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Friday, July 15, 2005

The Art of the Trade: Having an Edge

Allan has summed up why having an an edge on the stock markets is the key in successful trading.
Allan writes the following, which I totally agree:
The few people I know of who are successful at trading all have one thing in common, they have an edge. What is an edge? An edge is a technique, or a special insight, or understanding, or technology that sets one apart from the trading hive.

So the art of the trade, simply put, is to find something that works and trade it.
Read further:
All Allan: The Art of the Trade


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Anonymous Penny Stock Blog said...

What about buy and hold not forever but it could be for some time. Their are stocks like petsmart that traded at 2 dollars a share 11 years ago now the stocks almost fifty. Also pricesmart traded at about 7 dollars a share about seven or eight ago now its almost around sixty dollars. Their are many other examples Apple computer traded ar only 5 dollars a share in 1998 now its over 400. Tractor supply which traded at 6 dollars in the year 2000 today its at 50 dollars. These stocks are being held quite a long time generally speaking I would say four to six years would be about right as far as buy and hold go. I have a website where I have been following stocks under five dollars. I generally hold my stocks anywhere form 2 to 6 years.
Than sell out of many of my positions.

12/12/2011 02:55:00 PM  

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