Absolutely everyone appears to be worrying about what direction the stock market is going….in a word Don’t. Do not even concern your-self with the day to day “noise” There is completely absolutely nothing we can do about where the stock industry is going to go..so don’t waste your time on it.
What-ever you do merely comply with cost and volume. Specifically volume hot penny stocks. That is the ONLY indicator you need. Do not do what people “say” adhere to that they in fact do. Specially the actually significant volume. Institutional or massive individual shopping for.
Look at good stocks like VPHM, NTRI, BCON where we’ve profited from massively and continue to perform so. No following guidance. No watching the day to day ticker here. Simply invest in them and hang on for the 400%+ moves they give you.
Why do many people lose in the stock market In 1 word “emotions” They trade also emotionally.They react towards the day day corrections. They take income also rapidly and seek assistance..Incorrect!
Look I produced a trade is TZOO last year. I bought about $45 and then watched it FLY upto $76….boy was I tempted to sell. But being a disciplined Momentum Trader I just HAD TO Adhere to MY Guidelines. HAD TO. FOLLOWING MY Guidelines IS A lot more Important TO ME THEN Making Revenue!
So I then watched it fall to $50…Yep I watched $20+ in “paper” income disappear. Not a problem as to develop into a master trader it’s important to be willing to offer back a fair portion of the profits in the HOPE of a lot bigger earnings (write this down!) After which back it zoomed to more than $100. I lastly got out about $90.
My point here is you can not have the conviction to perform this kind of trading unless you may have a proven system. Rules you might be 100% content with. You should be disciplined and whatever you do..Never ever listen to any outside tips. I’ll bet my life everyone was screaming sell TZOO at $70….$60 and $50….
This sort of trading results in enormous % moves in stocks. It stops you from more than trading also. Have you ever purchased a stock. Made a fast 20%+ profit in it then sold. Patted your-self on the back and stated “a job well done” You then go and trade an additional 2 stocks and shed 10% on every one particular. giving back al your earnings. Now the actual sickener would be the stock you sold out of for that swift 20% profit in is now up 100%……And you really feel sick. You could have made significantly larger income by basically hanging in there. Do not OVERTRADE…..yet another huge reason men and women lose.
Adequate from me. I hope you at the very least consider what I say right here. Stock trading is as opposed to any business enterprise in the world. It’s not about “work” as such but about managing emotions and trading to a set process and being correct to that method. Many people struggle here….specialist dollars managers included.