Page 22 - THE MARKET WHISPERER

THE MARKET WHISPERER 21

The Breakthrough

Call me persistent, call me stubborn, but I wouldn’t give in. I continued
buying, selling, and losing for almost an entire year. As time passed, more
and more questions surfaced, yet remained unanswered. A year of losses
taught me one certain thing: trading is a profession like any other, and like

all professions, you need to learn to become successful. I set out looking

for help.

To be a stock trader, you don’t need a diploma. Everyone can open an

account, trade, and make pointless moves, just like I did. That’s also why

most traders fail. I knew there were those who succeeded, however, and I

believed I could find ways to become part of that group. I sought them. I

found them.
Before the Internet, trading rooms could be found throughout the United

States. This is where traders met, working together as professionals. In

today’s Internet age, most trading rooms have closed down, and activities

have moved to chat rooms which any trader can join for a monthly fee. These

rooms are where you can hear professional traders, whom we at Tradenet

call “analysts,” discuss trends, listen to their instructions, ask questions

and basically trade with them in real time without ever leaving your home.

I was so happy to join one of those trading rooms, and immediately felt like

I’d come to the right place.

What an amazing world I’d discovered. The analysts bought and sold, in
real time, successfully. Two analysts, Mark and Chris, are well known and
have become my friends. They are the people to whom I owe most of my

basic training. It seemed my path to success was paved. All I needed to do

now was to listen to the analysts and copy their moves. So simple!So why

was it so difficult?

What can be so difficult about copying a professional trader’s actions?

The answer is simple: because we all have our own level of comprehension

about what is unfolding before us, and we decide to do things differently
for our own reasons. Here’s an example: Chris buys a stock that goes up
4% today, based on his feeling that it will continue to rise, whereas I think,
“Is he crazy? He’s going to lose. It’s already gone up a lot!” Over time I saw
that whenever I couldn’t precisely understand Chris’s decision, I couldn’t
accept it either. During that period, my trades looked more or less like
this: Chris bought. I bought. I flee with my small profit, afraid to lose what
I’d already profited. Chris waits, and makes a handsome profit. In other
instances, when the stock was trending down, Chris would quickly get out,
while I would stay, hoping that it would come back to my cost. Eventually,