| |
Online Stock Trading Strategies: The Shocking Facts
By David Jenyns
It's bad enough that just over 80% of all online investors lose money from
day one. It's even more disheartening that only a small fraction of the
remaining 20% ever make consistent profits over time.
So, why do so many online stock traders fail?
Ironically, they plan to fail!
They have no trading plan to begin with. They lack prudent judgment. They
have no concept of risk management. They don't understand volatility. They're
driven by greed or fear. They falsely believe that intuition has a part to play
in their trading outcomes.
And, worst of all,
They lack the patience and discipline to employ time proven online stock
trading strategies when they're needed most.
As a guy who also once paid heavily with his own hard earned cash for
ignoring the value of implementing sound online stock trading strategies, you
can take it from me, there are no medals for ignorance in this game!
If you truly want to succeed at online stock trading, then you need to
realize 'quick smart' that you cannot afford to be so foolhardy as to believe
that you'll get it right every time. I don't care how good you were at maths,or
how many insider traders you know.
It just aint gonna happen!
The REAL secret to online stock trading success lies almost solely in your
willingness to seek out and utilize proven, rigidly structured online stock
trading strategies – and stick to them, no matter what!
Assuming that not all of you reading this article are seasoned pros when it
comes to online stock trading, let me give you some well intentioned, light
hearted advice:
If you believe you're a brilliant trader because you doubled your money in
your first and only trade, you're deluded!
If you doubled your money in your first two trades, you're a genius and I
seriously question why you're even reading this article!.
If your next door neighbor's best friend's boss's cousin has a hot trading
tip about a penny stock that's about to 'explode', wish him well, and then go
buy a lottery ticket, because unlike the hot tip, you'll only lose TEN bucks!
If, on the other hand, you're simply hell bent on improving your trading
skills as well as arming yourself with powerful, profit pulling online stock
trading strategies, seek out an online stock trading coach and mentor who has
the credentials and patience to teach you what you really need to know.
About the Author
Discover How Nicholas Darvas, A 25 Year Old Ballroom Dancer, Turned $25,000 into $2.25 million ... A Remarkable Trader, A Remarkable Amount Of Money And Remarkably Easy. http://www.nicolasdarvas.org/
Article Source: http://www.simplysearch4it.com/article/38527.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/38527.html" as shown above and make it hyperlinked. |
| Some other articles by David Jenyns | |
| |
