Today's Quote: “When you want to fool the world, tell the truth." Otto von Bismarck.

Many of you who are in your first year of trading have probably found some facts to be true. The market is not conquered by discovering a magical technical indicator. It is also not easily conquered just because you are willing to work at it 20 hours a day. It is also pretty frustrating to find that regardless of your education and prior success in business; the market does not care. It can give pain on an equal opportunity basis.

Maybe some of you have read the book, How I Made $2,000,000 In the Stock Market”. If you have, you probably smiled as you saw the author attempted all of the sure fire approaches to beat the market, all to no avail. You likely smiled, because it reminded you of yourself in the beginning.

Learning and studying technical analysis is key in finding strategies that you can use. Once you find and understand them, many people feel they have conquered trading. In truth, you have only completed the first step.

You see, having knowledge, a strategy and a system to put the odds slightly in your favor is great. It is necessary. However, it is not the whole package. Just like a medical student who graduates four years of medical school and wants to operate. He cannot. He must intern, take more school, and intern more. All this before he holds a knife. Was the 4 years of school wasted? Of course not. The same is true for a trader. All the study is not wasted just because the trader is having troubles shortly after taking your first seminar. There just needs to be an understanding of discipline, psychology, and some time for seasoning.

Never take the market for granted. Never think that your goal is to beat the market. Think rather, that it is your job to ride its coat tails on the days it lets you. This might help in your over all view of trading.