smith

Trading is a tough game - and by trading I mean short term trading or day trading the stock market. Don't let anything tell you different. Sure there are the idiots on late night TV and radio promoting their "system". Without even looking or hearing it, I can almost assure you 100% its junk. 100% JUNK. I said it twice. Most people hawking a system or method on TV have never even traded the market. I am serious. They are salesmen, but are good at what they do. They most likely bought the rights to someone else's method OR just figured some crap out and packaged it with fancy marketing.

If you notice, all these offers, they never, ever give proof of how much the AUTHOR/PROMOTER make in a real account, that was audited by a real accounting firm. Even that is not always necessary - most do not even show all the trades that have been triggered, whether profitable or not. This is a valid substitute for actual trading, as a potential user can look at this record of the trading system or method and see the merits (or lack of). They always have testimonials and the like because that limits the liability. The promoter is not telling you its good, some average joe is. And in small print, they have the disclaimer that states "Results achieved are not what the average subscriber is able to achieve" or similar. You get the picture. Its Diet Pills for the stock market all over again. Same message, different words.

Now I am not saying that everyone that tries to sell a book, seminar, or method is a scam artist. All I am saying is look for references of EXACTLY how they are qualified. The real people will offer proof, and be quoted by independent resources as an expert or similar type moniker.

Most of all this type of stuff feeds into peoples greed/laziness gene. What is that? Easy - its the get rich quick gene that all of us have buried in our DNA. Somehow most people (myself included at rare times) fall prey to thinking there is some "secret" that will make it super easy to have a Brinks truck roll up to your door with a delivery of money. What is almost 100% of the case, even the people selling the "method", assuming they are legitimate, have worked their ass off for years and years to achieve success. The method they offer might be a slight shortcut and a blueprint, but it never alleviates the need for true, hard work and lots of it.

Trading is no different. Even if someone gives you the keys to success, there really is no guarantee at all. Of all the things to try to do, this is probably one of the hardest other than maybe being a stand up comic or an actor. Its one of those things that you either "have" the skill or you don't. Can you tell that right away? No. But it simply comes down to how you assimilate information and follow a game plan and think quickly. Sounds easy but its not. For every 100 people who think they are smart (and probably are), maybe 2 or 3 can be successful in trading. The odd part about trading is the more education you have does not make you better at it. Often times, it is a super detriment. You over analyze, and cannot make a decision. This does not mean it hurts, but its rare to find a M.D or a P.H.D that is a good trader.

Now remember, this is totally different than investing. That is a whole different game where the smart people can generally shine because analysis pays off in a better way.

External Links

Stock day trading robot software | Stock Trading Info

Contributed by Trader X on June 26, 2008, at 2:52 PM UTC.

PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
My Trading Robot
Robot stock market day trading system
www.mytradingrobot.com

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