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Technical Analysis Trading Methods and Techniques (Collection) by Quint Tatro, Tracy L. Knudsen, Richard A. Dickson, Ed Carlson

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Chapter 3. It’s All Opportunity

Every trader must overcome a certain psychological roadblock before ever making any true progress. That is, every trader who wants to achieve success must accept and embrace this simple yet profound truth: There is no good or bad in the market, simply opportunity. Most people misinterpret the market to be either good or bad as it relates to price action going up or down. If the market advances on a particular day, you assume that the market had a “good day.” Conversely, when the market declines, it is said to have had a “bad day.” If you subject yourself to the ebbs and flows of the tickertape without taking control of your investments, you will naturally agree with this statement because you will see your investments ...

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