Most stock traders
are seeking a long term trading career. Despite this goal, did you
know 95 percent of all traders go broke within the first two months?
Why do investors lose vast amounts of wealth in stock markets in
such a short amount of time?
What fixation possesses the mind to walk off contributing to the
provoking horrors of debt? The content of cognition spawns this
market trader interacts in devastating forms of thinking,
which convinces the mind to the point where the stock trader believes
that an educational enhancement ability that develops superb stock
market research skills is not important. On the contrary, if trading
is not treated as other business opportunities, the new sales and
trading job will cripple the trader.
You must develop a purposeful or industrious undertaking to learn
how trading stocks online works. Would you conduct business as a
brain surgeon with out a college or university degree? I do not
think so; similarly, the same course of action holds true for trading
The secret of
my success required an earnest and conscientious effort on my part.
This action accomplished something to the point of pure boldness;
in other words, no mater how boring or non-important you think learning
how to trade stocks may be, it must be done to insure a success
company needs a business plan. Yet, when most people take a gamble
on the stock market, they fail to put a trading plan into place.
In other words, they end up going on an emotional roller coaster,
governed by how the market performs.
Without a trading
plan, the majority of traders approach the financial market in an
inconsistent manner - i.e. they follow their whims.
with no consistent approach, your trading decisions, governed by
emotions, are doomed to failure... here is why.
are faced with a losing money in the market, what do they do? Usually,
they end up rationalizing to hold on to a losing stock. The driving
force behind this is that they do not want to be wrong. They let
their ego get in the way of making profits.
LOOK! Let us
set the record straight. THIS IS A FIRM FACT - not every trade will
be a winner. You will not make the maximum profit out of every trade.
There is no Holy Grail trading system! You just need a trading plan,
which matches your personality.
When I say trading
plan, I am not talking about fundamental analysis or technical analysis
specifically, I am talking about setting up a simply a set of guidelines
to follow regardless of what stock selection method you use (sign
up below to my free ezine receive a free trading plan blueprint).