2006-06-22 22:14:42 · 3 answers · asked by tawakley 1 in Business & Finance ➔ Investing
There is no one indicator, there is no get rich quick scheme, there is no pot at the end of the rainbow.
Like any vocation, it takes hard work, lots of study, and the testing of your theories, learning what makes you tick, learning your own particular time and stress levels, and fighting the emotions of fear, greed, and loss of hope.
Most traders spend their entire time looking for the Holy Grail of indicators, and that's why 85% of all traders fail.
Your success or failure lies within you, not some indicator.
Part of being a winning trader is constantly developing new methods, constantly improving, constantly learning and becoming more humble and forgiving, and constantly fighting our fear and greed. I had a killer indicator that worked very well for seven years, then it just stopped working. A winning trader is open minded and constantly aware of these changes, rather than closed-minded saying "nothing works."
People looking for the magic formula will find that TA is too much work. The secret lies within each of us, while a lot of indicators will improve your odds. We each have to find what works for us. If we were all Technical Analysts, it would be a very difficult business indeed.
One of the most important Samurai texts ever written, by Miyamoto Musashi, “The Book of the Five Rings (1643)”, offers this advice: “Think of what is right and true. Learn to see everything accurately. Become aware of what is not obvious. Be careful even in small matters. Do not do anything useless.”
There can be no great success in trading (life) without great commitment, hard work, discipline, and the realization of the “right” type of thinking.
It is the trader’s attitudes, beliefs, and discipline that ultimately yield results. Courage and positive attitudes combined with sound market principles and methods will, in time, result in the desired outcome. Your persistence and determination to succeed is, in the final analysis, the critical element.
2006-06-23 07:19:40 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
U Can make money in stock market while Investing on right kind of stocks which are like blue chip companies and which are having good excellence through continuous improvement in their growth and business. And here u can invest in two ways like speculation in daily market which is having high risk and high return and another way is holding shares for long period of time. and u can also trade in Derivatives( futures and options) this derivatives are having very low risk and even u can do hedging. Regarding Technical calculator u will find in all the stock brokerage companies websites and BSE. NSE website aport form this u can also find in some of the sources like cnbc, ndtv,times know reuters and bloom berg.and books to know basics about technial factors.
2006-06-23 06:43:18 · answer #2 · answered by siva s 1 · 0⤊ 0⤋
there are sites like http://www.stockstat.us/ that allow you to do research related to specific stocks you know or heard of...
2014-02-17 10:44:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