Credit Card ’s Talk

The world of trading and investment can be as frustrating as it can be rewarding! You need to be prepared…

Firstly, decide if you are a trader or an investor.

An investor is someone who enters the stock market inadvertently - usually via their superannuation policies. A trader is someone who makes a decision to buy and sell shares via the stock market. This can be done online or by using the services of a stock broker.

If you decide to become a trader - to win - you must have a survival strategy…

You need to study the market yourself - not just rely on ‘reading the news’, or listening to others advice and tips.

Take advantage of technology - computers, software, electronic data - all at your finger tips. Seek out charting software and appropriate internet sites - they are plentiful.

Ensure that you ‘manage’ your money and keep some in reserve.

Have the ability to quickly identify failures as well as successes.

Stock Market trading appeals to those who are a little adventurous - rather than just placing their capital into bricks and mortar.

But - be mindful that portfolio values are less stable than real estate as they are continually moving up and down.

However - investing in the Stock Market means that you are putting your money to work - be aware, and enjoy the gains!

Gay Redmile is the webmaster of several finance and investment sites. Having been a trader for most of her adult life - she understands the importance of undertaking research and knowing the market. For further important information visit her site at http://www.thestocktradingsite.com or if commodity trading interests you check out http://www.commoditytrading.com.

Most stock traders know that momentum trading can be a very profitable activity. You can make big amounts of cash in a short period of time. The problem is, that if you don’t know what stocks to look for and how to approach them and leave everyting to chance, you could end up wasting money instead of making your profits grow.

That’s why the most important aspect of momentum trading is the knowledge FILTER you employ to make your buy and sell decisions. There are many fantastic stock systems and trading strategies outhere, but you need to test them in order to discover which ones help you the most. That’s part of your homework as a stocktrader. Test, test and test again.

Complicated online trading strategies that rely on a boat load of technical analysis indicators can make you slow, and being slow when trading hot momentum stocks can be as dangerous as not knowing what to do in the first place.

The worst thing that can happen to a beginner momentum trader is to get information overload. It’s better to go step by step, and test a simple stock trading strategy that can show you how to focus on concrete ways to make money and pick better hot stock trading opportunities once at a time.

Fortunatly there are great sites on the web today that can show you how to trade in a sharp and effective way. One of those sites is Sharp Trades http://www.sharptrades.com

In the end, momentum trading is all about buying and selling stocks according to your knowledge FILTER. Once you master and follow your proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.

Find out how to do it with ease and simplicity at Sharp Trades.

Dan Sheldon is a UK based momentum day trader focusing on US markets since 1986. He helps people become confident and practical momentum traders, showing them how to choose stocks with ease and simplicity every day at http://www.SharpTrades.com

I often play a little game with myself when I have to go shopping; to the post office or on other errands.

Sometimes I will just go about my business and make little comment or eye contact with the person serving me. Other times I will smile and talk to the person. Ask them how they are. Even make a joke!

The difference is incredible. And it is amazing what affect it has on both them and me.

If I take the effort to engage the person in a conversation and make eye contact - almost without exception their face lights up, they smile and are friendly back to me. And best of all, I feel much better.

Instead of it being just a chore, it can make the whole experience more enjoyable. And the only difference is my attitude.

Now what does this have to do with you trading the stock market?

Well, I believe that in trading your success is almost completely determined by your attitude.

If you don’t believe me, play the game I just described.

And then ask yourself, If I can affect my experience so dramatically through a minor change of my attitude in one small area of my life, surely changing my attitude in my trading will have a similar effect.

Just try it.

Look at the stock market with a negative attitude [such as the market is out to get me!. And then review the same information with the view that the market is a wonderful source of financial freedom.

Do you notice a difference?

Do you think the second view is more helpful? Do you think it might give you greater confidence and motivation? And less fear?

Now don’t get me wrong.

I am not saying that positive thinking is all you need for success. Clearly you need the necessary skills and experience to achieve anything in any area of your life.

But having the right attitude and beliefs is absolutely crucial. Because it is this that determines which actions you will take. And when.

You see the reality is that, without a positive attitude, you cannot be come a successful trader. Period. No question.

So give it a go.

Have a look at your attitudes to the stock market and trading and see if they need review.

What have you got to lose? Maybe just some limiting beliefs and attitudes that are restricting your success.

And by the way - try my little game some time!

Be nice to a cashier or a waiter or a bus driver and see what happens. Maybe even try it on someone close to you!

You will be amazed. And so will they!

David Chandler

Ordinary People Making Extraordinary Profits!

For free mini-course on stock and options trading click the following link: http://www.StockMarketGenie.com

Or visit our blog at: http://stockmarketgenie.blogspot.com/

The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn’t worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

Money creation in the stock market is made from CONCENTRATION. That’s right. Trading the very best stocks at the right time with enough capital to make a big difference.

You must go from wealth CREATION to wealth maintenance in this game. Unless you plan on investing for the next 25 years and building wealth slowly.. this is my plan of how you can make millions in the stock market:

In Darvas’s book How I Made $2 Million…

How many looked at his position sizing? In his early trades Darvas only trade 1 or 2 stocks at any one time on MARGIN! Only when he got up to over $500,000 did he start diversifying a little. Most people overlook these facts.

MY Momentum Stock PLAN:

CONCENTRATION BUILDS WEALTH
DIVERSIFICATION MAINTAINS WEALTH

END GOAL:

$2 MILLION ACCOUNT MAKING 20-30% P.A

Start with:
$50,000
Trade 2 stocks with half capital in each.

RISK Per TRADE = 5%

When at $100,000 Trade 3 stocks with 1/3
capital in each.

Risk Per Trade = 3%

When at:

$500,000 Trade 5 stocks with 1/5 capital:

Risk Per Trade = 2%

When at $2 Million Trade 8 stocks with 1/8 capital:

Risk Per Trade = 1.25%

You first have to create wealth in order to maintain it. Whilst trading only two stocks at a time may be deemed to ?risky? by the ?professionals? you must be very selective on the stocks you trade. Quality beats quantity. Especially when you concentrate so much.

This is the only way a small account can break into the big time. You must not only focus your efforts in the early stages but you must also only trade the top 0.1% of stocks in the market and get your timing SPOT ON.

Mark Crisp

A Successful Momentum Stock Trader of Over 10 Years.