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CONCLUSION
Conclusion
This
concludes the Introduction to Technical Analysis.
I suggest you refer to Section Two while you
continue to explore this exciting and potentially
profitable pursuit.
A
fitting conclusion to an introduction on technical
analysis is a list of lessons I have learned,
both from others and the hard way.
- Don't
compound your losses by averaging down (i.e.,
don't keep buying additional shares at lower
prices). It is tempting to think that a
loss "doesn't count" until the
position is closed--but it does!
- Anytime
you own a security, ask yourself if you
would buy it today. If you wouldn't buy
it, you should consider selling it.
- Don't
get distracted by others' investment prowess.
Most investors only discuss their successes,
threatening your focus and confidence.
- Wise
investments aren't made with Ouija boards,
they are made using logical approaches that
minimize risks and maximize opportunities.
- Master
the basics. Most investors spend their time
looking for easy money (which is not an
easy search) instead of learning the key
factors to security prices--supply and demand.
"Opportunities
flit by while we sit regretting the chances
we have lost..."
- Jerome K. Jerome, 1889
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