This concludes the Introduction to Technical Analysis. I suggest you click on reference to continue to explore this exciting, and potentially profitable, pursuit.

A fitting conclusion to an introduction on technical analysis is a list of lessons I have learned, both from others and the hard way.

• Don't compound your losses by averaging down (i.e., don't keep buying additional shares at lower prices). It is tempting to think that a loss "doesn't count" until the position is closed--but it does!

• Anytime you own a security, ask yourself if you would buy it today. If you wouldn't buy it, you should consider selling it.

• Don't get distracted by others' investment prowess. Most investors only discuss their successes, threatening your focus and confidence.

• Wise investments aren't made with Ouija boards, they are made using logical approaches that minimize risks and maximize opportunities.

• Master the basics. Most investors spend their time looking for easy money (which is not an easy search) instead of learning the key factors to security prices--supply and demand.

"Opportunities flit by while we sit regretting the chances we have lost..."
---Jerome K. Jerome, 1889

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