seasoned traders say this is a process that takes about four years of frustration, elation and often, disillusionment. They weren’t kidding. Once I emerged from this “birth of fire,” I had a newfound respect for the market forces. Gone was any pretense of cockiness or self-pride. I felt almost as if I had achieved a kind of “warrior status.”
In the end, I learned that trading stocks just as they broke out was simply the most dependable way to make money I had ever been exposed to. There wasn’t any guarantee, there were still surprises, and not everything worked out exactly as planned, but when a stock’s time had come to break out, there just was no quicker way to make money.
These days, I usually begin my search for stock market gold by scrutinizing a company’s fundamentals and choosing the best of the best. Why? Because a leading company has an established track record for executing a successful game plan, and is less likely to surprise you with negative news.