The irony of trading and investment is we are afraid to lose money in this game. So the quest for better and more advanced indicators, subscribe to more indepth reports, update yourself in nanoseconds with the latest news and watch the gurus like a hawk in what they says or do.
On the other flip side, if we are good or lucky as some would say, we are now faced with a happy problem - ie. to take profits. I know of many who are afraid to take profits as in withdrawal and not just earning paper profits. They fear if they take out their positions, they may not get lucky again. Or what happens next ?
You see learning to enjoy your money is one way to accumulate wealth. If your wealth is properly circulated in the economy with you spending it, then hoarding it defeats the purpose of trading/investment in the first place.
Circulation of wealth is a two way traffic, you earn your money, you bless others with your spending and vice versa. When you make money from the stock market, some one on the other side of the planet probably lost his or her money to you. Like the blood flow in your body system, if it stops flowing, you are in trouble. Same goes for money.
Do you have any idea what to do when you withdraw the profits ?
Are you going to buy the TV sets that you promised your spouse 2 years ago? Or the enrichment program that you want to send your kids to ? Maybe, when the Covid-19 is over, a family trip would be nice. How much money would you need ?
And if the stock market gains can in some way finance your trips or things you want to buy, isn't that a great feeling ?
IF you keep on praying and hoping and worrying for the price to go up so that your paper gain goes from single to triple or quadruple digits, then in some way, you are doing it incorrectly. You may made these gains and that is a good thing. But we also know the market cannot goes on forever, it has to have some healthy corrections of some sort. And that is necessary before it goes up higher or lower. Do not forget the market consists of buyers and sellers and the latter would need to earn their keeps as well by selling high and buying low.
This tension in you needs to be released as our subconscious mind loves to be rewarded. The more you reward it, the more creative and better your mind gets, the more relaxed it is and it will churn out good ideas for you to trade and invest.
The beauty of investing in stocks is there are thousands and thousands of stocks for you to chose from. Say you take out all your profits from AMZN and use some of it to finance your trip. The remaining you can always re-invest back into other stocks.
Think ABUNDANCE. Like the water in the sea, just because you go daily to take a bucket out from it does not mean it will be depleted. You can take as much as you like and it will still be there the next day. Not just for you but for everyone. The challenge is do you believe ?
For those who do not,they will constantly fear the pressure to perform, the need to succeed and to succeed it fast as if tomorrow is the last day on Earth. Certain things cannot be rushed and in trading/investment, a steady, calm mind is important and necessary. Both fear and greed as we know are scary monsters that can create havoc in our results. Too much fear, we constantly procrastinate to enter the market or even to take profits. Too much greed, we take on more risks than necessary and get burnt.
Christmas is 3 months away, think of something nice that you want to get for yourself or your loved ones. Never mind if the Covid-19 is over or not, live your life to the best you can despite the external circumstances.
Like the disciples who woke Jesus up in the midst of a storm in choppy waters, they were afraid and helpless. Jesus got up, rebuked the wind and the raging storms and all was calm.
The wind and storms refer to your volatile emotions that cause upheaval in your life and you have no peace - constantly anxious and have to check the prices often. When it is green, you feel relieved but when it turned red, you got anxious then angry with yourself, choosing to blame yourself for the mistakes.
STOP IT! Stay objective and analyse the situation logically. WHY did you buy this particular stock ? Was it because it is popular, you read somewhere in the media or a source from a friend ?
And if you have done your own homework - research the company, analyse the charts, employ appropriate capital , use Stop loss, etc then your work is done. It is finished.
To be continued.......
On the other flip side, if we are good or lucky as some would say, we are now faced with a happy problem - ie. to take profits. I know of many who are afraid to take profits as in withdrawal and not just earning paper profits. They fear if they take out their positions, they may not get lucky again. Or what happens next ?
You see learning to enjoy your money is one way to accumulate wealth. If your wealth is properly circulated in the economy with you spending it, then hoarding it defeats the purpose of trading/investment in the first place.
Circulation of wealth is a two way traffic, you earn your money, you bless others with your spending and vice versa. When you make money from the stock market, some one on the other side of the planet probably lost his or her money to you. Like the blood flow in your body system, if it stops flowing, you are in trouble. Same goes for money.
Do you have any idea what to do when you withdraw the profits ?
Are you going to buy the TV sets that you promised your spouse 2 years ago? Or the enrichment program that you want to send your kids to ? Maybe, when the Covid-19 is over, a family trip would be nice. How much money would you need ?
And if the stock market gains can in some way finance your trips or things you want to buy, isn't that a great feeling ?
IF you keep on praying and hoping and worrying for the price to go up so that your paper gain goes from single to triple or quadruple digits, then in some way, you are doing it incorrectly. You may made these gains and that is a good thing. But we also know the market cannot goes on forever, it has to have some healthy corrections of some sort. And that is necessary before it goes up higher or lower. Do not forget the market consists of buyers and sellers and the latter would need to earn their keeps as well by selling high and buying low.
This tension in you needs to be released as our subconscious mind loves to be rewarded. The more you reward it, the more creative and better your mind gets, the more relaxed it is and it will churn out good ideas for you to trade and invest.
The beauty of investing in stocks is there are thousands and thousands of stocks for you to chose from. Say you take out all your profits from AMZN and use some of it to finance your trip. The remaining you can always re-invest back into other stocks.
Think ABUNDANCE. Like the water in the sea, just because you go daily to take a bucket out from it does not mean it will be depleted. You can take as much as you like and it will still be there the next day. Not just for you but for everyone. The challenge is do you believe ?
For those who do not,they will constantly fear the pressure to perform, the need to succeed and to succeed it fast as if tomorrow is the last day on Earth. Certain things cannot be rushed and in trading/investment, a steady, calm mind is important and necessary. Both fear and greed as we know are scary monsters that can create havoc in our results. Too much fear, we constantly procrastinate to enter the market or even to take profits. Too much greed, we take on more risks than necessary and get burnt.
Christmas is 3 months away, think of something nice that you want to get for yourself or your loved ones. Never mind if the Covid-19 is over or not, live your life to the best you can despite the external circumstances.
Like the disciples who woke Jesus up in the midst of a storm in choppy waters, they were afraid and helpless. Jesus got up, rebuked the wind and the raging storms and all was calm.
The wind and storms refer to your volatile emotions that cause upheaval in your life and you have no peace - constantly anxious and have to check the prices often. When it is green, you feel relieved but when it turned red, you got anxious then angry with yourself, choosing to blame yourself for the mistakes.
STOP IT! Stay objective and analyse the situation logically. WHY did you buy this particular stock ? Was it because it is popular, you read somewhere in the media or a source from a friend ?
And if you have done your own homework - research the company, analyse the charts, employ appropriate capital , use Stop loss, etc then your work is done. It is finished.
To be continued.......
Komentarz:
www.cnbc.com/2020/09...ions-in-options.html
Komentarz:
the last closing candle indicates selling pressure is not over yet. The bears camp are back to kill so bulls need to be cautious and not be too eager to re-enter the market.
Komentarz:
I hope it will drop to 2988 next support level as I would love to buy more of this great stock.
Komentarz:
Thus far, it has dropped 460 points from the peak at 3562 level. This coincides with my forecasts for Nasdaq drop as well.....
Komentarz:
when you look at the bigger picture, you would notice that a correction wave like in March 16, May 4, July 23 and the recent Sept 20 are necessary for it to build momentum to scale even higher .
