| JUL 1993
Proactive Trading Thomas K. Lloyd
Proactive Trading Thomas K. Lloyd What does it take to trade successfully? Here are some guidelines for using technical analysis to pick stocks, focusing on bar charts. What is most important in order to trade successfully? Is it technical analysis, fundamental analysis, news access, discipline, dispassionate objectivity or a little of all of these? Probably a little of all. But at least one thing is certain. Whatever helps you to trade successfully encourages you to slip into a proactive mode, providing the tools you need to trade objectively, conscientiously and in an informed manner. Most trading losses stem from being in a reactive mode instead of following a set plan of action. How can you be proactive in your trading approach to the markets? It is really quite simple. The slogan is a familiar one: ""Be prepared. "" If technical analysis does anything, it prepares you for and sensitizes you to what is to come. It does so in a quantitative manner that reduces the role of emotion in decision-making. That is the key to successful trading. Proactive trading means anticipating a price movement based on a prepared analysis, not simply jumping in and hoping that a given indicator is right. Proactive trading means you have analyzed the stock, formulated an educated forecast and are prepared to act once you see that price movement you forecast unfold — and not before.
by Technical Analysis, Inc.
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.