United States Chart Company

Why Tradingis Like BaseballI’m a big baseball fan. And becauseI stand 6'5" and weigh 250 pounds,that’s true both literally and figuratively.I like to equate trading with baseball.And in the Greatest Business on Earth, Iteach my students that they should go forthe base hit.In other words, bang out single aftersingle after single. Although you’ll hit intosome outs, eventually, doubles, triples, andeven a few homers will come.Most traders do just the opposite.Which in my opinion is why so many ofthem fail: they swing for the fences, tryingto hit a home run every time.But what happens is they strike out,and strike out, and strike out. And if youstrike out too many times, you’ll be sittingon the sidelines, so to speak, watchingothers play.That’s why the chart patterns I showyou have the potential to make money: I setrealistic, achievable, profit goals. Not only do I teach you how andwhen to take your profits, I also teach you howand when to cut your losses if the tradegoes against you.I leave pie in the sky promises ofinstant mega-profits for other tradersand teachers. It’s not my style. Andif you hate losing money, it shouldn’tbe yours, either.24 AT-HOME PROFIT DIGEST