Proven Profits Software Review - Trading Programs

[MLEEMAROSE]

Buying or selling against the strong trend is never a smart idea. Most investors are amazed at their terrible results because they try to buy stocks on the way down, or they sell stocks on the way up. If a stock is a bargain at $75, it must be even better at $60, right? Not necessarily so. See all the fundamental data is factored into the price. Proven Profits All the earnings, and geo political and economic factors are all distilled into a one magic price, and that is the price of the stock at this current time. So if I can buy a stock $5 cheaper is that a good deal? Not really. The other thing to think about is that when a stock is moving up or down it has what we call momentum. We never know how far up or down a stock will go. Pivot points, Fibonacci lines are nice, but there is no law that says that price has to obey these laws.

The secret to trading is realizing that all the indicators in the world, or even the chart for that matter is only showing you what has happened, as the stock brokers are readily write in their disclaimers " past performance is not an indicator of future gains". See we don't know what will happen in the next day,hour or 30 seconds. http://newsletters.getresponse.com/archive/softwarereview/Proven-Pr... That is reality, and I feel that when most traders can come to terms with this fact that can start becoming profitable.