Tiger Woods Errors Are Able To Aid You In Stock Market Day Trading
There's a heap you can learn about stock market day trading from Tiger Woods downhill curl in status.
Tiger Woods is at the prime of his game. He's making cash all over the place.
Did you make money on your last several trades? Are you on top of the globe?
Before you explode and risk it all stock market day trading, take a second to contemplate Tiger Wood's circumstances.
Lessons Regarding Short Term Stock Trading From Tiger Woods
Don't get high and mighty with victory and think you are God and can do whatever you want. See the worth in your good calls, however also see the price in your dangerous ones. As a well-known trader once said, "The sole reason I failed to learn to create a lot of cash within the stock market at an even faster rate is that I had winning trades." In other words, most of your knowledge comes from when you make mistakes. Keep humble and don't let accomplishment go to your head.
Do not try and hide your mistakes from you spouse. Keep your wife within the circle on how you're doing within the stock market. It's her cash to. Don't lie to her concerning your string of losses and only tell her about your winners. She'll see the bank balance in due course and understand you are lying. If she catches you lying to her, her anger will be a ton worse than if you simply came clean and told her concerning your loss in the first place.
Don't suppose that throwing more cash at the problem is going to make it go away. Even though Tiger paid Rachel Uchitel $1 million dollars, it was not enough to stay her quiet. It's never going to be enough. Thinking that if only you had more cash to toss into your trading account and that will somehow magically settle your trading problems could be a formula for disaster. If you cannot build money with five hundred dollars, 1,000 is not going to help. If you cannot make money with 1,000 dollars, 10,000 is not going to help. In the end, you have got to have more winners than losers. Irrespective of how much cash you throw into your trading account, it is not going to boost your winners to losers ratio. Do not be double minded. We have a tendency to have secrets. But if you find that you're spending more time in secret land than in your reality land, you should either stop going to 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, close your position. You can invariably return and analyze where you went wrong together with your original profit thesis after you shut down your position. I am going to 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 ultimately went down and he stopped out for a fifteen percent loss on the trade. Had he stuck with his original profit thesis and not been double minded, he would have ended up with a five percent gain. Instead he had to settle for a fifteen percent loss. - 23210
Tiger Woods is at the prime of his game. He's making cash all over the place.
Did you make money on your last several trades? Are you on top of the globe?
Before you explode and risk it all stock market day trading, take a second to contemplate Tiger Wood's circumstances.
Lessons Regarding Short Term Stock Trading From Tiger Woods
Don't get high and mighty with victory and think you are God and can do whatever you want. See the worth in your good calls, however also see the price in your dangerous ones. As a well-known trader once said, "The sole reason I failed to learn to create a lot of cash within the stock market at an even faster rate is that I had winning trades." In other words, most of your knowledge comes from when you make mistakes. Keep humble and don't let accomplishment go to your head.
Do not try and hide your mistakes from you spouse. Keep your wife within the circle on how you're doing within the stock market. It's her cash to. Don't lie to her concerning your string of losses and only tell her about your winners. She'll see the bank balance in due course and understand you are lying. If she catches you lying to her, her anger will be a ton worse than if you simply came clean and told her concerning your loss in the first place.
Don't suppose that throwing more cash at the problem is going to make it go away. Even though Tiger paid Rachel Uchitel $1 million dollars, it was not enough to stay her quiet. It's never going to be enough. Thinking that if only you had more cash to toss into your trading account and that will somehow magically settle your trading problems could be a formula for disaster. If you cannot build money with five hundred dollars, 1,000 is not going to help. If you cannot make money with 1,000 dollars, 10,000 is not going to help. In the end, you have got to have more winners than losers. Irrespective of how much cash you throw into your trading account, it is not going to boost your winners to losers ratio. Do not be double minded. We have a tendency to have secrets. But if you find that you're spending more time in secret land than in your reality land, you should either stop going to 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, close your position. You can invariably return and analyze where you went wrong together with your original profit thesis after you shut down your position. I am going to 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 ultimately went down and he stopped out for a fifteen percent loss on the trade. Had he stuck with his original profit thesis and not been double minded, he would have ended up with a five percent gain. Instead he had to settle for a fifteen percent loss. - 23210
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 @ 8:56 PM
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