Dear Trader,
Today, I’d like to talk to you about the thing that keeps us from moving forward as successful traders - emotions. Emotions remain one of the larger enemies of efficient stock trading.
When trading stocks, you never want to trade with emotions. Most of the times, this emotions appear in a way of greed and fear. I’m sure you already heard a lot about them.
The worst thing you can do is to freak out when your stocks aren’t doing well. If you determine when you’re going to sell a stock before you buy it, you won’t use emotion to keep riding it higher until it crashes. Emotions tend to be stronger when the market isn’t doing what was expected. It’s often at this time that common sense fails and emotions take over. This causes you to hold on to the stock longer than you should. Emotions may also cause you to invest in a stock that you just have a hunch about.
Supra Stocks prevents this by letting you know, in advance, the target for the stock you wish to trade, eliminating emotion. I also post a “best stocks list” for the week so that you don’t waste time looking for good opportunities or base your trading in hunches.
Getting victory over the emotions may always be a struggle for you, but learning to trust your plan, could guide you through those difficult moments. If you have developed your plan beforehand, and thought about what you need to do in such circumstances, and then follow it, it will enable you to keep a lot more money in the long run.
I hope you enjoyed today’s lesson,
Elliott Pearce www.SupraStocks.com
PO BOX 4120 Portland, Oregon 97208-4120