Thursday, March 1, 2012

Learn How To Be A Trader – Part 1

How To Be A Trader – Part 1
February 27, 2012 6:02am EST by Jeremy
Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.”  Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader.

Emotion Free Trading
If you can master this skill, you can be very successful in this business. If we can’t control the market and what it will do, then the only thing that will make us successful is if we can control ourselves. And that’s easier said than done. But it is the reality of successful trading.

The Trend is Your Best "Friend" in the Stock Market
The trend is your friend, but within the major trend there can be opportunities riding mini-trends going in the opposite direction. Just don't get greedy on those plays; the major trend will eventually consume most smaller counter-trending plays.
So, here's what I see, and here's my opinion about what I see.

Timing the Stock Market: Why 2012 is a Key Year
Learn what Fibonacci time relationships are telling us about the stock market.

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