THE STOCK MARKET has a SECRET. Here it is.

I am sorry to disappoint you but, There are no Trading Secrets.

If there is one plaque you should put above your pc screen, it's this one. THERE ARE NO SECRETS IN TRADING, THERE ARE NO SECRET SYSTEMS. Don't ever buy one thinking you are the limited few getting it. Before the internet came along, information was limited to the privileged. Now the information to become a successful day trader is readily available on the web. The problem is that most people simply want some easy system to make a lot of money, so I guess the big secret of day trading is that this actually takes a lot of work. That is why more people fail; because most people are lazy.

The only people who try to pursuade you that day trading is easy are snake oil marketers trying to sell you some new propriatary trading system, indicator, trading robot, or £247 eBook full of drivel. I am sure you have over the years, like me, acquired the secret systems, only to be disappointed.These are also the same people who want you to believe that there is a such thing as day trading secrets. They are praying on the typical lazy humans who simply want to make a quick buck. The ironic thing, though, is that the only people making a buck are the people selling day trading secrets while those who are searching for them are simply wasting money.

There is no secret for trading system. Most Professional traders use the simplest of systems. In his book ‘Market Wizards’, Jack Schwager, (to read it click here) interviews numerous profitable traders in the United States. There is an interesting observation to be made about most of them. Often Schwager asked if they were to start trading again, what would they do differently. Many answered that they would not have wasted as much time initially on their entry signals and they would have rather spent that time concentrating and developing their risk management rules and working on their own mindset or psychology.

When trading does not go well for most traders though, they begin to wonder what part of their entry conditions is failing them. Thoughts like, is it the data they are using, the software, should they use different moving averages like weighted or exponential, or look at hourly data.

What’s the difference between a professional and an amateur? Professional traders always control their emotion in every conditions. They believe that searching the Holy Grail is all about improved theirself. Rather than modified our system, we should learn about ourself. We can not control the market, but we can control ourself. The market has no rule. Then we should make the rules, trading rules. Trading is all about discipline and patience. You’ll make a lot of money from market if you can do that.

If you are still thinking there is magical trading system, you should avoid trading before you waste your time and money. There are many trading systems out there, free or paid system. Both of them should be suitable for your style. Trading style can be revealed as long as you keep learning. Do not use too many tools and indicators if you don’t want to be confused when analyzing the market.

Most of the times we have a good trading system but we usually destroy it because we want it to be perfect. Just follow your system and stick with it.

Successful traders have numerous personal traits in common. They are focussed, disciplined, passionate, and are totally committed to their trading. They are humble and always prepared to learn from their mistakes.

SO MY FRIENDS, LISTEN VERY CAREFULLY, The Holy Grail of trading has never existed and never will. Snake oil system sellers will always try to make us believe otherwise. Always be wary of sales pitch which contain the classic words such as, hidden secret, guaranteed no loss, anyone can make money with our secret even without any experience, incredible profits etc. etc.