In order to be successful at position trading you either have to not think at all, because you understand that you can trust the chart because price patterns and trends are created by nature, society and economics, or, think like someone who both has a lot of money, and makes a lot money. One thing I learned as a broker is that the average retail speculative account holder has the entirely wrong mind-set for what they wish to achieve. The average speculative account holder reads a lot of newspapers and blogs, works very hard, but generally doesn’t make a lot of money. The line they are most attracted to decade in and ... (full story)