| REVIEW
- Putting the Pieces Together
Within
the previous 9 lessons, investors have learned some
of the most elementary and essential components of investing.
Many of these techniques are simple to understand, others
(like Candlesticks) are a bit more difficult to understand.
I used to tell my clients that Investors are similar
to Carpenters. Carpenters have many tools for the different
types of woodworking required in completing their jobs.
Investors are very similar because they use different
types of tools to accomplish their job profiting in
the markets.
One
of the hardest parts of investing is knowing which signals
to take and which signals to ignore. There is no Golden
Rule when it comes to this problem. The PFP software
application attempts to use its intelligence to gauge
the probability of any potential signal and issue a
signal. But, investors need to be aware of the types
of investment techniques they should use to better understand
and interpret the market. That is why I put together
this section and these lessons.
The
elementary concepts that are discussed herein are designed
to assist the investor understand the price activity
of the markets. Weve seen trending markets and congesting
markets, the benefits of candlesticks and the benefits
of the other investment techniques (such as the Trending
Candle / Body Reversal system), and weve seen successful
trades and non-successful trades. The bottom line is
that not every trade will be a profitable trade and
investors should use the techniques described herein
to attempt to become more profitable.
Apply
the techniques discussed herein and investors will quickly
see how these methods will assist them in investing.
Use the PFP software application and investors will
quickly see how this application will teach them to
recognize and understand the candlestick pattern formations.
Learn to switch between an Aggressive Investor and a
Conservative Investor as the market requires and investors
will quickly learn how to adjust their trading style
to the market and attempt to gain greater profits.
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