Truths of Stock Trading
There are a lot of misconceptions surrounding the field of stock trading that trigger new trader's fears and keep others from trying the profession at all. As a successful trader for over 15 years, I prefer to take a more positive approach and deal with the prevailing truths that exist in the field of stock trading. Here are just a few.
1. You will be rewarded from stock trading by keeping your trades low risk on a regular basis. Yes, this approach will cause you to miss out on one or two bonanza jackpot trades that the media portrays to be every day opportunities. But you will find that, over time, waiting and hoping for those godsend trades usually results in an insane loss that deteriorates the portfolio you worked so hard to build. Its more advantageous in the long run to keep your trades low risk and progressively profitable over time if you are earnest about making money at stock trading.
2. Trading does not have to take all day to be a lucrative profession. It does not have to be a nine to five job. However, please don't get the wrong impression. I'm not implying that stock trading is another make money while you sleep angle. It takes work and commitment to master the procedures needed to accomplish success at stock trading. But, by using GAP trading capably, I trade for two to four hours per day, plus one more hour of prep time. And, I earn a great living. With the right process, this success story can be yours as well.
3. The experiences of other successful traders who have "gone before" you can speed up your success tremendously. Don't start from scratch because it will take you 10 or more years and a lot of money to make all the mistakes others have already made. It is just smart business to use the knowledge of others. How many times do we hear "don't reinvent the wheel", then turn around and do just that? Instead, read books by successful traders, take classes, find mentors, and use the wisdom of others to make your road more pleasurable and secure.
Stock trading is often portrayed as mysterious and hard for "regular guys" to understand. Take it from a "regular guy", that perception is not right. With the right systems in place and a working knowledge of the basic truths of stock trading, anyone can be successful. - 23217
1. You will be rewarded from stock trading by keeping your trades low risk on a regular basis. Yes, this approach will cause you to miss out on one or two bonanza jackpot trades that the media portrays to be every day opportunities. But you will find that, over time, waiting and hoping for those godsend trades usually results in an insane loss that deteriorates the portfolio you worked so hard to build. Its more advantageous in the long run to keep your trades low risk and progressively profitable over time if you are earnest about making money at stock trading.
2. Trading does not have to take all day to be a lucrative profession. It does not have to be a nine to five job. However, please don't get the wrong impression. I'm not implying that stock trading is another make money while you sleep angle. It takes work and commitment to master the procedures needed to accomplish success at stock trading. But, by using GAP trading capably, I trade for two to four hours per day, plus one more hour of prep time. And, I earn a great living. With the right process, this success story can be yours as well.
3. The experiences of other successful traders who have "gone before" you can speed up your success tremendously. Don't start from scratch because it will take you 10 or more years and a lot of money to make all the mistakes others have already made. It is just smart business to use the knowledge of others. How many times do we hear "don't reinvent the wheel", then turn around and do just that? Instead, read books by successful traders, take classes, find mentors, and use the wisdom of others to make your road more pleasurable and secure.
Stock trading is often portrayed as mysterious and hard for "regular guys" to understand. Take it from a "regular guy", that perception is not right. With the right systems in place and a working knowledge of the basic truths of stock trading, anyone can be successful. - 23217
About the Author:
W. Alan Gay has been a stock trader and trainer for fifteen years. His free report describes Alan's journey to becoming successful at trading stocks and gives useful techniques he and his students have used to consistently trade profitably. Click to obtain a free copy of his report and learn more about how you could be trading stocks profitably in as little as fourteen days.
posted by X - Men @ 2:03 AM
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