Friday, May 30, 2008

Fundamentals, Technicals And Common Sense

"Having an informational abundance of riches in the trading business can make you crazy. It seems every week somebody has a new-fangled trading idea, or mysterious black box they claim is better than sliced bread and divided highways. What we’ll rant about today is not something that creates instant zillionaires but rather suggests proven, basic trading ideas used by millionaires. If you want to learn this business, watch the guys and gals who actually earned millions trading-not the ones always yammering about it." – Traderrog

When we first became interested in trading over 20 years ago, we noticed two standouts in the crowd. They are Jim Sinclair the famous gold trader and Barry Lind of Lind-Waldock. Both subscribe to keeping things simple. Get a paper chart, a pencil, ruler, and draw channels.


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