crane siding antioch replace siding installing vinyl siding best siding highland park hardie board siding libertyville .. 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:

Economists #2

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

How (NOT) to Buy Mutual Funds

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

What To Buy?

Now that you have some money burning a hole in... Read More

Parachute Investing

Ever jumped out of an airplane? It's OK if you... Read More

Market Timing?

The recent criminal fiasco in the mutual fund industry is... Read More

Choosing A Fund

For years I have been saying you must have a... Read More

Trading Tips No 8: Picking the Best Stock Market Price

Carefully thinking through your goal as a trader is of... Read More

Lies, Damn Lies and Mutual Fund Returns

How many times has this happened to you? You're at... Read More

A Triple Dipper: How to Make 3 Profits on 1 Stock Trade

This is a rather simple strategy with which I am... Read More

Are You A Stockaholic?

Today's society gives special recognition to alcoholics, sexaholics, binge-aholics, shopaholics,... Read More

Hedge Fund Advertising

Have you seen all those big full page ads for... Read More

Investment Attorneys and Garbage Stocks

How is it possible that trash Companies are posting less... Read More

Stock Options Trading Strategies - Lean

Professional stock options traders use the term lean to refer... Read More

How Much Information Do You Need?

You have decided to buy some stock or mutual funds,... Read More

Trading For A Living - Part 1

There can't be many traders who haven't at least considered... Read More

Low Expense Ratio

One of the big advertising kicks today from mutual funds... Read More

The Secret Art of Backtesting

If you have not back tested your trading system, you... Read More

Investing in Dividend Paying Stocks

I was recently interviewed for a press release through a... Read More

Perfect Storm

Having lived aboard a sailboat for 2 years I was... Read More

Hedge Funds

You read and hear a lot about hedge funds. Unfortunately,... Read More

Why the Majority Fail at Stock Investing

The gleam and bright lights of Wall Street lure in... Read More

Stock Market Investing: Knowing When (and when not) to Sell

One of the greatest challenges of investing in stocks is... Read More

A Penny for Your Stocks

According to Investopedia Inc. the penny stock market has seen... Read More

Mutual Fund Commissions

You have heard about a particular mutual fund from a... Read More

Making a Stock Watch List

I am taking the time to help others learn the... Read More

led vs induction lighting street light installation Pete's produce ..
led vs induction lighting street light installation Pete's produce ..