Predict the Market and Win With the Right Trading Strategy
I have heard a lot of authors say to avoid predicting the markets and focus on a system, but prediction is part of a system is it not? Everyday the market moves, and everyday is a good day for the group of traders who predict the market the correct way. Predicting the market is not an easy skill and takes time to master, but once mastered can pay off big for the student willing to take on the challenge.
Knowing the scenarios that the market is capable of gives traders an edge. An experienced trader takes advantage of every edge the market gives away. It is like a poker game. If you are watching a poker game then you know all the cards, but if you are in the game itself then you only know your cards. Now imagine some of the opponents cards turned around for viewing. That would be a pretty big advantage for you would it not? As a retail trader your competition is other retail traders, and being able to jump on an edge gives you the jump on the competition.
As a trader beating your competition is key to making money, and achieving an A-B range success rate is definitely worth it. Yes, it can take a few months to years to learn, but with this information you can become very rich. Ask yourself what your priorities are, and determine your trading goals before pursuing the long road, and remember the road less traveled is the best one.
Trading involves a lot of risks. Some days you might lose money, but hopefully most days you will come out positive. A tight risk management plan is the best way to feel comfortable with trading and to eventually end up with a profit. It's important to avoid assuming or making predictions about which way the market is going and instead focus on the now.
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