There was a post the other day at Alpha Global Investors which compared traders to photographers. The general idea to is that good photographers look for great opportunities, plan their shot, the execute, just as good traders follow a similar pattern. Of course one of the comments to the post talked about just shooting a lot of pictures and figuring at least one would be really excellent. Kind of a rifle vs. shotgun comparison.
Some trading strategies are quite like the latter approach. Trend trading systems come to mind. They tend to suffer quite a few losing positions, but operate on the basis of there being those really great trades that more than make up for all the rest.
Of course these days taking pictures doesn’t cost much. Can’t say the same about a string of losing trades. 
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About the Author
John Forman, author of this blog, has traded for more than 20 years, is a professional market analyst, and authored The Essentials of Trading. He is an active participant in trading forums, consults for trading related businesses, as published literally dozens of trading articles, and has been quoted in a number of books and in the media.
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