It’s All About Quality Not Quantity

I recently 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. A seasoned investor like Rick Pendergraft can give you the key to making smart trades every time. Rick’s had 13 winners in the last 90 days, and he can show you how he did it. You just sit back on your comfy couch, watch his video demonstrations, consider his trading recommendations, and discover how to make your money grow.]

Inspired by his high school economics teacher, Rick Pendergraft fell in love with the markets at an early age. He entered his first investing competition at 17, and opened his first brokerage account before he finished college. At the age of 23, on the third options trade he had ever placed, Rick turned $1,800 into $22,000 in less than a week, when the company he bought became the target of a takeover. He admits it was a stroke of luck, but it was a memorable education as to the leverage that options can provide. After a ten year career in banking, Rick decided to pursue trading full-time. To get his foot in the door, he started out in the sales department at Schaeffer's Investment Research. It was not long before his talent was recognized and he was invited to apprentice under Bernie Schaeffer, one of the top options traders in the world. Rick thrived in his new position and twice received the award for "Top Trader."Rick has developed a loyal following of readers who are grateful for his timely warnings and profitable advice. He is widely recognized as a market expert and has been frequently quoted by Reuters, BusinessWeek, Forbes, USA Today, the New York Times, and the Washington Post. Rick's primary focus is on identifying short and intermediate term rising and falling trends in the major market sectors. His analysis is based on technical factors along with indicators of market sentimentRick lives near Delray Beach, FL with his wife and three children.