Super
Trading Strategies - Tapping the Hidden Treasure in the Markets
“So
much to know, so much to earn
So
much wisdom to seek and learn
If
we raise our hands, we’ll touch the sky
Our
beds are low, our dreams are high…” - Niyi Osundare
I was born into a poor family of
many children, and my parents struggled desperately to survive economically. I
am a first-hand witness of extreme poverty, suffering, job loss and a high
unemployment rate happening in the environment where I used to live. If you are
reading this and you think you are currently suffering, you probably did not
suffer as much as I did.
Throughout my teenage years, I engaged in hard and
exhausting manual labour to support myself and help my parents. This is one
reason why I was fortunate enough to get an education.
In spite of this, I was able to perform well at
school because I developed an intense love for reading when I was eight years
old. I liked to read anything I could lay my hands on. This has helped me gain
lots of knowledge in many fields such as electronics, computers, history,
literature, etc.
When I was a young adult, the future looked bleak
indeed! In spite of my knowledge, I was thinking of taking a loan to get a used
car for commercial driving. However, I decided to teach at private schools for
a time, for paltry pay, which managed to keep me alive.
In 2007, my uncle called me and advised me to learn
Forex trading, because it was very popular in my country at that time. I found
someone to train me, but sadly, it was a poor training, and I suffered in the
market for the next few years.
No matter what I did I was losing money, until I got
to a point where I began to think of doing something else with my life. I went
to a friend’s house and I saw an old copy of TRADERS’ magazine on his table. I
begged him to lend me the magazine.
I went home to read it and I was enthralled by what
Dr. Van. K. Tharp, who was interviewed in the magazine, said about successful
traders. There I was! So there are successful traders! What are their secrets?
What do they do differently and how might I benefit from their thoughts,
trading styles and principles?
The rest is a testimony…
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These quotes end this piece:
“The
fact is, if you are trading in a professional way, you are out of the market
much of time.” –
Andy Jordan
“Psychologists
show that most people generally are overconfident about their abilities and
about the precision of their knowledge. Security selection can be a difficult
task, and it is precisely in such difficult tasks that people exhibit the
greatest overconfidence.” - James D. Di Virgilio