How To Really Win Big In The Stock Market
- Author Mark Crisp
- Published September 6, 2005
- Word count 515
Hi, Mark Crisp
Enjoy your long weekend. I am about to take a few days vacation
my-self.
Everyone seems to be worrying about what direction the stock
market is going....in a word DON'T. Don't even concern
your-self with the day to day "noise" There's absolutely
nothing we can do about where the stock market is going to
go..so don't waste your time on it.
What-ever you do simply follow price and volume. ESPECIALLY
volume. That's the ONLY indicator you need. Don't do what
people "say" follow that they actually do.Especially the really
big volume. Institutional or big individual buying.
Look at great stocks like VPHM, NTRI, BCON where we have
profited from massively and continue to do so. No following
advice. No watching the day to day ticker here. Simply buy them
and hang on for the 400%+ moves they give you.
"THE BIG MONEY IS IN THE BIG MOVES"
Why do most people lose in the stock market? In one word
"emotions" They trade too emotionally.They react to the day day
corrections. They take profits too quickly and seek
advice..WRONG!
Look I made a trade is TZOO last year. I bought around $45 and
then watched it FLY upto $76....boy was I tempted to sell. But
being a disciplined Momentum Trader I simply HAD TO FOLLOW MY
RULES. HAD TO. FOLLOWING MY RULES IS MORE IMPORTANT TO ME THEN
MAKING MONEY!
So I then watched it fall to $50...Yep I watched $20+ in
"paper" profits disappear. Not a problem as to become a master
trader you have to be willing to give back a fair portion of
your profits in the HOPE of much bigger profits (write this
down!) And then back it zoomed to over $100. I finally got out
about $90.
My point here is you can't have the conviction to do this kind
of trading unless you have a proven system. Rules you are 100%
happy with. You must be disciplined and whatever you do..NEVER
listen to any outside advice. I'll bet my life everyone was
screaming sell TZOO at $70....$60 and $50....
This kind of trading leads to massive % moves in stocks. It
stops you from over trading as well. Have you ever bought a
stock. Made a quick 20%+ profit in it then sold. Patted
your-self on the back and said "a job well done" You then go
and trade another 2 stocks and lose 10% on each one. giving
back al your profits. Now the real sickener is the stock you
sold out of for that quick 20% profit in is now up
100%......And you feel sick. You could have made much bigger
profits by simply hanging in there. Do NOT
OVERTRADE.....another big reason people lose.
Enough from me. I hope you at least think about what I say
here. Stock trading is unlike any business in the world. It's
not about "work" as such but about managing emotions and
trading to a set method and being true to that method. Many
people struggle here....professional money managers included.
Master this and the "world is you oyster" It's your call.
Sincerely
Mark Crisp
Mark Crisp is the creator of the Momentum
Stock Trading System Making stress free huge profits trading in
stocks only 4-8 times every year.
http://www.stressfreetrading.com
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- SCOFI: Pioneering Venezuela’s Petroleum Industry for Over 65 Years
- To Understand Risk, Start By Asking What You Don’t Know
- How To Make Money On Binance: A Full Guide
- Airbnb Investment 101: Tips for New Hosts in Australia
- Indian Gold Demand Rebounds During Important May Festival
- The Investment Terrain in Crypto, Blockchain, and Web3
- Exploring Bitcoin: Corporate Giants Embrace the Cryptoverse
- The Significance of Static IP Address for Trading
- TYPES OF FOREX REGULATIONS
- Weekly Events: Avalanche & Chainlink Collaboration, CommEx Closure, And More
- Assani Elolo Ronaldo - How Bank Instruments Facilitate Gold Deals
- Crypto News: Mempool Solana Shuts Down, Police Integrate Cardano Into Their Work, WhiteBIT And FC Barcelona Launch New Course
- Is Crypto Entering 2021 Vibes?
- Bitcoin Updates All-Time High In Momentum Amid Its Scarcity
- Analyst Announces Bull Run Start, Cites Stock-to-Flow Strategy
- Weekly Crypto News: Telegram Pays Toncoins, WhiteBIT Is Now TradingView Broker And More
- undetectable banknotes
- Unlocking Financial Success: Why Successful Portfolios LLC is Your Best Advisor
- Are EVs a Threat to the Republic?
- A Deep Look Into Binance: Can It Really Be Trusted?
- Ledger Live - Most Trusted & Secure Wallet - Ledger
- Decoding the Future: Navigating the Crypto Landscape
- Don't Cry for Me General Motors
- Investing in exponential growth stocks: what can you choose
- Leveraging ChatGPT AI for Smarter Stock Market Analysis and Investments
- Shib, Doge, and Pepe Have a New Competitor: The Rise of $FUFU Token
- Unlocking Wealth: The Power of Apartment Syndication in Real Estate Investing
- 6 Reasons to Invest in Bitcoin
- Blockchain and AI Convergence: A New Era of Innovation
- Financial Planning for Small Business Owners: Tips for Success