I started paper trading stock in 2008, finally
at some point after all these years I understand the only reason why
trading stocks was complicated. it was because I myself thought it was
complicated. "The secret art" of what i had to do was simplify
my mind and put all expectations to rest. the good thing is my broker
does not charge inactivity fees or i would be in massive accumulated
fees.
Since then I met a lot of gurus, and one taught me the
art of Zen Trading, through watching Forex charts. with any financial
involvement there is no guarantees just like anything in life that
involves money, comes risk. Only put in what you are willing to lose.
and if you are in the OTC markets bare in mind there is a lot of risk
going on so 20-50% gain is profits, better to walk away with something
in case of the fall you still have cash to get into the millions of
other trades that are posted daily.
One must consider that
trading stocks is a business, you get up early in the morning, trade
15min-4hours up to you, it your portfolio and your business. invest in
companies you want to see rise, and not just because your trying to make
a quick buck, if you wanna throw away money your better off at the
tables of craps and roulette, or the slot machines if you want to walk
the path of the gambler.
But in my 6 years of trading stocks I
learned one thing, a business mindset with a ZEN state of mind will
carry you far, because you will make more rational decisions on trades.
Simply because most gamblers get anxious or upset which in turn causes
an individual to make irrational decisions.
"Win some, Lose some, Win Big, Lose Big, but Never Lose All" - Make it Rain.
have a game plan, a goal, research companies and eventually you might
get into options trading or Forex or big caps, but for now check out my
book Penny Scryer
Best of Luck! 2014
Penny Scryer - Availble on Amazon click here!!!
Scrying the world of stocks to find the potenial gains of pennyland, looking for the next possible sub penny runners, short term plays, momo's, breakouts to long holds. these stock picks are based solely on my opinion, I am not a paid advertising firm employee, I do not work for any finacial firm and these picks are based on my personal DD. Buy at your own risk, I will not be held responsible for how you personally decide to spend your money after all; the stock market is unpredictable.
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