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Trading is an art that can mature into a skill. It is not a science. If trading were a science, I could teach you all the rules, regulations, techniques, and stratagems and everyone would be a successful trader. Everyone would be rich, no one would want to work, and you would have to grow your own food and do your own laundry. In other words, if everyone were rich, no one would be rich. There would, in fact, be no advantage to being rich. |
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If art were a science, everyone could be given paint and a canvas and would paint the Mona Lisa. Imagine a world long on Mona Lisas. The price would drop to nothing. Every museum and family would have its own Mona Lisa. Mona Lisas would be found at every garage sale. |
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You can have red paint, blue paint, and yellow paint but you may not create a work of art, just as a trader with a computer is not yet an accomplished DAET trader. To become an artist you have to learn perspective, color, and shading. To become a trader you must learn to interpret facts like price changes to turn them into potential profit. Even with the technical knowledge, you may not become a master painter; but with the proper training you should be able to create a picture that is identifiable and somewhat pleasing. A trader who is well schooled and disciplined should be able to make a living. A millionaire? Maybe, maybe not. A good living? Yes. Just like art. |
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The value of your trading artistry is defined in dollars and cents. You could give a thousand people a thousand computers with the same information screen, and some people will see a breakout to the upside and others will see a topping action. One will see a stock drop as a crash, while another will see the same move as a major buying opportunity. The ability to make the proper decision and the results that follow will determine who has painted the real Mona Lisa and who is just finger painting. We all could have access to the same facts, but we weight the decisional factors differently. The strength of your training program will determine how well you learn your basics in decision making regarding the evaluation of facts. |
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