Tiger Woods Downhill Fall Does Not Have To Become Yours: Short Term Stock Trading
There is a lot you'll study stock market day trading from Tiger Woods downhill whirl in popularity.
Tiger Woods is at the prime of his sport. He's making money everywhere he goes.
Did you create cash on your last couple of trades? Are you on top of the globe?
Before you explode and risk it all stock market day trading, take a moment to think about Tiger Wood's state of affairs.
Lessons Concerning Short Term Stock Trading From Tiger Woods
Do not get snobby with success and assume you are God and can do whatever you want. See the price in your smart calls, however conjointly see the value in your bad ones. As a famed trader once said, "The sole reason I failed to learn to form more money within the stock market at an even faster rate is that I had winning trades." In other words, most of your learning comes from when you make mistakes. Keep modest and don't let accomplishment go to your head.
Do not attempt and hide your mistakes from you husband. Keep your spouse in the circle on how you're doing within the stock market. It's her money to. Do not hoodwink her regarding your string of losses and only tell her concerning your winners. She'll see the bank balance ultimately and recognize you're lying. If she catches you lying to her, her rage is going to be a lot worse than if you just came clean and told her concerning your loss in the first place.
Do not assume that throwing more cash at the matter is going to make it go away. While Tiger paid Rachel Uchitel $1 million greenbacks, it wasn't enough to stay her silence. It's never going to be enough. Thinking that if only you had a lot of money to toss into your trading account and that will somehow magically fix your trading problems could be a formula for disaster. If you can't create money with five hundred dollars, 1,000 isn't going to help. If you cannot make cash with 1,000 dollars, 10,000 isn't going to help. In the end, you have to have additional winners than losers. Irrespective of how much cash you throw into your trading account, it's not going to improve your winners to losers ratio. Don't be double minded. We tend to have secrets. However if you find that you're spending more time in secret land than in your reality land, you need to either stop visiting secret land, or change your reality. You cannot live in 2 worlds for long. You must never get a stock because of a certain profit thesis, then once that profit thesis is met, flip around and justify why you're still in your position. If your profit thesis has been met, shut down your position. You can always go back and analyze where you went wrong with your original profit thesis once you shut down your position. I'll never forget a trader who had 5% as his profit thesis. When he was 6% up, he stayed in the stock and said, "This stock is going up another 5 %!" Talk about daydream land. The stock eventually went down and he stopped out for a 15% loss on the trade. Had he stuck with his original profit thesis and not been double minded, he would have ended up with a 5% gain. As an alternative he had to settle for a fifteen percent loss. - 23196
Tiger Woods is at the prime of his sport. He's making money everywhere he goes.
Did you create cash on your last couple of trades? Are you on top of the globe?
Before you explode and risk it all stock market day trading, take a moment to think about Tiger Wood's state of affairs.
Lessons Concerning Short Term Stock Trading From Tiger Woods
Do not get snobby with success and assume you are God and can do whatever you want. See the price in your smart calls, however conjointly see the value in your bad ones. As a famed trader once said, "The sole reason I failed to learn to form more money within the stock market at an even faster rate is that I had winning trades." In other words, most of your learning comes from when you make mistakes. Keep modest and don't let accomplishment go to your head.
Do not attempt and hide your mistakes from you husband. Keep your spouse in the circle on how you're doing within the stock market. It's her money to. Do not hoodwink her regarding your string of losses and only tell her concerning your winners. She'll see the bank balance ultimately and recognize you're lying. If she catches you lying to her, her rage is going to be a lot worse than if you just came clean and told her concerning your loss in the first place.
Do not assume that throwing more cash at the matter is going to make it go away. While Tiger paid Rachel Uchitel $1 million greenbacks, it wasn't enough to stay her silence. It's never going to be enough. Thinking that if only you had a lot of money to toss into your trading account and that will somehow magically fix your trading problems could be a formula for disaster. If you can't create money with five hundred dollars, 1,000 isn't going to help. If you cannot make cash with 1,000 dollars, 10,000 isn't going to help. In the end, you have to have additional winners than losers. Irrespective of how much cash you throw into your trading account, it's not going to improve your winners to losers ratio. Don't be double minded. We tend to have secrets. However if you find that you're spending more time in secret land than in your reality land, you need to either stop visiting secret land, or change your reality. You cannot live in 2 worlds for long. You must never get a stock because of a certain profit thesis, then once that profit thesis is met, flip around and justify why you're still in your position. If your profit thesis has been met, shut down your position. You can always go back and analyze where you went wrong with your original profit thesis once you shut down your position. I'll never forget a trader who had 5% as his profit thesis. When he was 6% up, he stayed in the stock and said, "This stock is going up another 5 %!" Talk about daydream land. The stock eventually went down and he stopped out for a 15% loss on the trade. Had he stuck with his original profit thesis and not been double minded, he would have ended up with a 5% gain. As an alternative he had to settle for a fifteen percent loss. - 23196
About the Author:
I hope that you will be fond of this editorial on stock trading. For heaps of learning materials and analysis on day trading checkout stock market day trading and for a illustrious editorial on how a trader makes $65K a year trading just one stock checkout short term stock trading
posted by X - Men @ 9:00 PM
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