# Technical Analysis Course - What You Need to Know About Maxims by TechnicalAnalysisJim

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```									Technical Analysis Course - What You Need to Know About
Maxims
A technical analysis course will give you the knowledge that there is some old saying that will justify
almost anything . There is always an equally plausible maxim that seems to justify actions that are
diametrically opposed. No matter what occurs maxims are always around to provide a description .
Often traders decide to pick on that encourages their method of trading . It was stated by Orin Thevault
that according to sociologists, this is now known as "selective perception" . The trader is given some
comfort with this alibi when he deals with a smaller profit or even a loss .

The successful trader derides maxims as conventional wisdom , that don't have any value and that are
general and they are more for a random walk explanation rather than for a real plan for trading. He
knows that success as a trader includes more than the judicious choice and observation of maxims .

"Nothing is so useless as a general maxim" .
- Thomas Babington
Lord - Macaulay - 1859

In theory , if a maxim was correct all the time it would be followed to such an extent as to eliminate its
validity . Human nature is such that any valid maxims are broken with monotonous regularity . If a
good maxim is had, it doesn 't mean very much does it ? Because most people will not pay any
attention to it anyway . After all, you can't remember everything . Maybe Lord Macaulay had it right .
But there are a series of so-called maxims , which can be applied in commodity trading. Some maxims
are quite profound and should be remembered . Take you're choice . In fact , I suggest that you make
you're own collection of maxims that are good to you and repeatedly question and test them .

ESSENTIAL MAXIMS TO KEEP IN MIND

The best way you can get good results is to play a favorable game in a small scale less desirable , but
still offering a good chance of success , is on a large scale playing a game that is favorable avoiding
ruin with enough early profits . Even an unfavorable game may yield profitable results if one plays
seldom and bets heavily . The only road that is sure to end in disaster is constantly playing a game that

A good sport dies without money .

There are no sure things .

Dialog is appropriate if the mutual goal is enlightenment .

A success that is accidentaly usually ends up a failure that is accidental.

There are negative and positive aspects to winning .
The many can't accomplish what the few can do .

Along the line of least resistance is a good place to take a position.

Buy glut and sell famine .

Buy rumors - sell news .

Bears and bulls can make money but hogs cannot .

Never buy at the bottom, and always sell too soon .

In a bear market but what won't go down . In a bull market, never make a buy on something that won't
go up.

Many reactions that were healthy have ended up fatal .

Watch out for a trend when market opinion seems one sided .

Patience is very wise. Wait for potential high profits.

Don't trade often unless the plan you have requires you to often take positions.

Everyone can find fault with any maxim .

Put half your profits in a safety deposit box .

Money is easier to make than it is to keep .

While the strong and swift don't always win, you should bet that way .

MAXIMS FOR THE PESSIMIST

If it can go wrong, it will go wrong

No matter what the result, there's always someone to fake one better .

No matter what the result, there's always someone eager to misinterpret it .

When data is collected, the figure that looks correct obviously - is where a mistake will be .

It may be impossible to get a wrong number, but you can still find some way to do this.

MAXIMS ON THE FUZZY SIDE
Let profits run and cut your lossings .

( this is like encouraging someone to be happy and stay healthy. )

Buy only on down days . On up days you should only sell .

Only going to the hard knock school will give you better teaching than a technical analysis

course        .

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