There are stock market sites and blogs that tell you how you can earn from just a small cap investment. Of course, anyone who wants to get rich would understandably jump at the opportunity. But getting rich is not a quick scheme and no get-rich-quick books will tell you that it happens overnight. It does not happen overnight. Even if you think you have the most reliable penny stock listing in the world, it still does not guarantee financial wealth.
Many people get the misconception that millionaires, or at least those who are better off got luck. Luck has only a little to do with it. It’s all hard work. There are even people who life a low profile lifestyle but have fat bank accounts. Then there those who claim that they got rich because they have a dependable penny stock listing and they want you to try it.
Don’t get fooled by this hype. Today there are so many opportunists who would do anything to get a piece of your savings. The penny stock market is one of the attractive avenues for them. If you want to get rich from your penny shares, follow these tips:
- Do not spend beyond your means. Always keep in mind that the general rule of thumb is always to buy shares at low price. When the value appreciates and when the time is right, sell it. But do not use up too much of your savings. Just allocate portion of it. A safe margin would ten percent. And spend only for the list that you personally picked and not from those who suggested it to you.
- Learn and master the basic language, the slangs and the major concepts of the trade. Any penny stock listing is useless if you don’t know how to translate them. And to do that, you have to understand the back and front ends. Along that path you will be encountering so many stock market terms that may be alien to you. Terms like the PE ratio, ticker signs, liquidity, etc. Understand them and learn them by heart.
- Have a realistic commitment of your investment money. Your stock list is supposed to showcase the hot stocks to bid. However, the list can change overnight. What is hot today may not be hot tomorrow and that happens all the time. Always double check on which penny stock you think is most likely to expect profit for you.
- Learn about the trade continually. Your penny stock listing cannot exist alone. It needs partners. Because in this business, the survivors are not the rich, the smart, and the strong. The successful investors are those who keep track of constant changes. These are the stock market trends.
In reality, what makes you rich is not because you have a penny stock listing that guarantees success. What success means is dependent on how much work you are willing to put in your business. The ingredients to success are knowledge, rational analysis, and a roster of facts. If you want to be rich is really all up to you.
Posted in Buying-Stocks, Day-Trading, Managing-Stocks, Penny-Stock, Stock-Analysis, Stock-Investment, Stock-Market-Tips, Value-Investment | No Comments »
January 16th, 2008 by admin
Day TradingTrading to Win
Trading for your life
The urge to learn is the urge to win, and this urge to compete to win belongs to everyone.
When you win, you satisfy your brain (dopamine, the chemical released in response to winning) and you feel good, having pleasurable emotions and conversations.
This drive to win is found in every cell of your being and underlies everything you do. It’s at the core of every business, every relationship, and every sporting game, including the game of day trading - and, you got it, the Day Traders Win game.
The drive to win is foremost the drive to survive (procreate and replicate – the continuation of the species). We do whatever we need to do to survive (win) - to stay alive long enough to pass on our genes, knowledge, and wealth - fighting, at times, to the death over mates, knowledge (insider information, technology), and money.
We live competitively to fulfill our purpose – to survive, to learn, to have our needs and aspirations realized - then we use our success to help others survive, learn, and have their needs and aspirations met.
Should you buy into this philosophy, you can easily see that every aspect of living is about games. From the moment of life to the moment of death, all we experience is about games - rules (principles, values, and policies), winning or losing. Oh, and in the middle, when we take a break from the winning and losing experiences, we find a peaceful state (sleep, meditation, nature, art, fun, and so on). All three must be present - winning, losing, and rest - for success in any game.
The trading game is no different. So, what distinguishes what we do? We learn to lose with dignity and power. We learn to win with humility and power. And, we learn to take care of ourselves in between the two. Simple, yes?
The challenge of learning and serving, the big game, is what makes life worthwhile. That’s what our business is all about. That’s what your trading and your life can be all about.
Yet we are never 100% satisfied. We always want more - to learn more, have more, and win more. Winning helps us come close to being fully satisfied. As winning is temporary, we always want more—in golf, in tennis, and while trading stocks
Real satisfaction is the result of solving problems (learning), contributing with people (serving) = winning (whatever you choose to do in life).
Winning, whatever your endeavor, keeps you feeling alive.
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Trading to Lose - trading with your emotions
Conversely, the fear of losing brings on unpleasant feelings of trader insecurity, anxiety, and stress.
Your nervous system releases another chemical (adrenaline) giving us a need to fight (trade recklessly) or to take flight (exit a winning trade before the real profits, or quit trading (by choice or by “blowing out” another account) altogether.
As we know, while trading, fear both prevents/delays an entry and you exit trades prematurely.
Trader resentment and anger in losing makes you want to recklessly get your money back - to get even.
All of these emotional distractions are drains on our energy and cause negative, disabling stress.
As you know, too much negative stress weakens the immune system, overburdens the heart, and, yes, excess stress can kill you.
In addition, excess negative stress, like post traumatic stress syndrome (Vets returning from Iraq), the brain will just close down. We don’t want to go there in this conversation.
Stress is as common as breathing. You want to rid yourself of stress, lop your head off.
