It’s All About Quality Not Quantity

By Rick Pendergraft
I recently [in 2008] attended an investment conference in California, and it seems I always come back from these things with new ideas to share with you. At this particular event, one of the questions I kept getting was “How often do you trade?”

I have fielded this question many times in the past, and I used to give a numerical average as an answer. But this time, I didn’t feel like giving the same old answer. What I said was “I trade as often as the market tells me to.”

Now this may sound like a smart-ass answer, but it is the truth. I don’t set minimum trade goals for myself.

Trading is about making money, not trades. So don’t get caught up in making X number of trades. If there has ever been a business where quality rules over quantity, trading would be it.

If you are just starting out as a trader, don’t worry about how many trades you make. Worry about the quality of the trades you make. And when you lose on a trade, learn something from it and move on.

[Ed. Note: The number of trades you make doesn’t matter as long as the trades you do make are smart.]
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This article appears courtesy of Early to Rise [Issue #2386, 06-19-08], the Internet's most popular health, wealth, and success e-zine. For a complimentary subscription, visit http://www.earlytorise.com/.