An high level list of investors and specialized
experts collected in Las Nevada last few days to inform and impress several
hundred participants of the Twenty-first yearly TAG (Technical Research Group)
meeting. For two and one-half times, these well known industry viewers
distributed their dealing techniques.
Following are some dealing and specialized
information this author grabbed from this seasons TAG 21 meeting, which was put
together by Tim Slater, a well known specialist in his own right, and was
provided by INO.com.
One
of the styles coming out of this seasons meeting was the improved movements in
the currency markets, and how investors with a futures-related dealing
qualifications have used their experience with movements to acquire better
access and quit factors in dealing. Most decided that whether one investments
shares, or economical futures trading, or investment futures trading, there are
key dealing techniques and tenets that apply to all three.
All
the speakers observed by this author outlined that effective investors must
have a specific software system before they perform a trade--and show eager
self-discipline in following through on the strategy. This contains places and
potential quit strategies--including establishing prevents. Always set a stop
when dealing.
Keep
a record when dealing. This helps recognize any dealing faults, or dealing
achievements, later on decision-making on investments.
Have
a money-management strategy. This is a must. Know what your economical risk
threshold is and business accordingly.
Don't
add to a dropping position.
If
you are in a dealing downturn, take a break for several times or even several
weeks, in order to indicate upon your dealing technique.
Do
not overtrade. This is a common error among many investors.
Take
advantage of industry styles. "The pattern is your friend" saying
jewelry true. Use extreme warning when dealing against the existing pattern of
the industry. Don't try to choose covers or underside.
Let
your income run and cut your failures quickly.
The
basic principles in any given industry are always most favorable at industry
covers and most bearishat industry underside. This is where the "buy the
gossip, sell the fact" story sometimes comes into play.
There is no Sacred Grail in dealing. There is no
"free lunchtime." Trading efficiently is effort.
Most speakers said their strategies should be used as
one "tool" in the midst of a wide range of resources in
your own dealing "toolbox."
