Understanding The Most Important Aspects Of Trading

  • January 2, 2001
  • Tom DeMark


Profitable trading is a combination of three distinct and unrelated
factors, the least important of which is a good market timing indicator or
system. Two more critical elements are money management skills and
self-discipline.

—Tom DeMark, from
New Market Timing Techniques (1997, John Wiley &
Sons, New York).

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