morris the remodeler rolling meadows beyond painting and remodeling round lake heights beach condo remodel wadsworth kitchen facelifts budget riverwoods manufactured additions mchenry .. Chicago Drug testing

Never Fall In Love!

Recently I watched my favorite football team lose a vital game.

I simply love this team.

I became so emotional about it; I thought "?this isn't good for my health". Can you believe that, but that's how we get when we are passionate. I simply couldn't believe (I didn't want to believe) they could lose.

However, as a committed fan, I was going all the way with them. If they were going down, I was going down with them. After all, you don't give up on your team simply because they don't win every game. On this occasion, I was so wound up, willing them to win, knowing all along they had blown their chances.

I really should have walked away from the TV. However, I stayed for the pain. Oh, the exquisite agony. At the end, my shoulders and head were down, I felt like I'd run a marathon and deeply felt the loss for the team and myself. Was there life after this game?

I should have been saying to myself "? they've done well considering they're a young team, they've done better than expected, so save yourself the heartache and face the fact?this season is not theirs?emotionally detach yourself."

As I was lying on the settee, absolutely exhausted, analysing why I'd put myself through it, my mind went back to my early days of trading. We all go through this and hopefully only in our very early days ? when we learn a few painful lessons. For some, it's enough to put them off trading forever.

We buy a stock, believing the price will go to a higher level. We know it will rise, because it's a blue chip and the indicators all line up. There's no chance this will turn against us. It's a stock we love because we've followed it for some time and it's a household name ? it's been a great performer for years. Of course, we've got our mental stop loss sorted out before we go into the trade.

However, it does turn against us. Because we love the stock we see our stop loss taken out and what do we do? Nothing!

We love this stock and it will definitely bounce back. But it doesn't and like a sports fan, you stick with your "team" and with every decrease in price, you feel that pain and you rapidly go down too - you too are a loser, not only in the sense that you've gone against the rules, but also you've lost your money.

Just like your favorite team, you can't win every time. So, to protect yourself against losing, get out when your stop loss tells you ? don't let your love for a stock paralyse you. In this way, you'll sustain a small loss, but have enough money left to go in on a winning trade.

So, never attach emotion to a trade ? treat them all the same and trade your strategy. And always have a stop loss in place. Don't rely on mental stops as love can make you do crazy things!

NEVER FALL IN LOVE with a stock.

David Chandler

Ordinary People Making Extraordinary Profits!

For free mini-course on stock and options trading click the following link:

http://www.StockMarketGenie.com

Or visit our blog at:

http://stockmarketgenie.blogspot.com/

The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn't worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

In The News:

The Stock Market - How Just One Question Will Tell You All You Need To Know About Your Stock Broker

Last time we looked at the real performance of the... Read More

Prosperity

It has fallen upon the consumer to make our economy... Read More

Dividend Reinvestment Plans: Investing on Automatic Pilot

If you're like many investors who squander those small dividend... Read More

Attitude Is [Almost] Everything

I often play a little game with myself when I... Read More

The Bottom?

Every day I hear someone on CNBC proclaim that "this... Read More

Mutual Funds: The Modern Den of Thieves!

Mutual funds were created with the idea that one person... Read More

Precision Money Management

This article describes the model of a natural relationship between... Read More

Trading vs Investing

I often hear from people, "I don't trade. I invest.... Read More

Advisory Service for You?

It depends on your level of understanding of the market... Read More

Getting Even

I know there are a lot of you out there... Read More

Some Good News for A Change

Before we get into all the good news out there,... Read More

Basics of Stock Market

Financial markets provide their participants with the most favorable conditions... Read More

Nest Eggs and Omelets

Do you have a nest egg? You know, a place... Read More

401K-itis

Are you one of those many people who dread reading... Read More

Good Stock Market Tip; Good Return!

Forget making a profit; instead focus on the income provided... Read More

Inertia Syndrome

When it comes to buying a stock or mutual fund... Read More

Learn to Calculate a Stock?s Pivot Point

Stocks breakout from properly formed bases everyday but many investors... Read More

Option Trading Basics

Options trading can increase the profits you make when trading... Read More

Two for the Money

Look back over the years and try to remember how... Read More

Dont Buy Worldcom! A Guide to Wise Bottom Fishing

Over the past few months, several investment professionals have brought... Read More

Your Trading Objective: Why is that so Important?

You've decided to try your luck at trading stocks or... Read More

Will the Stock Market be Lower in October?

The stock market often closes a week in the middle... Read More

Hot Stock Investing ... How to Pick Hot Stocks with Momentum Stock Trading

Profitable day traders recognize that momentum trading is among the... Read More

Economists #2

Economists know more about how the fragments of society work... Read More

When?

When will the stock market stop going down and start... Read More

led lights wholesalers commercial street lights Pete's produce ..
led lights wholesalers commercial street lights Pete's produce ..