Welcome to The Ultimate Trading Guide
Trend Trading Article
This is a selection made from among articles on Trend Trading. For a permanent link to this article, or to bookmark it for future reading, click here.
Learn What Trend Trading Really Is
from: Carter Matzinger
Here's a simple question-what is trading? To answer, perhaps not so simply, we first need to understand what trading is NOT. Trading isn't about buying the fanciest chart, hanging on to something because it is a good buy, or feeling good about yourself because you can go to a cocktail party and relate to what everyone else is saying. Trading is about making money, period.
There are software systems that create pretty colors and tell you which stocks are safe to buy because they have moved a certain way in the past. If one particular stock has been going up and up and up, a trend follower concludes that the stock should continue moving UP! However, in order to follow a stock's true potential progress, would you rather wait for a computer program, or be actively and directly involved in its ascent?
Picture an apple in the center of a room, surrounded by 10 traders. Consider for a moment, each trader buying the apple until everyone has owned it. What is that apple worth? It is worth ONLY what someone will pay for it. Person #1 buys the apple for $1 and takes a bite. Person #2 then pays $2 for the same apple and takes another bite. Person #3 pays $3, and so on until finally, the last person takes that final bite. Yes, the apple is STILL worth only what the next person will pay for it-no more, and certainly no less. The only person left to sell it to is the one who walked into the room an hour late, looks at the apple's past price history, consults his software that says the smelly apple has had a great price performance, and determines that it's a worthwhile buy. That is precisely the definition of trend trading.
Make no mistake, successful trading is about you versus the guy sitting next to you with the pretty software. Don't waist your time trading with charts, spend your time leaning how the futures market really work.
About The Author
Carter Matzinger
Ezzone Trading is the author of "What the Stock Trading Seminars DON’T tell you!" We have developed a software to support people in trading futures successfully. Visit our site to find out more. http://www.ezzonetrader.com or mailto:sales@ezzonetrading.com
Related Articles for Trend Trading
 |
 |
Trend Trading News
Smucker posts 3 percent 2Q earnings gain - Tehran Times
ORRVILLE, Ohio (AP) -– J.M. Smucker Co., the nation's top maker of jams and jellies and now into the coffee market, said Friday that its earnings rose 3 percent in its second fiscal quarter, due to price increases and families choosing to have ...
Read more...Frugality is making a comeback. - Worcester Telegram & Gazette
Fearful that economic conditions could get worse and stay that way, Americans are showing an enthusiasm for thriftiness not seen in decades. This behavioral shift isn’t simply about spending less. The New Frugality emphasizes stretching every ...
Read more...Little shops full of horrors but supermarkets buck trend - Farm Weekly
RETAILERS in NSW face the most difficult trading conditions in decades. Butchers, cafes and sporting goods dealers are selling a lot less, but supermarkets are selling a lot more as consumers seek bargains. The latest snapshot of the retail sector ...
Read more...Forex Trading Signals Update: Momentum Strategies Outperform, But ... - DailyFx
Nov 17 - Forex Trading Signals Update: Momentum Strategies Outperform, But Range Maintains Upper Hand Nov 13 - Forex Trading Signals Update: Market Conditions Challenging, We See Opportunities Nov 10 - Forex Trading Signals Update: Range-Bound Price ...
Read more...Centre determined to sustain 4.5 per cent farm growth: Pawar - Zee News
Mumbai, Nov 23: Agriculture Minister, Sharad Pawar on Sunday re-affirmed government's determination to sustain the growth trend of 4.5 per cent in agriculture due to better prospects from the crop currently. "The report of rabi crop indicates that we ...
Read more...