Trading in Markets is a Science?

While investing and trading in any market doesn't exactly qualify as rocket science, it is technically a science that grows more imperfect as emotions get involved. The pressure of success can quickly drive one to failure if they fold easily in clutch situations.

Science can be defined in many ways but basically can be loosely broken down into this: A study that intends to prove or disprove an outcome. From here we can define whether it is an exact science or not, meaning every outcome is proven each and every time, such as mathematics. This means that Trading is not an exact science. That doesn't mean it's not a science that you practice.

As an invester do you not study the market before you enter? Do you know the outcome in advance? I bet you also subliminally created a hypothesis in your head before making your first trade. Generally speaking a trader will study the market and decide on an entry point and exit point. Then makes an educated bet on the outcome. Because no one can ever no the outcome of a market, it is impossible to predict, making it not exact. Each study/trade will give you a different result. This is similar to Dr's and Lawyers in the science umbrella as they can only practice because it is not an Exact science. Each client is different.

A main reason Trading can never be exact is because Human Emotions will always be the deciding factor in most market trends. While Human Emotion is an incredible thing, it can bring demise to anything. Imagine if no emotion was involved in the market and only logic played a part. No educated trader could ever lose. Even in a down market experts can make Big Money. Because they have Practiced for so long they have outgrown the emotional attachment to their studies. They are confident in their efficient ability to get the job done. Much like Michael Jordan in the Clutch. No emotion. Just go to work and do your thing. Trust yourself and your abilities.

What does any of this mean? It means no one is perfect. It's not an Exact Science. In order to grow, you must Practice. Exact Science only require you know the Formula. Non Exact Science requires extensive knowledge in many areas of the field, ability to think outside the box, repetition, willing to accept failure and keep trying, trying new things, patience, and so much more.

In order to be successful in trading you Must
A.) Be willing to study the markets daily!
B.) Extensive Knowledge in all markets, not just the one thing you may be invested in.
C.) You have to remain calm in the Clutch. Can't buy or sell in a rush or panic
D.) Must be willing to take Risks, Try new things. No Risk No Reward. Couldn't have Jordan if he was scared to shoot
the game winner
E.) Got to have a plan B. If the first try doesn't work, don't give up. Try plan B and go again!!
F.) Determination! Failure is not an option.

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