Chapter 1

Invest in Yourself, Not a Trading System

Emotional qualities are antagonistic to clear reasoning.

—Sherlock Holmes

Those individuals with a passion for trading know success comes from within, but are they applying themselves in this direction?

In this book, the operational definition of beating the market begins with making incremental improvements; that is, as you confront the everyday challenges of the market, you become more adept at finding an imbalance between what you can win and what you can lose.

Are You Good at Decrypting Chart Patterns?

Most technicians claim to be good at decrypting chart patterns. Figure 1.1 shows 16 different stocks ready to breakout from a 340-day (October 31, 2007, to March 9, 2009) bear market. If you ...

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