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 The Three Types of Traders Whey They Win & Why They Lose

By Brad Stewart

Over the many years that we have been closely involved in the field of collecting and publishing rare financial market material, I have had the opportunity to meet 1000’s of analysts and traders, and have found that those individuals who have immersed themselves into this tradition of technical analysis, and particularly Gann research, generally fall into 3 categories. First, there are those who have invested a considerable amount of time and money into their research, but who have never taken the step of actually applying it to trading, remaining primarily theoretical researchers and aspiring traders. Second are those who have invested the same cost and energy into the work, and who have also spent years attempting to become successful traders, but without ever finding the necessary Key to produce the trading results they desire. Third are the successful professional traders who have developed working applications which provide them with moderate to extreme success in the markets, enough to make trading their only or primary profession and source of income. This third category is what every aspiring trader dreams of becoming. And yet, it seems to be amongst one of the rarest of accomplishments.
In our ongoing search for new and useful material, one of the key elements we most painstakingly seek are methods and insights which will help turn these first two categories of aspiring analysts into the third category of successful traders. However, as most of you reading this well know, this is the most difficult category of teaching material to find. The reason for this is twofold. First, is that those professional traders who understand the true methods of successful trading are reticent in giving up their hard-won secrets that are the source of their income and sustenance, in part because they are afraid that public knowledge of such principles will lessen the effectiveness of the techniques in their own trading, and partly because many of them feel that success in trading is something only earned by an individual’s own effort and intelligence. When such traders do write books, such as in the work of W. D. Gann, Baumring or Andrews, they present their ideas in such a way as to make it exceeding difficult to penetrate into the true methodologies they are actually using to successfully make money in the markets. It is evident in reading such works that there are profound insights contained therein, and with much hard labor, some analysts are able to penetrate the veils and connect the missing links to understand the hidden applications, these generally being the third category mentioned above. The others scratch their heads and continue their search for the missing Key that will provide them with the success they have so long sought.