Stock Picking Traits
Whould you like to find out why some investors have greater success than other investors? As are most other investors. I have read so many books over the years and it is obvious to me their it is their stock picking that really makes them stand out.
Following reading these books I have drawn the conclusion that there isn’t really anything they have in common other than their superior ability at stock picking. Some started trading early, some late. Others came from privileged backgrounds while some made it out of poverty.
I did have an agenda when I was going through the books. Yes I enjoyed them but I wanted to learn from these traders to improve my own stock picking (which has been very questionable over the years!). But if each trader trades differently then what could I learn? I can’t follow all their systems can I? I can’t think of anyone who could possibly do that. I wondered if I should stop reading the books.
I was a little sad when I realised this. But then I had a new thought, something that seems obvious now. If each trader I read about was successful using a different system then there are obviously lots of systems out there for people to use. May be I could be a success?
I thought to myself that I would be able to learn more from these books following on from this insight. I went back to the books and read them again. I was able to get so much more out of them the second time around. This time I paid more attention to trader rather than the stock picking method. I discovered that the method that they were using fitted their personality perfectly.
Now if you thought that you didn’t have the ability to create a successful stock picking system then I would urge you to think again. Why can’t you? Just think about a style that suits you as a person.
Filed under: Financial Advice