Always look for methods not picks | stockbee

7/14/2014

Always look for methods not picks


Many traders are looking for picks. They trade others picks.

If you want to build long term edge look for methods and not stocks picks.

Stock picks may or may not make you money. But if you become dependent on picks you will have no edge.

But if you know method and do your own scans , develop your own way of finding trades , it will stay with you.

Find step by step methods explained well with clear logic . Understand each element of the method. Understand when it works and why . Understand how it makes money. See if you can run same scans and follow same steps and if you can find same trade and make similar kind of profits. 

First step to becoming successful trader is to stop following someone else's picks.

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