Live2tradewizely

[Live2Trade]

Never fall in love with any stock because it will not last forever so taking profit is always the key in this market. One of the most common problems investors have is not knowing when to sell.

You should always have a planned exit point when you initiate a position. Enforce them with protective stops, (e.g. trailing stop, stop limit, etc.) adjusting them as prices move in your favor.

After all a gain is a gain.


Live2Trade

 

[Live2Trade]

This is what we do.

 

[Live2Trade]

This is the single most important concept you will need to learn. Humans drive markets, and markets are primarily driven by 2 basic human emotions. Fear and Greed. Warren buffet said “be fearful when others are greedy and be greedy only when others are fearful.” There is a lot of truth to that statement, and all too often we allow emotions to make our decisions for us. If we operate on that basis of allowing our emotions to rule us, we will come out with loosing trades 90% of the time. The key to being successful at mastering your emotions is to write down a trading system that works for you, and most important, to follow your rules and guidelines. Never allow yourself to become emotionally attached to a stock. This is important to remember at all times and is probably the biggest mistake you will make over and over again. If you put emotions aside, and follow your strategy, you will dramatically increase your success.