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Overcome Your Emotional Attachment to Money
Source: Stockscores.com Perspectives for the week ending January 28, 2013 This week’s Trading Lesson Stock traders go through many different phases in their quest to be a master of the market. Initially, the focus is on learning how to pick good stocks to buy or short sell. Countless books may be read, classes attended, computer software…
10 Ways To "Think" Like A Successful Investor
Think Less Source: Stockscores.com Perspectives for the week ending May 26, 2012 You cannot expect to do well in the market if you look at investing in a normal way. By definition, being average is doing what most other people do and since investing is largely a psychological game, doing what other people do is…
8 Trading Mistakes You Must Avoid
8 Trading Mistakes You Must Avoid This Week’s Trading Lesson Here is a list of eight mistakes that most of us do as we work our way through the learning process it takes to be a successful stock trader. Avoid these and you will be well on your way. 1. Fail to Limit Losses I…
Don't Do it for the Money
This Week’s Trading Lesson “Anything worth doing is worth doing for money.” – Gordon Gecko, Wall Street Does Money Motivate? Depends on The Task It is generally accepted that money is a motivator; if you link pay to performance, performance will improve. For that reason, many people’s salaries vary with their performance. This is most…
10 Ways To Control Your Emotions On Wall Street
Fear and greed drive investor decisions in destructive ways. People want to buy stocks that have been going up for some time because their market performance gives legitimacy to the story. A stock that is falling sharply brings out sellers eager to get out because of their fear that the stock will go lower. You…
Timeless Wall Street Advice: Unload losers, Ride winners
Buy me 10,000- or whatever. If it goes up 1 point, buy more. If it goes up another point, call me. If it goes down 2 points, sell it. This sane, simple advice- unload losers, ride winners- became a source of enduring mystery for me: Why didn’t more investors embrace it? And why did so many…do just the opposite
