Learn to read charts like the professionals. Do you believe for a second that the pros were surprised about this decline? Now, we’re not talking about the Talking Heads on TV; we are talking about Stock Market Professionals. Stock Market Experts. Stock Market Wizards. (know anyone like that?)
Charts talk every day; all we need do is pay attention and listen. It’s really not that difficult; it simply takes a little practice and some commitment. Recently, we released a video titled, “Critical Lessons Learned;” where Pat Walker discussed a former client and the stock which he still held. Resisting, denying or rationalizing reasons to hold onto a falling stock will work on your emotions along with your account size.
Take the time required to learn to listen to charts. We talked about college in a recent example, it takes a little time and you have to show up to class. Unlike many of the classes required in college, chart reading class will be well worth your time and effort.
It’s the New Year! Make a commitment today to become a master chart reader this year.
