Discover Proven Wealth-Building SecretsSuccessful Day-Traders use To Siphon Money From the Mammoth Money Market As If By Magic!
Did you know that panicky investors and traders have very predictable behaviour, and it's precisely this predictability that gives the successful traders their competitive edge? This website contains many valuable tips so you don´t become the victim...
Day traders thrive on excitement and this career is ideal for the person who thrives on change, stimulus, and analytical thinking. Do you? If yes, this could be a great career opportunity for you.
Day Trading can be risky, nerve-wrecking and frustrating. But when you follow the ‘rules’ it can be very rewarding – both financially and emotionally.
Day trading peaked in the 1990s shortly before the tech bubble burst of 2000/2001. Today, day trading is still practiced, but many of the earlier day trading professionals left the industry for other pursuits.
The #1 skill that sets the winners from the losers!
Many day trading professionals have lost everything because they failed to correctly gauge risk or they simply dismissed obvious signs due to greed and personal ambition.
How about you? Are you aware of all of the risks of day trading or are you simply oblivious to all that is before you? Read on and we'll examine the 3 risk factors that could hurt your ego, finances and even relationships. Let’s start with the first one…
Buy Low, Sell High - This can seem obvious, but it isn't always that easy. In some cases a day trading professional purchases a stock at let's say $34 per share and it quickly drops to 33 5/8. Already, a loss is evident.
Do you hold onto the stock or dump it before further losses are realized? As a day trading professional you only have a few hours to make your decision. Therefore, taking a small loss now may be better than suffering a big loss later as a further drop in stock price is realized.
Market Blindness - Your gut tells you to avoid purchasing a stock, but your mind says maybe. Regardless, you step out and buy shares at 9 dollars each and quickly watch the price drop to 7 3/8. How did this happen? By ignoring important cues from within. This website contains many useful tools and tips to make sure you protect yourself.
Great Greed - The company's earnings reports are expected to be better than average, but you sense that they will be historically high. In a quest to make money you purchase shares at 11 ½ and hold onto them as they rise above 12.
The news is favorable and the stock continues to rise to near 13. You begin to think, "If I only hold on for another hour, the stock will top 13 and I will have cleared a $1.50 per share." Suddenly, the stock retreats and you quickly sell. Fortunately, the final price is $12, but your anticipated profits were lost due to your great greed. What can you learn from this overlooked little fact?
Day trading risks are bountiful and can include the mentioned factors as well as laziness, ignorance, pride, selfishness, and ego. Sounds like the 7 deadly sins, doesn't it? You bet: your personal demons can drive how you respond and signal your inability to withstand risk.
Don't let day trading consume you; get a real perspective on day trading and you can limit your risk demonstrably.
A day trading professional must be able to take his lumps and not focus too much on any one stock. If you were to, you could soon find yourself dragged down to the abyss of failure and pay the consequences in the form of additional losses and lowered self-esteem.
Save the ego for the accomplishments and you will do just fine. Sometimes, that’s easier said than done.
Day trading is likely to remain an important part of the financial industry picture for years to come. As long as there is a way to make a quick profit, day traders will exploit a niche that is dear to them.
Will you enter the fray or not?
Yes, that depends on your personality type, your reaction to risk, and your willingness to lay it all on the line for a job that simply is not predictable.
Why not go over the free articles, guides and links on this website, to answer all your other questions you might have on day trading. They will help you to evaluate risks, identify “hot” stocks, master the fundamentals, use technical analysis to your advantage and more. Thanks for visiting this website and good luck!
Happy Day Trading.
Day traders thrive on excitement and this career is ideal for the person who thrives on change, stimulus, and analytical thinking. Do you? If yes, this could be a great career opportunity for you.
Day Trading can be risky, nerve-wrecking and frustrating. But when you follow the ‘rules’ it can be very rewarding – both financially and emotionally.
Day trading peaked in the 1990s shortly before the tech bubble burst of 2000/2001. Today, day trading is still practiced, but many of the earlier day trading professionals left the industry for other pursuits.
The #1 skill that sets the winners from the losers!
Many day trading professionals have lost everything because they failed to correctly gauge risk or they simply dismissed obvious signs due to greed and personal ambition.
How about you? Are you aware of all of the risks of day trading or are you simply oblivious to all that is before you? Read on and we'll examine the 3 risk factors that could hurt your ego, finances and even relationships. Let’s start with the first one…
Buy Low, Sell High - This can seem obvious, but it isn't always that easy. In some cases a day trading professional purchases a stock at let's say $34 per share and it quickly drops to 33 5/8. Already, a loss is evident.
Do you hold onto the stock or dump it before further losses are realized? As a day trading professional you only have a few hours to make your decision. Therefore, taking a small loss now may be better than suffering a big loss later as a further drop in stock price is realized.
Market Blindness - Your gut tells you to avoid purchasing a stock, but your mind says maybe. Regardless, you step out and buy shares at 9 dollars each and quickly watch the price drop to 7 3/8. How did this happen? By ignoring important cues from within. This website contains many useful tools and tips to make sure you protect yourself.
Great Greed - The company's earnings reports are expected to be better than average, but you sense that they will be historically high. In a quest to make money you purchase shares at 11 ½ and hold onto them as they rise above 12.
The news is favorable and the stock continues to rise to near 13. You begin to think, "If I only hold on for another hour, the stock will top 13 and I will have cleared a $1.50 per share." Suddenly, the stock retreats and you quickly sell. Fortunately, the final price is $12, but your anticipated profits were lost due to your great greed. What can you learn from this overlooked little fact?
Day trading risks are bountiful and can include the mentioned factors as well as laziness, ignorance, pride, selfishness, and ego. Sounds like the 7 deadly sins, doesn't it? You bet: your personal demons can drive how you respond and signal your inability to withstand risk.
Don't let day trading consume you; get a real perspective on day trading and you can limit your risk demonstrably.
A day trading professional must be able to take his lumps and not focus too much on any one stock. If you were to, you could soon find yourself dragged down to the abyss of failure and pay the consequences in the form of additional losses and lowered self-esteem.
Save the ego for the accomplishments and you will do just fine. Sometimes, that’s easier said than done.
Day trading is likely to remain an important part of the financial industry picture for years to come. As long as there is a way to make a quick profit, day traders will exploit a niche that is dear to them.
Will you enter the fray or not?
Yes, that depends on your personality type, your reaction to risk, and your willingness to lay it all on the line for a job that simply is not predictable.
Why not go over the free articles, guides and links on this website, to answer all your other questions you might have on day trading. They will help you to evaluate risks, identify “hot” stocks, master the fundamentals, use technical analysis to your advantage and more. Thanks for visiting this website and good luck!
Happy Day Trading.