Exposing 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 readingThree Myths of Stock Trading
I’ve made a living as a Stock Trader for over 15 years, and have really learned the ins and outs of the business. But I didn’t make my start at a big brokerage firm that taught me everything through slick training course. I made it through trial and error, taking seminars and classes and learning as I go.
While my self taught training may have resulted in a slower success, I know a lot more about the real world of stock trading than a lot of those investment advisors out there who only know what their employer told them. I have learned during my career that there are a number of misconceptions that people have about stock trading. Here are three of them:
First, is the myth that only certain types of people make successful stock traders. True, those folks who can analyze stock trends and “pick” the big winners are typically left
Click here to continue readingHow Do You Get Into The Day Trading Business?
In the current credit crunch environment, the best remedy for feeling alone in the market is for you to get more involved in your own investing decisions. The problem is that most individual investors do not have the knowledge, resources, or time to spend doing their own research, stock selection, execution, and position management.
The development and expansion of the internet has solved part of this problem in that the internet now provides timely information and resources, right at the fingertips of the individual investor.
Earnings reports, income statements, balance sheets, graphs, analyst research, and even Chief Executive Officers conferences are easy to get from the internet. Now, day traders have all the investment tools required to make their own investments.
However, for quite a few the issue still exists. Why? Because it doesn’t matter how much access you have to city insider software and databases if you don’t know how to use
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