Trading From Main Street

[Brandon]

One of the things most critical to your long term success as a trader is losing correctly. If a trader learns to lose correctly (s)he will eventually come out a winner. The hallmark of a true professional is small wins....and smaller losses. Most professional traders will be "right" 30 to 50% of the time, the rest of their trades will be very small stops or break even trades. Most novices however, are forever on the search for the holy grail technique that will be right 80% of the time of more. While a professional knows there is no such thing, there are unfortunatly a lot of dishonest people willing to sell such a dream.
Earnings season kicks into gear this weak. The historical trend is a a run into earnings season, but then as the news is out and the market has little to look forward to, the trend switches to down.

Brandon
http://www.teachmetotrade.com