Stocks & Commodities V. 30:2 (50-55): Take The First Step by Tom Hamilton

Stocks & Commodities V. 30:2 (50-55): Take The First Step by Tom Hamilton
Item# V30C02_245HAMPDF
Availability: In Stock

Product Description

Take The First Step by Tom Hamilton

So you want to become a trader? Donít miss the critical first step that can make you the trader you want to be.

Surely after reading a few books and taking a course or two youíll be ready to be a profitable trader. Unfortunately, most people entering the profession of trading will give up or go broke within the first year. Itís not because they read the wrong book or used the wrong software; rather, itís that they skipped the first step: Knowing themselves. Professional traders and money managers understand that they have to find and adapt a trading strategy that will work for their own personality before worrying about the details of hardware, software, and indicators.


The critical step often missing in the process is the step of self-discovery. You must first understand how you think, how you learn, and what you enjoy. Without this knowledge, the process of researching a successful trading strategy is next to meaningless and you will likely suffer a high degree of failure before you even begin. Trading is one of the few careers where you do not need to demonstrate competency in it. Doctors, lawyers, electricians, and pilots, for example, all have to do so. With trading, however, youíll be going up against someone with more experience and more knowledge than you have, and thatís how you gain competence.

So letís start with the first step, an understanding of yourself.


Traders who look at different portfolio management techniques can quickly become convinced that active technical analysis is the best practice for their portfolio. Active technical management techniques can set them apart and give them a competitive edge. Opportunities are limitless, and so are the options to consider. But how do you manage such a portfolio? Many well-intentioned traders go right to executing tactics and skip any review of strategies.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at users can view the S&C Digital Edition in the subscriber's section on

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order