"Bashfulness is an ornament to youth, but a reproach to old age."Aristotle
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5 Common Tax Myths That Are Costing You A Bundle
This article is based on the following 2 assumptions:1) You are a small business owner or self-employed person(including home-based businesses and part-timeentrepreneurial activities).2) You don't like to pay taxes. In fact, whenever you thinkabout paying ...
Life Insurance Explained
In the world today money is the most essential necessity of an individual's life. It is almost impossible to dwell without money. This is why a person tries to earn maximum possible during his lifetime to provide a decent living to himself and his family. ...
Solve Your Way to Millions
When I say that you can get rich (or rich enough) without lifting a finger, it probably sounds too good to be true. But then again, you can opt for other ways that would sound more realistic that it may seem. You can boost your bottom line automatically, ...
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KEEP YOUR INVESTMENT PROFITS
Have you had one of those huge investment winners - a stock that went from $2.00 to $80.00? Or any other numbers you want that gave you a gigantic percent profit?
Did you take the profit or did you watch the equity drop back down to what you paid for it? I hope you sold and kept the money. That's what it
is all about. So many times when I was a broker I have seen customers make large profits and then think they were omniscient about trading
and within a short period give back what they had made.
As a brokerage company owner I had seasoned brokers do the sane thing. One of my men made $150,000 in a short time. I called to congratulate his performance and suggested he
take a vacation from trading for a while. He said, “No, Al, I know what I am doing”. The very next month he lost $155,000. What happened?
Listen carefully as I am going to tell you one of the great truisms not found in the trading training manuals. If you are doing any trading whether in stocks, mutual funds, real estate,
currencies, whatever, this applies. Print this out, frame it and put it up on your office wall.
“Making a lot of money is just as upsetting to your mind as losing a lot of money”.
A big score destabilizes thinking. Many people want to do it again and again so they immediately plunge back into their investments with their winning cash and make bigger bets. It
is almost without exception that they become losers and give back their winnings.
For many years I have advocated taking time off after a big profit. It takes time to get your head on straight again. As a former floor trader
I would have about 6 or 8 times during the year when I made a good “hit”. Then I would immediately call my travel agent to ask where I could go for a week. I knew I must get away because my investment strategy would be clouded
by success.
Too many of the big winners seem to alter their basic trading plan because they now had a large
amount with which to trade causing them to deviate from their successful pattern. They then became losers. Because of their success their
thinking changed and they were not aware of what had happened. The trader must get away and let his emotions down.
A disturbing event, even a positive one, can alter up your thinking. If you want to keep yourinvestment profits you must keep your emotions under control.
About the Author
Al Thomas' best selling book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple
2-step method. Read the first chapter at
www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know. Copyright 2005
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8 Stocks Soaring on Big VolumeTheStreet.com(Stockpickr) -- Professional traders running mutual funds and hedge funds don't just look at a stock's price moves; they also track big changes in volume activity. Many times when above average volume moves into equity it precedes a large spike in ...and more » |
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