Talk to any successful trader and they will tell you that trading is 90% about discipline and 10% about stock selection.
Look on the Internet for advice about trading and 90% of the websites you’ll find are selling stock selection systems while only 10% talk about trader discipline.
Something seems wrong – Why so much focus on stock selection if it is such a small factor in the success of a trader? The answer is simple – There’s a whole lot more money to be made in selling stock selection systems than their is in selling stuff on trader discpline!
And yet the reason there are so many companies selling stock selection systems is because people are buying them! These companies are selling dreams. The sad reality is that the average human is lazy and, if they could find an easy way of making their fortune, they would.
Maybe the newbie trader needs to buy one of these systems and lose their money in order to realise that trading is not that simple?
But it seems like an expensive way of learning. How about if there was a cheaper (and more eduicational) way of learning. Well I think there is.
I’m going prove that trading is 90% psychology and 10% stock selection – by letting you select my stocks for me
Here’s how;
- Every week (or so) I will email my subscribers with a list of stocks that conform loosely to my stock selection methodology (to read more about my strategy click here). I will select 5-10 potential long stocks and 5-10 potential short stocks.
- Subscribers can then vote for the stocks they would like to see included in the portfolio
- I will then invest in the 1-2 stocks with the most votes.
- I will trade these stocks as per my money management and risk rules.
If you want to be involved in this experiment simply complete the form below to be added to the mailing list.
