Penny Stocks and its Risks
Playing the stock market is a risky business. There are high-risk stocks and investments along with many low risk mutual funds and everything in between. When it comes to high-risk investment options, penny stocks often top the charts as some of the highest risks you will find in investment circles. Of course, they also offer some of the highest yield of any other stocks as well because the prices start so low and the sky is literally the limit. Do not get stars in your eyes however when considering penny stocks as investments because there are many that have gone before you into that type of investment and relatively few that have come back from the brink as wealthy men and women.
Of course reason is rarely a good bedfellow for ambition or dreams and the low prices of most penny stocks it’s perfectly acceptable for even the common man to have a
Click here to continue readingExposing the Slime of Stock Trading
I’ve had the opportunity to meet a lot of different stock trading experts during my fifteen year career as a stock trader. Most are great, but as with any profession, there are those that really give it a bad name. Sadly, they are the ones that can greatly disappoint a new stock trader and turn them off from the profession forever. In the hopes of warning you away for some of the slime before you go through what I did, here are a few of my experiences, and a couple suggestions for avoiding the encounters yourself.
I’ll never forget my worst experience with a stock trading service, the ultimate in “slime” and an incident that changed my life. It, finally, taught me the important lesson that some people are just in it for themselves, regardless of who they hurt along the way. It also made clear to me that I would
Click here to continue readingHow to Make Money in a Down Stock Market
One of the core questions my coaching clients have asked me over the past few months is: “Can I still make money in stocks with the market down like its been?” The answer is yes, or no, depending on the type of investments you have.
If you hold stocks, stock mutual funds, or your investment is in the standard asset allocation accounts the answer is probably no. This is because these investments are held in large, regulated accounts that don’t allow short stock positions. Therefore, if the market declines in the next 3-5 years, as it most likely will, your account will lose money year after year.
Short positions, however, will allow you to make money whether or not the market goes down. But you can only take advantage of short positions if you trade through an individual account.
If you trade through your individual account rather than a fund, it is possible to
Click here to continue readingTruths of Stock Trading
There are a lot of misconceptions surrounding the field of stock trading that trigger new trader’s fears and keep others from trying the profession at all. As a successful trader for over 15 years, I prefer to take a more positive approach and deal with the prevailing truths that exist in the field of stock trading. Here are just a few.
1.You will be rewarded from stock trading by keeping your trades low risk on a regular basis. Sure, you might miss out on some of those too good to be true, windfall trades that all the movies are centered around.But you will find that, over time, waiting and hoping for those godsend trades usually results in an insane loss that deteriorates the portfolio you worked so hard to build.Its more advantageous in the long run to keep your trades low risk and progressively profitable over time if you are earnest
Click here to continue readingHow to Optimize Your Day Trading Profits the Way the Experts Do
For the majority of people there is a bit of confusion about whether or not they actually have to take the time and effort to become a professional day trader in order to make some money at it. The great news for the masses is that it is incredibly simple to make as much money as you like, in the time that you have to devote to it. While many people are professional day traders, there are others who only make an occasional trade and instead focus mostly on other areas of their life.
Start with a budget; never just leave your decisions up to a whim. While whims are great for piercings, temporary tattoos and even hair colors, it has no place in your financial outlook. You need to instead opt for security of a budget. This will help you to ensure that you do not lose everything but rather
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