Your aim when trading the stock market is to be profitable. My aim is to help you understand how to make yourself profitable. The vast majority of traders and active investors are losers – or, at best, marginal winners. Some people pay educators up to $20,000 to help them find an edge or the secret to generating profits in the markets. They listen to poor advice, perhaps from non-licensed practitioners, and rarely take any responsibility for their own actions. If you are like many other beginners, you probably already feel as though you've been through the ringer, trying many different methods and reading any book you could get your hands on. I call this the beginner's cycle – moving back and forth between methods and ideas that just never eventuate into any concrete or consistent profits. It can be an expensive and long journey but, more importantly, it's an extremely frustrating journey that causes many to give up. While finding a trading or investing style that suits you is important, it is more important to understand and accept why profitability occurs. By the end of this book you will be thinking like a professional trader, like the business manager you should be when you trade the stock market.
Nick Radge's e-Book Successful Stock Trading is an extract from Adaptive Analysis for Stocks (the first 4 chapters). Adaptive Analysis for Stocks is adapted with only minor changes from the original title Adaptive Analysis for Australian Stocks that was originally published in 2006 by Wrightbooks.