Whether you are investing the share market, futures marketplace, or any other trading venue, a investing philosophy is crucial because it will dictate how you make trading decisions. A terrible philosophy will inevitably lead to bad long-term results. An excellent investing philosophy will most likely lead to good results, if you combine it with discipline and patience.
The definition of philosophy is the love of, or the look for, wisdom or knowledge. It also means the general rules or laws of a field of knowledge. That being said, I will stock with you some of my philosophical thoughts on trading, and general rules that has to be followed for achievement in the world of investing.
Investing is one of the most complicated endeavors you will be able to attempt; on the contrary you'll find great riches for those who turned into elite. Not only do you should have a prosperous philosophy, formula and guidelines, you also must understand the proper psychology of investing. This usually means going against constant human nature. This is the psychological part of trading that separates the fairly great investor from an elite investor. It requires a lot of years of correct trading education to be successful in the long run.
When I primary began trading. I, like most people else, didn't do well my primary few years. I thought it was going to be fast. I could only read a book or two, purchase a number of secret indicator or strategy, and just like that, I can be a great trader. I also tried a number of advisory services. I still wasn't a prosperous investor. My problem was, I had no foundation of real investing knowledge, and I certainly did not realize the psychological component of trading.
In the early 1990's, I finally figured out I needed a successful investing philosophy, to develop my foundation of investing knowledge around. I studied many of the world's greatest investors. This included William J. O'Neil, Jesse Livermore, Bernard Baruch, Gerald Loeb, Nicolas Darvas, Richard Dennis, W. D. Gann, Jack Dreyfus, Amos Hostetter, and others. I determined out they all exchanged with the trend. They were for the most part, trend followers. I based my investing philosophy on exactly the same premise as several of the world's greatest traders.
My investing philosophy is that marketplaces from time to time make big moves. The big cash is created trading these enormous moves. I learned this from researching the value and amount action of the share market, and the commodities market. I trade with the trend. The secrets I implement are my particular guidelines I follow when investing. They flow logically from my investing philosophy, which is to trade with the trend. I've exchanged efficiently for a long time, but it did take too much time and effort becoming a prosperous investor.
The definition of philosophy is the love of, or the look for, wisdom or knowledge. It also means the general rules or laws of a field of knowledge. That being said, I will stock with you some of my philosophical thoughts on trading, and general rules that has to be followed for achievement in the world of investing.
Investing is one of the most complicated endeavors you will be able to attempt; on the contrary you'll find great riches for those who turned into elite. Not only do you should have a prosperous philosophy, formula and guidelines, you also must understand the proper psychology of investing. This usually means going against constant human nature. This is the psychological part of trading that separates the fairly great investor from an elite investor. It requires a lot of years of correct trading education to be successful in the long run.
When I primary began trading. I, like most people else, didn't do well my primary few years. I thought it was going to be fast. I could only read a book or two, purchase a number of secret indicator or strategy, and just like that, I can be a great trader. I also tried a number of advisory services. I still wasn't a prosperous investor. My problem was, I had no foundation of real investing knowledge, and I certainly did not realize the psychological component of trading.
In the early 1990's, I finally figured out I needed a successful investing philosophy, to develop my foundation of investing knowledge around. I studied many of the world's greatest investors. This included William J. O'Neil, Jesse Livermore, Bernard Baruch, Gerald Loeb, Nicolas Darvas, Richard Dennis, W. D. Gann, Jack Dreyfus, Amos Hostetter, and others. I determined out they all exchanged with the trend. They were for the most part, trend followers. I based my investing philosophy on exactly the same premise as several of the world's greatest traders.
My investing philosophy is that marketplaces from time to time make big moves. The big cash is created trading these enormous moves. I learned this from researching the value and amount action of the share market, and the commodities market. I trade with the trend. The secrets I implement are my particular guidelines I follow when investing. They flow logically from my investing philosophy, which is to trade with the trend. I've exchanged efficiently for a long time, but it did take too much time and effort becoming a prosperous investor.
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