Stock Picking Abilities

Do you want to know what makes certain traders more successful than others? You aren’t the only one. I have read so many books over the years and it is obvious to me their it is their stock picking that really makes them stand out.

Following reading these books I have drawn the conclusion that there isn’t really anything they have in common other than their superior ability at stock picking. Some started trading early, some late. Some made it out of poverty while others cam from a rich household.

I did have an agenda when I was going through the books. Yes I enjoyed them but I wanted to learn from these traders to improve my own stock picking (which has been very questionable over the years!). But if each trader trades differently then what could I learn? I wouldn’t be able to follow every system would I? No one has the time or the ability to do that. I wondered if I should stop reading the books.

I was a little sad when I realised this. But then I had a new thought, something that seems obvious now. If each trader I read about was successful using a different system then there are obviously lots of systems out there for people to use. May be I could be a success?

I had an idea that I now be able to dig a little deeper into the books and learn a bit more. I went back to the books and read them again. I was able to get so much more out of them the second time around. This time I paid more attention to trader rather than the stock picking method. It became obvious that the systems that they were using were ones that matched their personalities.

Now if you thought that you didn’t have the ability to create a successful stock picking system then I would urge you to think again. Why shouldn’t you? Just think about a style that suits you as a person.