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A chartist can decide to go with a technical analysis course or personal study can be their method of learning. The argument used by the chartist is "follow the other guy…he may know more than I do about the basics." The tenet followed by the chartists is "the trend goes on until it ends." Many chartists try predicting a move in the trends. Chartists are known to end up with amazing profits at one time and enormous losses the next . Chartists always worry about their aptitude to recognize the commencement of either a congestion area or a trend reversal . As trends go on, chartists stay happy . In figuring out whether a trend is going to reverse , or there is a problem with a trend or the congestion area , then unhappiness occurs to the chartist.

The chartist is quite a species . Those wiggle waggles really get chartists off. What usually happens to the chartist is that the trees block out the forest . And their toolbag isn't overfilled until clear thinking is clouded by too much information .

He continues to stare blankly at the chart for hours, without realizing what the chart has to say. His major fault here is that they try to figure out what prices are doing from the charts , instead of letting the charts know what he requires .

One suggestion : After the chartist gets out of their state of fogginess, they need to take time and write down the request from their chart . The chart is none other than the computer of facts and information , and as with a computer , you have to let it know what you want the computer to tell you , and by what criteria , and, this can only be done by a preprogrammed trading plan . A trading plan is required by the chartist and extrapolates from the chart a criteria which is palatable to his plan . Going with the investment of a technical analysis course is sound advice .

Chartists that are successful are

* a) not as likely to take a position that is long
* b) they are more likely to close out positions before receiving a margin call .
* c) not as likely if they get a margin call to put up additional margins
* d) tend to trade in various commodities and pyramid profits.

The unsuccessful chartist

* a) is likely to let losses run and cut short profits
* b) will usually be long rather than short
* c) tends to purchase on days that prices drop and sell on days prices go up . This shows that these chartists to be mainly price level traders – .

There is no track record possible on chart readers in general , but a track record is certainly feasible on the performance of any particular chartist . Until chartists are willing to subject themselves to one kind or another of track record , you can't take the claims they make seriously. The "head and shoulder" formation would be doubted by few . Yet , the reversal signal of one will flag another to go on . Quite often, if a chartist is correct usually luck was what caused his decisions to be correct. This leaves the trader incredibly aware that technical analysis course aptitude doesn't mean their trading will be competent . Chartists that lose their money don't always lose because their analysis was off but due to the fact they weren't able to turn this into practice that was sound. Getting over the gap that is between action and analysis means they have to eliminate the threats of hope, fear, and greed. This means they need to keep impatience controlled and the desire to stray away from a sound method to something new , especially when adversity is temporarily occurring .

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