Have you ever felt the need to be on guard when buying a car, major appliance, new home, or anything that involves a sales person? Or, have you ever had a career in sales which means spending weeks if not months in advanced training sessions where the entire goal of the training is how to convince someone that they should pay $1000 for something that is really worth $200? When you’re the seller, it’s almost like you’re trained to speak in deceptive code. And once you master this new language, those you are selling to naturally overpay which means profits for you.
Trading is no different. The goal is to buy low and sell high which is what I often write about with supply and demand. To buy low (at demand) however, someone needs be convinced that whatever you’re buying is worth selling at that price. Conversely, when you sell high (at supply), someone needs to be convinced that what you are selling is worth buying at that high price. The one who ends up on the right side of that equation and ends up consistently profitable is the one who can decipher “code” and understand the reality of the situation. Let me decipher some code for you here in hopes that it will have a… Continue Reading
