siding calculator siding companies lakemoor james hardie siding winthrop harbor siding companies mchenry county hardie plank siding .. 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 Problem With Hedge Funds

Are hedge funds a suitable investment for you? Hedge funds... Read More

Selection Vs Direction

As I have said many times before in this column... Read More

Overvalued & Underbought

With all the bad news that has been dumped upon... Read More

E-mini Day Trading - Day Trading for Beginners - Stock Market Timing Software

I mean it when I say that. While plastic silverware... Read More

How Covered Calls Turned a Trader Around

Sidney felt sick as she looked at her latest OptionsXpress... Read More

Stock Market Diversification

In one of my previous articles (Investing in the stock... Read More

Dividend Reinvestment Plans: Investing on Automatic Pilot

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

Alfred E. Newman

What! Me worry?Many of you remember the cover of MAD... Read More

Investment Capital Gains

Have you bought any mutual funds this year or late... Read More

VooDoo Training For the Stock Market

If you go to Haiti or other places in the... Read More

Patterns

The Law of Chaos is the theory of random unpredictable... Read More

How (NOT) to Buy Mutual Funds

When it comes to mutual funds, there is a lot... Read More

Stock Analysis

I receive emails from Morningstar. This company provides statistics and... Read More

Stock Trading Diversification

This is the continuing story of our two imaginary traders,... Read More

Where Is The Beef?

Where is the beef? Or maybe it should be where... Read More

Complacency Indicator

If you haven't heard of the technical indicator with the... Read More

Investment Research - The Dalbar Study

Very few people, even professionals, have heard of the Dalbar... Read More

The Stock Market Doesnt Care if You are a Beginner?. Get Prepared to Succeed at Trading

Stock trading remains a very competitive field and the stock... Read More

The Great Stock Market Secret

When the stock market is going up and all your... Read More

Hedge Funds: the Good, the Bad, and the Ugly

Alfred Winslow Jones started hedge funds in 1949. He was... Read More

Successful Trading ? Establish Your Risk Level

Before you embark upon a journey of trading stocks or... Read More

Why Buy and Hold?

Since I can remember, and that's a long time ago,... Read More

Managing Investing and Stock Market Risks

Reduce your investing and stock market risks by:Setting your sights... Read More

Price Targets

Every day in any financial publication you will find the... Read More

Bottoms Ups

If you have talked to a stock broker or financial... Read More

street light fixtures dimmable led bulbs Pete's produce ..
street light fixtures dimmable led bulbs Pete's produce ..