Are You A Jack Of All Trades Master Of None?

Trading in the stock market can be very very exciting. Everyday tons of advisory services call out dozens of trades. But how many people really make money from dabbling in 10 different stocks?

Or how many people can learn 10 different trading strategies and profit from all of them?

In this short article I would like to address the issue that plagues so many traders. 

Unless you are a very experienced trader, you will not make money by doing too much in the stock market. Even seasoned traders know that the most money is made through a few trading strategies.

They become world class at 2 or 3 trading strategies and they repeat them again and again.

Here are the benefits of being focused:

  • Less work
  • Make more profits
  • Know a trading strategy inside and out

Here are the downside of having too many investing/trading strategy:

  • Getting confused
  • Doing a lot of unnecessary work
  • Losing lots of money

Trying to trade too much will eventually be detrimental to your account. It's better to be a master at something and rake in the profits slowly.

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