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You are here: Home > Finance > Stocks Mutual Funds > The Secret to More Winning Trades is as Simple as Avoiding This Common Mistake |
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Casual Articles - The Secret to More Winning Trades is as Simple as Avoiding This Common Mistake
Dedicated Brand: Get the Fast Touch to Marketing Success ue of your portfolio dropped 15% to $33,203, you would automatically been stopped out, and would have locked in a profit of $8,203. I’m sure you’ll agree, that’s quite a difference!Ty Harmon is a local radio show celebrity. I admit, calling Ty a celebrity is giving liberal use to imagination, but here in southeastern Colorado, everyone knows him. His lanky southern cowboy voice sooths away the sleepers every morning, as you wake up to his quips and quotes about living the ‘country life’.Everyone knows Ty isn’t a city boy. It’s obvious. He shares his fear of crazy city drivers from the one memory of being to Denver seven years ago, he drove to the Stoc Do this with just a few of your stocks or funds, and you can see how you can easily pocket thousands of extra dollars – while simultaneously minimizing your losses. The “trailing stop” strategy is a time-proven tool for completely eliminating any emotions from dictating your investing decisions. The only problem is that it requires a lot of The Importance of a Website If you’re a normal human being, your need to feel good about yourself probably causes you to sell your winners too soon – and -- your need to avoid feelings of regret, causes you to hang on to your losers too long.As an internet junkie as I am, I came across an interesting article that definitely changed my view of the internet and the whole concept of a website and most importantly the importance of having one. There are some people out there that believe websites are a waste of time and don’t benefit you at all! Interestingly enough these people have a lot to learn.There are many articles out there that advertise phrases such as, "You don't need to have your OWN website in order At one time or another, we’re all guilty of letting our emotions dictate our investment decisions. But the only way to succeed in the market, is to keep greed, fear, pride and hope away from your trades. The most successful investors know exactly when they’re going to sell a stock, the moment they buy it. Often they use “trailing stops” which move along with the closing price of the stock. It’s a purely mechanical decision they make as an impartial observer – and never based on feelings or instincts. How many times has “fear of loss” caused you to sell a stock that brokeout the next day? Have you ever “fallen in love” with a stock – “hoping” it would breakout after an initial 10% pullback, only to end up losing your shirt? Has “greed” kept you in a stock where you wanted 50%, not 20% -- only to have the bottom drop out in a week, letting your profit dissolve into a loss? Have you ever held on to a loser because you wanted to prove your initial “instincts” were right after all? By pre-determining the maximum amount you are willing to lose on a stock or fund, you can’t really get hurt. Equally important, this simple, proven strategy keeps you in a profitable investment so you don’t sell too soon and miss out on profits. In a hypothetical example, let’s say you begin with $25,000 in a variety of stocks and funds. The first year was good and you made 25%. Now your portfolio is worth $31,250. You do the same the following year and now your portfolio is worth $39,062. Then the third year you lose 50%. That would put the value of your portfolio back to $19,531 – which is less than you started with. Just one year’s loss can wipe out two years of great gains. Now let’s say you had used the “trailing stop” strategy during these years... You had the same $39,062 at the beginning of the third year – but – you were using a 15% “trailing stop”. As soon as the value of your portfolio dropped 15% to $33,203, you would automatically been stopped out, and would have locked in a profit of $8,203. I’m sure you’ll agree, that’s quite a difference! Do this with just a few of your stocks or funds, and you can see how you can easily pocket thousands of extra dollars – while simultaneously minimizing your losses. The “trailing stop” strategy is a time-proven tool for completely eliminating any emotions from dictating your investing decisions. The only problem is that it requires a lot of 6 Keys to Effective List Building ten they use “trailing stops” which move along with the closing price of the stock. It’s a purely mechanical decision they make as an impartial observer – and never based on feelings or instincts.One of the most important things you can do online is build your own, personal list of contacts. If you build that correctly, and build a strong relationship with them, one that contains a lot of trust, that list can really be gold mine to you on down the road.We read so much online about how to sell more, and how to make our sales pages convert, etc, but the one thing I think is missing is good, effective information on how to build a solid list. Once you have a solid li How many times has “fear of loss” caused you to sell a stock that brokeout the next day? Have you ever “fallen in love” with a stock – “hoping” it would breakout after an initial 10% pullback, only to end up losing your shirt? Has “greed” kept you in a stock where you wanted 50%, not 20% -- only to have the bottom drop out in a week, letting your profit dissolve into a loss? Have you ever held on to a loser because you wanted to prove your initial “instincts” were right after all? By pre-determining the maximum amount you are willing to lose on a stock or fund, you can’t really get hurt. Equally important, this simple, proven strategy keeps you in a profitable investment so you don’t sell too soon and miss out on profits. In a hypothetical example, let’s say you begin with $25,000 in a variety of stocks and funds. The first year was good and you made 25%. Now your portfolio is worth $31,250. You do the same the following year and now your portfolio is worth $39,062. Then the third year you lose 50%. That would put the value of your portfolio back to $19,531 – which is less than you started with. Just one year’s loss can wipe out two years of great gains. Now let’s say you had used the “trailing stop” strategy during these years... You had the same $39,062 at the beginning of the third year – but – you were using