Stock Picking – You Too Can Have A System
I love reading about successful traders and investors. I do it because I am interested but I also want to learn from them too. The one thing that ma...
I love reading about successful traders and investors. I do it because I am interested but I also want to learn from them too. The one thing that makes these people stand out against the rest is their stock picking ability.
I have come to the conclusion that the only thing that these great traders have in common is their stock picking ability. Other than that, most of them seem completely different. Not just their backgrounds but also the way they think about the markets and how they interact with them.
I had an objective reading these books. Yes I enjoyed them but I wanted to learn from these traders to improve my own stock picking (which has been very questionable over the years!). But if each trader trades differently then what could I learn? I can’t follow all their systems can I? No one has the time or the ability to do that. I wondered if I should stop reading the books.
I then had a burst of inspiration. If each of these traders are using their own system to be successful then may be I could too. In fact if more than one system could be successful then perhaps I have a better chance at being successful. So I didn’t waste my time with these books in the end.
I then went back to the books and read them again. I thought not only about the traders’ stock picking systems, but also about the personality of the individuals. Their systems fitted in very nicely with their personalities. If you were going to guess which system someone was using given a list of personality traits, I am sure that you would’ve guessed right.
I think you as investor can take great heart from this. I believe that it means that you too can have a profitable stock picking system but I think that you need to customize it to fit your personality.
Are you interested in improving your skills? If yes then go to Tom’s Blog where he has lots more information to help you. Feel free to ask him any questions that you might have about .