Women are often put off or assume that since they are not math geeks, they could not be good traders. I am not a math geek, but I find that picking out patterns is very interesting. While working in Human Resources, part of the job is to understand people and determine their patterns of behavior. Being able to decipher patterns so that you can predict reactions is not only useful for one on one situations such as managing people, but also for forming work groups.
I think that these skills relate directly to trading using technicals. Just take a look at a stock chart. (yahoofinance.com offers free charting) Take a quick look at BG. The high on June 2, 2009 is approx $69.50. The recent low of $54 was hit on July 8, 2009. As of today, July 23, 2009, BG is approaching it’s recent high. Will BG break above the recent high or will it hit the previous high and then turn back down to the previous low?
This is an example of how picking out patterns in stock charts may be used to predict the future. BG is now at a decision point. I would not buy, nor sell until BG decides which direction to go.
This is my idea of a good time while making money! Any interest in learning some of the basics of stock trading? Stock option trading?