Know Your Investments Like the Back of Your Hand

By Rick Amorey

Investing your money can be hard, but it's also very easy. It all varies depending on how you plan to approach the business. And to me, the best way to approach it is to be free of making decisions based on one's ego. You see, sometimes our desire to be the perfect investor makes us over-think decisions before we make them.

Remember one fundamental truth that applies heavily in the world of investing: We all think in different ways. No two people utilize the exact same strategy with stocks. So, as an individual, know your strengths and weaknesses. Strive to improve on the areas which you'll need the most improvement, but always use your strong suits to invest.

Choose your playing field properly, basically. Akin to being in a game show with multiple categories, you will most likely do well in the category you have personal high aptitude in. Like, choosing the World War category, if you're a History major. Same goes for stocks, go for what you know.

If you find that you're trying to convince yourself to go buy a particular stock, in contrast, then it's probably not worth investing in at all. It's not a good idea to pretend to be smart by making all sorts of elaborate schemes that will result in those stocks becoming big gainers. If you don't know about that stock niche, then you don't know how it'll grow.

You may also be in a situation wherein the exact opposite has happened; you may have done something correct, but then got scared and talked yourself out of it. How many stories have you heard about people selling out too soon, only to miss out on a 100% gain? Or those people who've sold because of a sudden drop, only to see those stocks soar right after? If you think you know the niche of your stock well, don't be scared off that easily.

The advice I'm giving out, all in all, is centered in on one principle; do not over-think your investment. Yes, you should avoid making stupid decisions, but don't be a wise guy either, by looking at every possible problem your investments may or may not get. - 23217

About the Author:

The trading business carries no guarantee that you'll profit, and don't let anyone tell you otherwise. Rick Amorey instead suggests the comprehensive program of Emini Trading. Build up your portfolio with the help of Emini Trading System, and watch your money grow like a carefully monitored seedling.