Fly Fishing the Stock Market: How to Search for, Catch, and Net the Market's Best Trades

CONCLUSION

You can see from this trade example that although you need knowledge, skill, and a certain level of expertise, you don't need to be an “expert” or a professional to find the success that we all seek. During my 25-month experience in the SpikeTrade group, I have analyzed, submitted, and put on a total of 94 trades—for an average gain of 264 percent (Figure 4.4), and an annualized gain of 127 percent—despite some of the most diverse, confusing, volatile, and challenging trading conditions since the Great Depression.

FIGURE 4.4 Equity curve during my membership in SpikeTrade.

Throughout the following pages, I will introduce and share with you some of the secrets that have surfaced through my “practice of trading.”

Now that we have learned what is required to be adequately equipped and have reviewed the tackle box basics, let's begin to cast a line and fish.

In Part II: Expect the Unexpected, I will take you on an expedition, showing where the best catches are, what to look for, and what to look out for.