Carefully thinking through your goal as a trader is of prime importance, when picking the best stock market price. It is very difficult if not impossible to meet a goal that is ill defined. Is your goal to trade frequently, irrespective of market conditions irregardless of what the stock market price is? Or is it to trade for the excitement of it all. A more sober assessment would probably yield a goal of making money - but how much and at what risk? How do you determine what the best stock market price is? Ultimately, a well-defined trading goal should specify the desired average annual return and the corresponding equity drawdown that a trader is comfortable with, financially and emotionally.
Following a methodology that meets your goal is also of prime importance. This is the key is picking the right stock market price that fits your trading plan. What if you follow a methodology that has the potential to average 30%/year return with limited drawdowns, and that performance level easily meets your goal? Would you continue to follow that methodology? Logic dictates a resounding yes!
But what if that methodology calls for you to limit your trading or to stay in cash for a period of time, say a month or two, due to a lack of high probability opportunities? Or what if that methodology goes into a drawdown period? Then what? Do you have the discipline to stick with your goal and the methodology that could potentially meet your goal, or will you grow impatient and abandon your methodology? It is probably not surprising that the answer to that question is different for professionals (who stick with it) than for amateurs (who often bail out and try something new only to repeat the cycle over and over).
The key to potential trading success and finding the stock market price for entry that is best for you is having a well-defined goal, the methodology to potentially meet that goal, and the discipline to stick with it.
If you would like to learn more about stock trading and you have a computer and a burning desire to seize success, then you have what it takes to personally unearth Bill's Astonishing, step by step trading secrets... BUT ONLY FOR A LIMITED TIME. stock trading
Oswego taxi to Midway ..Has your broker been calling you recently with the "great... Read More
In today's volatile and confusing stock markets everyone is searching... Read More
Do you have a financial planner? Does one of your... Read More
For the last 12 years we have seen the Japanese... Read More
What is leverage?Here is a definition of leverage from an... Read More
If you're like many investors who squander those small dividend... Read More
We are already in it, but you can't see it.... Read More
What does it take to be a stock trader? It... Read More
The stock market can present you with a lot of... Read More
Alfred Winslow Jones started hedge funds in 1949. He was... Read More
In 1960 an engineer working for a watch company in... Read More
How many times has this happened to you? You're at... Read More
I have watched my cat play with a bag of... Read More
You probably have been told that options are risky. Even... Read More
Recently I was invited to appear on a live CNNfn... Read More
When it comes to stock market trading it PAYS to... Read More
With the stock market stubbornly refusing to settle down and... Read More
Stock investment advice is easy to find. Do you get... Read More
Disclaimer: Please note that I do not necessarily purchase, own,... Read More
04/28/2005NASDAQ dropped -12.5% year to date in 2005. S&P500 index... Read More
Ever turn down a street, get half way and suddenly... Read More
Ever notice how behavior in one area of life can... Read More
As the man said, "I've got some good news and... Read More
I am sure that if you have a brokerage account... Read More
According to Investopedia Inc. the penny stock market has seen... Read More
shuttle from Midway Morris ..Do you own any mutual funds? In an IRA or... Read More
All stock trading and investing methods must deal with the... Read More
THERE'S SOMETHING TO BE SAID FOR standing firm in the... Read More
We learnt the following the hard way! If any of... Read More
The fight continues to rage among traders who use technical... Read More
Outlined below are some of the advantages and disadvantages of... Read More
Have you bought any mutual funds this year or late... Read More
What does it mean to short a stock?This means that... Read More
Wall Street has been preaching the doctrine of Buy and... Read More
Let's say you are interested in this one company. You... Read More
The trading method you employ to approach the stock market... Read More
Just 30 years ago the stock market was a shadow... Read More
This is the continuing story of our two imaginary traders,... Read More
Wall Street's watchword has always been diversification, but what does... Read More
Yesterday I received my monthly issue of MONEY magazine. This... Read More
Unfortunately, most of you who are reading my column are... Read More
Should the market turn against you, it is important that... Read More
You'd have had to be living on a desert island... Read More
Well, not really. What I mean is I don't mind... Read More
What can I expect to make my first year of... Read More
IT'S REMINISCENT OF THE OLD children's tale about an old... Read More
Have you ever thought of investing? Do you have a... Read More
There is a famous cliff on the ocean in Acapulco... Read More
The higher the market goes the more confusing are the... Read More
After finding the price of a particular stock, usually the... Read More
Stocks & Mutual Fund |