| |
| |
|
Stocks & Mutual Funds |
|
|
|
Articles and Information about Stocks and Mutual FundsNetFinancial | Institutions | LoansColleges and Universities | Search Engines What Does it Take to be a Stock Trader?
It takes a total mental commitment to the task. It becomes a complete way of life. You cannot be a part timer. You cannot work at a regular job and trade stocks successfully. When you decide to make your living this way you must be willing to work365 days a year, 7 days each week, 24 hours every day with no time off. Iknow. How do I know? As an exchange member for 17 years and a floor traderI can personally tell you there is no time off. Never. Almost every wakingmoment is given to thinking about your current positions. Where should Isell? Should I move my stop up a little more? There are 3 more trades I'dlike to make, but I need to save some extra cash in case I need it for amargin call. It is hard to pass up a trade that looks as good as XYZ, but Ihave to maintain my trading discipline. And so much more. These are just a few of the thoughts that run through your head. Youare constantly being torn by the natural enemies of fear and greed, yet youmust hold your equilibrium to try to make dispassionate decisions. The firstlaw of trading is to protect your capital so that any single trade will not haveyou going home broke. If you are working a regular job or you own a business you cannot bea trader. One or the other or both of these pursuits will suffer. When Iowned my brokerage company I did not make one single trade for 8 yearsbecause I understood the commitment necessary to be a successful trader. Why am I telling you all this? Because I don't want you to lose yourmoney in the market as so many people do and I especially don't want you tothink you can be a day trader. You can still make money in the market andbeat 90% of the Wall Street experts. Here's how. First you must learn that you CAN time the market even though yourbroker and all those "experts" will tell you that you can't. There areseveral good timing advisory services that you may subscribe to or you candevelop you own method. Second, don't believe all that horsewash about research. That isWall Street smoke and mirrors. Don't try to pick individual stocks. Stick tono-load mutual funds with a discount broker and buy only the best performingfunds during the past 6 and 12 months. When they quit being in the top 1%sell them and find new ones that are going up. There isn't enough space here to give you the details, but I want you torealize that you can safely make plenty of money in the market without devoting 365/7/24. Al Thomas' book, "If It Doesn't Go Up, Don't BuyIt!" has helped thousands of people make moneyand keep their profits with his simple 2-stepmethod. Read the first chapter athttp://www.mutualfundmagic.com and discover why he's the man that Wall Streetdoes not want you to know. Copyright 2005
MORE RESOURCES:
Stocks-Mutual-Funds - Google News |
|
|
|
RELATED ARTICLES
How To Beat The Mutual Fund Companies At Their Own Game You'd have had to be living on a desert island with no TV, newspaper or internet connection to have missed hearing about the great mutual fund scandal of 2003.The issue was that some mutual fund companies allowed certain hedge funds to engage in after-hours trading, sometimes incorrectly referred to as market timing. Lights of the Stock Market There are red lights, green lights, blue lights and spot lights. There are orange lights, pink light and flash lights. Traders, Defend Against the Dreaded Death Spiral. It has often been said that there is only two ways to get hurt really bad on a stock trade, getting caught in a "death spiral" by not using DTM: Decisive Trade Management in the way of stop loses and having a stock halted on you. Halts you have zero control over. Where Is The Rabbit? We need a rabbit!This was a pretty horrible week for the market with two 100-point days and Friday closing on the lows.During these past few days Sir Alan told us things are looking up and the economy is basically strong. Investing in the Stock Market - When To! Is really not as important as to how you invest in the stock market. And how you invest in the stock market should take into consideration what goals you are setting for that stock market investment. Picking Mutual Funds to Outperform the Market With over 6,000 mutual funds available, it may be tempting to pick funds from a popular star or index rating system. Savvy investors, however, balance multiple factors in their selection process. Money, Insanity and Wall Street Money: the most charged word in the planet. It means something to everyone. Big Buildings Can Mean Big Economic Disaster AS BUILDERS BEGIN WORK ON THE FREEDOM TOWER in New York City, to be the world's tallest building, economist Mark Thornton offers a history-based theory of the relation between super-buildings and the economy. Thornton surveyed economic performance worldwide following the completion of each of the world's tallest skyscrapers, and suggests what these events foretell. Direction It is difficult to make money in a bull market, but what do you do when you are in a bear market? In what direction should you go not only to make money but to protect what you have from loss?Almost immediately investors think what should I buy that will help me reach my financial goals? This answer may not be the one you will like. It is really not important what you buy as long as you know the rules of the game - the stock market game. When? When will the stock market stop going down and start up again? If we knew that we'd all be jillionaires. So what do you do now while stocks are going down and stealing away your money every day?What does history tell us? Here is one very interesting fact. Buying New Issues Has your broker been calling you recently with the "great opportunity" to get in on a new Initial Public Offering? With friends like that you don't need any enemies.I don't care how good this new stock offering sounds. Swing Trading Strategies Using Swing Trading Strategies and Technical Analysis when Trading Stocks to Make Consistent Trading Profits.This article is one small part of a series of lessons using Swing Trading Strategies and Technical Analysis developed by WD Gann which are designed to show how anyone can build a profitable Stock or Commodity trading business from scratch. The Next Bull Market We are already in it, but you can't see it. It doesn't look like the one we had in '99. The Information Age It is wonderful to be alive in the information age. We know in a matter of seconds the change in the value of gold in Switzerland, the death of a world leader or the birth of a peasant in Israel. Hedge Funds: the Good, the Bad, and the Ugly Alfred Winslow Jones started hedge funds in 1949. He was a pioneer of non-traditional investment strategies. Gold Fever Right now there doesn't seem to be any "gold fever". Very few are out looking to strike it rich in this sector. Stock Market Investments If there is one term over-used when talking about makinginvestments in the stock market I would think that termwould be: buy low, sell high.Buy low? Sell high? How low is low and how high is high? Ilike the term buy low, sell dear, much better! But betterstill are the terms buy and hold, and dollar-cost-averaging(buying the same stock at different prices through theyears). The Stock Market Investor's Worst Enemy Every stock market investor faces one primal enemy. An enemy so perverse, it will drive thousands of investors from the stock market through its ability to defeat even the most practiced investment strategy. Stock Market Investing: Knowing When (and when not) to Sell One of the greatest challenges of investing in stocks is developing a "sell discipline". Some of the most adept investors struggle with the decision of when to sell. Inertia One of the basic laws of physics is that a body in motion will remain in motion unless disturbed by another force. What has this to do with the stock market?For the last 2 years the long-term trend of the market has been down with a few momentary deviations.
|
|
Currency Trading | Investing | Leadership | Negoatiation | Real Estate | Stocks and Mutual Funds | Taxes home | NetFinancial | Institutions | Loans | Colleges and Universities | site map Search Engines | EZmatic | 0pops | GetSonic | TrafficFish | Health |
| © 2006 |