a 15% “trailing stop”. As soon as the value of your portfolio dropped 15% to $33,203, you would automatically been stopped out, and would have locked in a profit of $8,203. I’m sure you’ll agree, that’s quite a difference! Do this with just a few of your stocks or funds, and you can see how you can easily pocket thousands of extra dollars – while simultaneously minimizing your losses. The “trailing stop” strategy is a time-proven tool for completely eliminating any emotions from dictating your investing decisions. The only problem is that it requires a lot of Work as a Nursing Assistant Offers Opportunity to Explore Medical Field k, letting your profit dissolve into a loss? Have you ever held on to a loser because you wanted to prove your initial “instincts” were right after all?Employment as a Nursing Assistant offers you a unique opportunity to explore many avenues of the medical field. You will primarily be working with the patients, their families, and the Nursing staff. However, it is not uncommon that you will have interactions with many other areas including physicians, X-Ray, surgery, specialists, and emergency staff.Since you will be working with so many types of individuals, having quality communication skills is a vital quality to have f By pre-determining the maximum amount you are willing to lose on a stock or fund, you can’t really get hurt. Equally important, this simple, proven strategy keeps you in a profitable investment so you don’t sell too soon and miss out on profits. In a hypothetical example, let’s say you begin with $25,000 in a variety of stocks and funds. The first year was good and you made 25%. Now your portfolio is worth $31,250. You do the same the following year and now your portfolio is worth $39,062. Then the third year you lose 50%. That would put the value of your portfolio back to $19,531 – which is less than you started with. Just one year’s loss can wipe out two years of great gains. Now let’s say you had used the “trailing stop” strategy during these years... You had the same $39,062 at the beginning of the third year – but – you were using a 15% “trailing stop”. As soon as the value of your portfolio dropped 15% to $33,203, you would automatically been stopped out, and would have locked in a profit of $8,203. I’m sure you’ll agree, that’s quite a difference! Do this with just a few of your stocks or funds, and you can see how you can easily pocket thousands of extra dollars – while simultaneously minimizing your losses. The “trailing stop” strategy is a time-proven tool for completely eliminating any emotions from dictating your investing decisions. The only problem is that it requires a lot of The Chamber of Commerce Mixer - 12 Steps to Mastery made 25%. Now your portfolio is worth $31,250. You do the same the following year and now your portfolio is worth $39,062. Then the third year you lose 50%.There is no other place that more embraces unabashed promotion than networking events such as Chamber of Commerce Mixers (sometimes called "Sundowners" or "Business After Five") or other business-oriented events. Unlike social situations, it is expected that everyone will be "talking shop", exchanging business cards and a lot of connections can be made. Most Chamber Mixers are open to the public, and they are an inexpensive way to meet a lot of people. Remember these tips when att That would put the value of your portfolio back to $19,531 – which is less than you started with. Just one year’s loss can wipe out two years of great gains. Now let’s say you had used the “trailing stop” strategy during these years... You had the same $39,062 at the beginning of the third year – but – you were using a 15% “trailing stop”. As soon as the value of your portfolio dropped 15% to $33,203, you would automatically been stopped out, and would have locked in a profit of $8,203. I’m sure you’ll agree, that’s quite a difference! Do this with just a few of your stocks or funds, and you can see how you can easily pocket thousands of extra dollars – while simultaneously minimizing your losses. The “trailing stop” strategy is a time-proven tool for completely eliminating any emotions from dictating your investing decisions. The only problem is that it requires a lot of 10 Benefits Of Having Your Own Home-Based Internet Business ue of your portfolio dropped 15% to $33,203, you would automatically been stopped out, and would have locked in a profit of $8,203. I’m sure you’ll agree, that’s quite a difference!There is nothing like having your own business and enjoying the rewards that go along with it. In this article, entrepreneurs will learn some of the greatest benefits of owning a home-based internet business. Many individuals run a successful business in addition to a day job, so don’t submit your resignation until you find out if an internet business is right for you. Whether you want to start your own eBay business, resell products from a dropshipper or operate a turnkey webs Do this with just a few of your stocks or funds, and you can see how you can easily pocket thousands of extra dollars – while simultaneously minimizing your losses. The “trailing stop” strategy is a time-proven tool for completely eliminating any emotions from dictating your investing decisions. The only problem is that it requires a lot of your time and a lot of work on an ongoing basis. If you have 25 different stocks, you may have to make 25 new calculations every single day. The GOOD news is that now there is a new software program that automatically does all the tedious calculations for you. It can prevent you from taking big hits that can hurt you – while simultaneously letting your winners ride. Plus, you can now accomplish all this in about 10 minutes a day. The program, “STOP-Master Portfolio Manager” is a great time saver. It monitors up to 50 positions in your portfolio. It automatically grabs current stock prices off the internet ... recalculates new trailing stop SELL prices as needed ... and completely updates your entire portfolio. When one of your positions hits your pre-determined SELL price, you are immediately signaled with a Pop-Up Alert. Then, simply instruct your broker to sell. No emotions. No needless losses. Greater gains. © 2004 Empire Direct, Inc. All Rights Reserved -- You have permission to publish this article electronically or in print, in your Ezine, on your Website, or in your Ebook or Newsletter as long as the Author’s Resource Box is included with the article.
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