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Financial Expert Wendy Kirkland Releases “Smart Paycheck”– A Proven,High-Return Technique to Investing During the “New Normal”

Having been trading stocks and options in the capital markets expertly throughout the years,I have seen numerous ups and downs.

I have seen paupers become millionaires over night …

And

I have seen millionaires become paupers over night …

One story told to me by my mentor is still engraved in my mind:

” When,there were two Wall Street stock exchange multi-millionaires. Both were extremely successful and chose to share their insights with others by offering their stock exchange forecasts in newsletters. Each charged US$ 10,000 for their viewpoints. One trader was so curious to know their views that he spent all of his $20,000 cost savings to buy both their viewpoints. His buddies were naturally excited about what the two masters needed to state about the stock exchange’s direction. When they asked their buddy,he was fuming mad. Confused,they asked their buddy about his anger. He said,’One said BULLISH and the other said BEARISH!'”.

The point of this illustration is that it was the trader who was wrong. In today’s stock and option market,individuals can have various viewpoints of future market direction and still profit. The differences lay in the stock choosing or options strategy and in the mental attitude and discipline one utilizes in carrying out that strategy.APNews.com

I share here the basic stock and option trading principles I follow. By holding these principles firmly in your mind,they will guide you consistently to profitability. These principles will help you decrease your risk and enable you to examine both what you are doing right and what you may be doing wrong.

You may have checked out ideas similar to these prior to. Because they work,I and others utilize them. And if you memorize and reflect on these principles,your mind can utilize them to guide you in your stock and options trading.

CONCEPT 1.

SIMPLENESS IS PROFICIENCY.

It is most likely not the best when you feel that the stock and options trading approach that you are following is too intricate even for basic understanding.

In all aspects of successful stock and options trading,the simplest methods frequently emerge triumphant. In the heat of a trade,it is easy for our brains to become mentally overwhelmed. We can not keep up with the action if we have a complex strategy. Easier is much better.

CONCEPT 2.

NO ONE IS GOAL ENOUGH.

If you feel that you have outright control over your emotions and can be objective in the heat of a stock or options trade,you are either a dangerous types or you are an inexperienced trader.

No trader can be definitely objective,specifically when market action is hugely irregular or uncommon. Just like the perfect storm can still shake the nerves of the most experienced sailors,the perfect stock exchange storm can still unnerve and sink a trader very quickly. One must venture to automate as numerous critical aspects of your strategy as possible,specifically your profit-taking and stop-loss points.

CONCEPT 3.

HANG ON TO YOUR GAINS AND CUT YOUR LOSSES.

This is the most crucial concept.

Most stock and options traders do the opposite …

They hold on to their losses way too long and view their equity sink and sink and sink,or they get out of their gains too soon only to see the cost increase and up and up. With time,their gains never cover their losses.

This concept takes time to master correctly. Reflect upon this concept and review your past stock and options trades. If you have been unrestrained,you will see its fact.

CONCEPT 4.

HESITATE TO LOSE CASH.

Are you like most novices who can’t wait to leap right into the stock and options market with your cash intending to trade as soon as possible?

Take stock and options trades when your strategy signals to do so and avoid taking trades when the conditions are not satisfied. Exit trades when your strategy says to do so and leave them alone when the exit conditions are not in place.

The point here is to be afraid to throw away your cash because you traded unnecessarily and without following your stock and options strategy.

CONCEPT 5.

YOUR NEXT TRADE COULD BE A LOSING TRADE.

Do you definitely think that your next stock or options trade is going to be such a huge winner that you break your own finance guidelines and put in everything you have? Do you remember what typically takes place after that? It isn’t quite,is it?

No matter how confident you may be when entering a trade,the stock and options market has a method of doing the unexpected. Therefore,always stick to your portfolio management system. Do not intensify your expected wins because you may end up intensifying your very real losses.

CONCEPT 6.

GAUGE YOUR PSYCHOLOGICAL CAPABILITY BEFORE INCREASING CAPITAL OUTLAY.

You know by now how various paper trading and real stock and options trading is,do not you?

In the very same way,after you get used to trading real cash consistently,you discover it extremely various when you increase your capital by ten fold,do not you?

What,then,is the distinction? The distinction is in the emotional problem that comes with the possibility of losing a growing number of real cash. This takes place when you cross from paper trading to real trading and also when you increase your capital after some successes.

After a while,most traders understand their maximum capacity in both dollars and emotion. Are you comfy trading as much as a couple of thousand or 10s of thousands or numerous thousands? Know your capacity prior to devoting the funds.

CONCEPT 7.

YOU ARE An AMATEUR AT EVERY TRADE.

Ever seemed like a professional after a couple of wins and after that lose a lot on the next stock or options trade?

All specialists respect their next trade and go through all the proper steps of their stock or options strategy prior to entry. Never ever deviate from your stock or options strategy.

CONCEPT 8.

YOU ARE YOUR FORMULA TO SUCCESS OR FAILURE.

Ever followed a successful stock or options strategy only to fail severely?

You are the one who determines whether a technique fails or is successful. Your personality and your discipline make or break the strategy that you utilize not vice versa. Like Robert Kiyosaki says,”The investor is the liability or the property,not the investment.”.

Understanding yourself first will cause ultimate success.

CONCEPT 9.

CONSISTENCY.

Have you ever changed your mind about how to execute a technique? You end up catching absolutely nothing but the wind when you make modifications day after day.

Stock exchange changes have more variables than can be mathematically created. By following a proven strategy,we are assured that someone successful has actually stacked the chances in our favour. When you review both winning and losing trades,identify whether the entry,management,and exit satisfied every criteria in the strategy and whether you have followed it precisely prior to altering anything.

In conclusion …

I hope these basic standards that have led my ship of the harshest of seas and into the best harvests of my life will guide you too. All the best.

Show upon this concept and review your past stock and options trades. Take stock and options trades when your strategy signals to do so and avoid taking trades when the conditions are not satisfied. Do you definitely think that your next stock or options trade is going to be such a huge winner that you break your own cash management guidelines and put in everything you have? No matter how confident you may be when entering a trade,the stock and options market has a method of doing the unexpected. All specialists respect their next trade and go through all the proper steps of their stock or options strategy prior to entry.

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