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Why traders are like photographers

Saturday, October 8, 2011 11:00

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In photography, they say that your 1001 photo will start to show that you are “improving”.

I went broke over 10 times as a trader before improving …..

Want to know everything about photography ? Thousand of web sites, blogs, books, forums.

You can say the same about trading.

I should come out with a book (empty content) with the title “Paper trade 1000 stocks” before testing the markets ; you then can fill the empty pages with notes, comments, etc.

Photography has simple rules in order to shoot a basic photo (ISO, Aperture, Shutter).

So why do experienced photographer go nuts when they see a sudden event in front of them, forget their rules, and shoot in autofocus ?

Traders, with years of experience, will go nuts on a single stock if the “story” is amazing (forgetting the basic entry levels, stop loss, etc)

Good photos can be made when you take the time to compose ; meaning ? You plan the light, the object, the scene, etc ….

Good traders take the time to follow specific stocks, (or ETFs), plan the entry, focus, and wait like a sniper.

Great photos often are the work of snipers willing to wait …..

1) Find the target

2) Plan the trade (or photo)

3) Think like a sniper

Read more at Alpha Global Investors

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Comments

Total 1 comment

Anonymous

most assuredly hell will be full of brokers and traders, along with the bankers and wallstreet, no one will miss your asses, enjoy the ride.

Oct 8, 2011, 5:25 am 0 Reply

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