Subject: The problem with technical analysis
I got this email the other day:
****
Hey Brett!
I've always thought the idea of being a trader was great. I could work from home, call my own shots and be able to scale my income once I'd figured it all out.
But it's bee way harder to figure out than I thought.
I had great plans to learn and practice 1 hour a day until I was comfortable with what I was doing.
Unfortunately, life happened and I can't manage even a few consistent minutes a day.
I still want to trade, but I'm sick and tired of trying to learn technical analysis and everything else that goes along with trading.
I've come to the place where I want someone else come up with trade ideas, and then I can decide whether or not I'm going to follow them.
Sincerely,
Burnt out in Tampa
****
I get a lot of emails like this.
And while learning technical analysis and the ins & outs of trading is great - it takes an INCREDIBLE amount of time and practice to get good at it.
So my advice has always been this: unless you eat, sleep and breathe the market... leave it to someone else.
Just sign up for someone elss' alerts and check them out. It will help you get a feel for whether you really want to trade on your own.
Lately we've been doing great, closing 8 winning trades last week and 6 so far this week.
Of course, thats not a guarantee that this will always happen (because as we know the only guarantees in life are death and taxes) but we've been pretty excited seeing these quick payoffs recently.
You can check out some of our recent wins here:
https://theempiricalcollective.com/member/recent-wins/
I hope you're having a great day!
Brett
****
Hey Brett!
I've always thought the idea of being a trader was great. I could work from home, call my own shots and be able to scale my income once I'd figured it all out.
But it's bee way harder to figure out than I thought.
I had great plans to learn and practice 1 hour a day until I was comfortable with what I was doing.
Unfortunately, life happened and I can't manage even a few consistent minutes a day.
I still want to trade, but I'm sick and tired of trying to learn technical analysis and everything else that goes along with trading.
I've come to the place where I want someone else come up with trade ideas, and then I can decide whether or not I'm going to follow them.
Sincerely,
Burnt out in Tampa
****
I get a lot of emails like this.
And while learning technical analysis and the ins & outs of trading is great - it takes an INCREDIBLE amount of time and practice to get good at it.
So my advice has always been this: unless you eat, sleep and breathe the market... leave it to someone else.
Just sign up for someone elss' alerts and check them out. It will help you get a feel for whether you really want to trade on your own.
Lately we've been doing great, closing 8 winning trades last week and 6 so far this week.
Of course, thats not a guarantee that this will always happen (because as we know the only guarantees in life are death and taxes) but we've been pretty excited seeing these quick payoffs recently.
You can check out some of our recent wins here:
https://theempiricalcollective.com/member/recent-wins/
I hope you're having a great day!
Brett