Now managing stress is another matter. First, you want to distinguish between positive stress and negative stress. Then, you deal with any negative trading stress to be able to win. You know that.
Dealing with negative trading stress (losing) while enhancing positive trading stress (winning) is what we are here for - to quickly and powerfully help traders manage who they are while you are trading stocks. By the way, you learn to do this well while trading, you will find yourself doing this in all other areas of your life.
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Day Trading - Losing
There is no other trading game I know of than the Day Traders Win game where winning and losing can be so rewarding. (not trading futures, not trading options, not swing trading, not investing, not commodities or any other trading venues –just day trading stocks).
“What are you nuts, losing is rewarding?”
Yes, rewarding.
Our way of losing is so infrequent, so temporary, and we learn to make it so insignificant. You are now open for more opportunities to win.
Saying this another way. When we lose a trade in our game, it’s small, fast, and fleeting - as we are now free emotionally and financially to move on to win again.
You learn to lose small with us and you’re out - no brooding, no pain, no suffering - losing becomes just another step toward winning.
By the way, learning to lose like this may seem simple enough to do on your own - I don’t recommend it.
It would be like learning to drop volley in tennis or successfully exiting sand traps in golf - on your own. Not Possible. Not going to happen. All champions have an objective observer with proprietary game strategies, guidance, and support to get you to—and stay on top of - your game
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A little more Trading Philosophy
The urge to win, to feel “alive” is why we learn.
We learn to survive and strive; yet our brains are never totally satisfied no matter how much success - winning. We learn to be good at something to offer
It’s not even possible to be fully satisfied. So winning is about learning - so we can get what we want, then help others learn and win to get what they want.
Winning and losing is the ongoing, never-ending game of life that, when more become aware of life’s simplicity, this world can become a much better place for all to live in, win, and feel alive.
To win/feel alive trading stocks is why we risk. We risk to win – at the casino, at war, in relationships, in business, and in the game of day trading.
Yes, winning, trading stocks, is addictive.
“Why?”
Trading is about living fully, in the moment, on the edge with risk, awake with emotions, fully engaged in the game to win, and while trading, to win - period. While trading, is not about the money, the accumulation of wealth, the philanthropy—it’s all about winning!
Learning to trade masterfully, your trading can become your source of financial power for all that matters in and for the rest of your life - your energy, health, dignity, relationships, serving others, and whatever you set out to accomplish and who you choose to serve.
Your quest for success, the need to be challenged - the urge to learn and win - and the urge to win while trading stocks - is all about being fully human—alive.
Done well, your life feels full and you come alive - winning.
By the way, we know of no other game on the planet that allows as much winning as our game - the Day Traders Win game.
Web Site:
www.DayTradersWin.com
Learn to Consistently & Profitably Win - Learn to Earn Thousands a Day - Trading Stocks
By: DayTradersWin
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January 16th, 2008 by admin
When it comes to day trading stocks there is a mixed notion amongst the investors as well as common people who are contemplating of getting into stock trading. Day trading is basically a type of short term trading that is completed within a day’s time. That means you have a few hours to buy and sell the stocks and hence day trading stocks are essentially considered to be the forte of the experienced stock market investors. As you get only a few hours to make up for the loss, if there is any, the risk factor of day trading is higher than conventional long term share trading. But as there is more risk involved you always get more profit from day trading if you consider the time span of the investment that you make for buying the stocks. So, the bottom line is there are pros and cons of day trading and here we are trying to focus on some of them.
Positives of day trading –
- Day trading gives you the freedom of working on your terms. You can do by yourself the trading online and get the result on that very day. There is no waiting and long-term risk factor involved.
- As you get back the money each day after the market is closed you can always start fresh the next morning. So, with day trading you can try wide range of stocks and benefit from definite and short time gains and tips that too with significantly little money in your account.
- Stock trading companies offer the day trading facilities in significantly lower brokerage rate. Especially online stock brokers charge really little brokerage for buying and selling stocks online. So, while dealing in day trading stocks you can make more profit if compared to long term trading where the brokerage rate is relatively higher.
- Moreover, with lower brokerage you have fewer burdens and can take quick decisions after the stock is moved upward, while in long term trading you have to wait to sell the stock until it gets you profit after meeting the higher brokerage.
- While doing day trading you can always make profit from stocks that are not so promising but showing steady progress however small amount it is. While in case of long term trading you cannot really depend on such stocks that do not have long term potential.
Like any good thing in life day trading also comes with some negatives and here are some of them along with some effective solutions to these problems.
Day trading gives you only a few hours to make the corrections. Simply because the lifespan of the day trading is shorter, you run the risk of losing on a certain stock that falls after you have bought them. The situation worsens if there is no sign of betterment even at the end o the day. But you can even make up for the loss by buying the same stock in lower price on long term basis and waiting for the stock to regain. It’s simply buying time for your investment.
Sudden news can affect the stock market that have a deeper impact on the day trading as you cannot wait for the market to get better. Then this is true for any form of stock market trading and it is not a typical problem for the day trading. To avoid such situations you need to have comprehensive knowledge of the industry and keep regular watch on the stock market.
By: Amit Malhotra
Article Directory: http://www.articledashboard.com
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