INTRODUCTION - Conclusion
This concludes the Introduction to Technical Analysis. I suggest you click on
reference to 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
"Opportunities flit by while we sit regretting the chances we have
---Jerome K. Jerome, 1889