Phoenix, Arizona May 27, 2003–Tradesight LLC, an international, on-line stock analysis service has taken distinct notice that when it comes to swing and day trading – women have definitely cornered the market!
In a largely male dominated industry, it is interesting to see the significant number of women entering into day and swing trading – an aggressive form of investing. In fact, since 2000 the number of women traders continues to rise, and they seem to be gaining the upper hand when it comes to making money. Why?
“I think much of their success has to do with their ability to control their egos – especially during this difficult market,” says Chris Mercer, Stock Analyst and owner of Tradesight.com. “Sure, trading requires consistency, hard work, and technical skill, but – bottom line, traders that do well must remain unemotional. The women that I’ve seen trading tend to have a more abstract quality.”
Mercer has found that Tradesight’s female subscribers, in general, are able to avoid having strong opinions about any one stock, which helps them remain more focused and consistent in their strategies. They are more apt to ask questions and admit when they make a mistake. They know when to get in, when to cut their losses, and when to call it a day. Mercer and others agree that women are much better at keeping egos and emotions in check.
Many of Tradesight’s women subscribers are stay-at-home moms who have an interest in the market. Some have financial backgrounds, a few are professional, advanced traders, while others are new to trading and the market. Subscribers to Tradesight.com have proven you don’t have to have years of experience to make money as a swing or day trader, but having self-discipline and a bit of humility is paramount. “I’m watching a couple of our stay-at-home moms that are new traders and they’re doing phenomenal,” adds Mercer. “I’m so pleased to be advising them and I am immensely proud of their success.”
About Tradesight.com. Tradesight.com was founded in 2002. The site offers information and education about the U. S. stock markets and individual securities and is designed for active investors and traders. While the newsletter is primarily intended for swing traders and general market directional guidance, there are trading ideas for day traders and small cap players as well. Tradesight’s stock market analysis is 100% independent of all brokerage houses and comes from 80% technical analysis and 20% fundamental analysis. Chris Mercer is a guest analyst in the Firetraders Internet Radio Chat room five days a week and is a guest column writer for various stock market industry publications. For more information visit www.tradesight.com or call 480-857-8637.