Serving a trading apprenticeship The Wyckoff method of trading stocks part 13 by Jack K. Hutson Anyone studying the stock market intends to remove themselves from the ranks of the public that dabbles with luck as their foremost rule of operation. A true student of the market doesn't graduate into actual trading before completing a self-imposed apprenticeship where experience becomes the teacher. Experience hones practical skills such as the timing of trades and also builds the mental attitude that allows a trader or investor to think clearly and follow an analysis to its conclusion. If you, as a student of the Wyckoff Method, were embarking into an apprenticeship alone, experience could be a hard and painful lesson. But Wyckoff offers a comprehensive package of detours around the common pitfalls that so often sidetrack beginning technical analysts into frustration. Here, we'll discuss how to approach practical skills and later examine the mental and emotional attributes a technical analyst should encourage. |
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