Copy Cat or How to Use a Successful Trading System

How many books have you read about successful traders ? How did they do this or that and made ​​a fortune and are still doing . You say to yourself : "I'm going to follow his method and rich" .

So you subscribe to his newsletter ( they all have one, $ 250 ) and buy his course on CD -ROM ( $ 495 ) and the next time he somewhere to attend a $ 500 discount for his seminar near you only $ 2,495 . You understand , do exactly as he does and you try your best to follow the instructions , but for some reason you're still not making money. At least you do not lose as much as you did before . ( I hope)

Go look in the mirror . You are not Richard Russell , Richard Wyckoff , Bill O'Neil or one of the great gurus of the market. All of them , every minute of his life dedicated to understanding the market . Everyone has been very successful and each has a different way of dealing with the trade . Can you make a copy of them ? It is very doubtful .

These great teachers can help you , but you need to develop your own. Method and style of investment Whether it is long term or short term it should be something that you are resonating . When I was a floor trader were trading thousand boys and I know there were a thousand different guidelines . No one had the same buy or sell signal . If they all followed a pat on the program they would all buy and sell at the same time , so it could not work .

I was in the pit and watched the same person offer to buy and when there was no seller would he offer usually sell at the same price . Yes , he was scalping for one or two ticks, but he knew what he was doing , even if it seemed strange . A friend of mine could buy arbitration by standing in the middle of the pit and hit gold and sells those disabled by one or two ticks because they do not because of the noise of other traders who were shouting their bids could hear each other.

You can look at the basic trading style of one of the ' greats ' , but you need it to your method. I have not seen anyone able to exactly copy a trading program successfully . You will improvise and find a slightly new approach that is " yours " . It then becomes a part of your mobile being. It works for you and probably will not work for someone else .

If the programs the hype masters sells work so well why are not there more rich merchants ? And if the programs are so damn good why tell them?

To be a successful trader, you can not copy an existing program to be cat but you can take a simple trading vehicle and customize your own plan . Put that in your cat tiger .

Al Thomas ' book , "If it does not go up , do not buy ! " Has helped thousands of people make money and keep their profits with his simple 2 - step method . Read the first chapter at  and discover why he's the man that Wall Street does not want you to know .