What could be more humiliating than constantly getting the answer wrong, in your own field of expertise, time-after-time?
And not just getting things wrong, but doing so in a very public way, so everyone one can see exactly what it was you said would happen, and how wrong you actually were.
Or even worse, something massive happens – a once in a lifetime event – and you, the expert, completely miss it.
You were busy looking in the wrong direction, nose deep in your academic theories.
And the earth-shattering changes that come around as a result cost people their jobs, their homes, even their lives!
You’d feel a bit of a nitwit to say the least, wouldn’t you?
Well, it’s how the much lauded Professional Economist must feel whenever a new financial panic comes along.
All those fancy letters after their names and they just can’t seem to spot these things coming, can they?
We don’t have to kid ourselves
But it’s not really their fault, because NO ONE knows for sure what’s going to happen next.
It’s the big unspoken ‘secret’ that these modern-day fortune tellers seem so unwilling to admit.
Luckily for us, as traders, there’s no need to kid ourselves that we know what’s coming next in the markets in order to earn our keep.
We don’t have to wed ourselves to our opinions, or defend our pet theories, so there’s no need for us to scramble for cover and apportion blame when we get things wrong.
All we need to do is make ourselves available. Available to opportunity. Placing ourselves in the way of good fortune, and allowing the laws of probability to take care of us…
Buying when the market goes up, selling when the market goes down, and making more money on the trades that go your way than you lose on the ones that don’t.
That’s all there is to it!
Of course, there are certain ways to do this that are more effective than others. You can uncover these ways yourself, by spending the next four years searching and testing, or I can show you exactly how to do it all step-by-step.
More on that to come in forthcoming issues.