Thursday, August 6, 2015

9

And even if the charts I post do make a compelling case for trading chart patterns, you should be wary. Think about it this way: you may see evidence that certain pattern predict rather rapid doubles. If that's in fact true, then you should be able to start with quite a small amount invested, really, an inconsequential amount, a frivolous amount, and soon build it into a massive fortune, or a small fortune, at any rate. You should not, this is to say, think that success with trading chart patterns depends on any kind of substantial starting capital. Quite the opposite. And you very probably should pointedly not start with a large amount of money, because that would set you up for a possible big loss.

It's true that, if the system doesn't work very well, you will not make money with a small amount invested. The charts I post might give some indication as to whether it's worth your trouble to put a small amount of money into trading. Even if this evidence ends up looking quite good, I rather hope you will not rely on it entirely. One way to diversify is to use more than one system, and the traditional approach - you could call it that - is described in certain places, and, really, in many places, and I'll discuss those when I get around to posting on investing. If you're not sure, put most of your savings into insured accounts. That's not really where you should keep your money, but safety is of paramount importance. Safety First!

No comments:

Post a Comment