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Is Stock Trading a Science? or is it an ART?
Any Guesses???
It is combination of Both.
Its is Artistic Science or Scientific Art.
If you know the Science and do not know how to execute it to take Advantage, it is of no use.
If you know how to take advantage of it, but does not understand the Science behind the market dynamics, again you cannot make money in Stock Trading.
The Science behind Stock Trading comprises of Fundamental Analysis and Technical Analysis.
The Art behind it includes your Emotional control, Discipline, Trading Principles, Trading Systems, Initiating positions with Stop loss and Profit Booking, Patience etc.
There is no substitution for Experience. But without having any knowledge about the science on which market functions, your experience will not make any sense. Because you may have 10-20 years of experience of GAMBLING and not actual TRADING.
Speculating the market can be done based on your own theories, but why do you want to RE-INVENT the Wheel. Technical Analysis has seen a lot of changes and adoption from past 100+ years and it has always been able to give ACCURATE RESULTS.
It is about the Science of Reading Charts and the ART of executing the correct orders at the RIGHT TIME and ENJOY PROFITS.
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