Education Learned In Short Term Stock Trading From Tiger Woods
There is a ton you'll be able to study short term stock trading from Tiger Woods downward spiral in popularity.
Tiger Woods is at the prime of his sport. He's creating cash left and right.
Did you create money on your previous few trades? Are you on top of the planet?
Before you blast off and chance it all short term stock trading, take a minute to contemplate Tiger Wood's circumstances.
Education Regarding Stock Market Day 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, but also see the price in your unhealthy ones. As a legendary trader once said, "The sole reason I failed to learn to form additional cash in the stock market at an even faster rate is that I had winning trades." In other words, most of your education comes from when you make mistakes. Keep modest and do not let victory go to your head.
Don't attempt and conceal your mistakes from you wife. Keep your wife in the circle on how you are doing in the stock market. It's her money to. Do not hoodwink her regarding your string of losses and only tell her about your winners. She'll see the bank balance eventually and know you are lying. If she catches you lying to her, her fury will be a ton worse than if you only came clean and told her concerning your loss in the first place.
Don't assume that throwing a lot of cash at the matter is going to make it go away. While Tiger paid Rachel Uchitel $one million greenbacks, it was not enough to keep 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 fix your trading issues could be a formula for failure. If you can't build money with 500 dollars, 1,000 is not going to help. If you can't build cash with 1,000 dollars, 10,000 isn't going to help. In the end, you've got to have additional winners than losers. Irrespective of how much cash you throw into your trading account, it's not going to enhance 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 need to either stop visiting secret land, or change your reality. You can't live in two worlds for long. You should never purchase a stock because of a certain profit thesis, then once that profit thesis is met, flip around and justify why you are 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 when you close your position. I'll always remember 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 dream land. The stock ultimately went down and he stopped out for a 15% loss on the trade. Had he stuck with his initial profit thesis and not been double minded, he would have walked away with a five percent gain. Instead he had to accept a fifteen percent loss. - 23221
Tiger Woods is at the prime of his sport. He's creating cash left and right.
Did you create money on your previous few trades? Are you on top of the planet?
Before you blast off and chance it all short term stock trading, take a minute to contemplate Tiger Wood's circumstances.
Education Regarding Stock Market Day 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, but also see the price in your unhealthy ones. As a legendary trader once said, "The sole reason I failed to learn to form additional cash in the stock market at an even faster rate is that I had winning trades." In other words, most of your education comes from when you make mistakes. Keep modest and do not let victory go to your head.
Don't attempt and conceal your mistakes from you wife. Keep your wife in the circle on how you are doing in the stock market. It's her money to. Do not hoodwink her regarding your string of losses and only tell her about your winners. She'll see the bank balance eventually and know you are lying. If she catches you lying to her, her fury will be a ton worse than if you only came clean and told her concerning your loss in the first place.
Don't assume that throwing a lot of cash at the matter is going to make it go away. While Tiger paid Rachel Uchitel $one million greenbacks, it was not enough to keep 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 fix your trading issues could be a formula for failure. If you can't build money with 500 dollars, 1,000 is not going to help. If you can't build cash with 1,000 dollars, 10,000 isn't going to help. In the end, you've got to have additional winners than losers. Irrespective of how much cash you throw into your trading account, it's not going to enhance 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 need to either stop visiting secret land, or change your reality. You can't live in two worlds for long. You should never purchase a stock because of a certain profit thesis, then once that profit thesis is met, flip around and justify why you are 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 when you close your position. I'll always remember 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 dream land. The stock ultimately went down and he stopped out for a 15% loss on the trade. Had he stuck with his initial profit thesis and not been double minded, he would have walked away with a five percent gain. Instead he had to accept a fifteen percent loss. - 23221
About the Author:
I expect that you will enjoy this piece on stock trading. For heaps of instructive lessons and commentary on day trading see 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 @ 10:30 AM
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