| |
| |
|
|
Stocks and Mutual Funds |
|
Attitude Is [Almost] Everything
I often play a little game with myself when I have to go shopping; to the post office or on other errands. Sometimes I will just go about my business and make little comment or eye contact with the person serving me. Other times I will smile and talk to the person. Ask them how they are. Even make a joke! The difference is incredible. And it is amazing what affect it has on both them and me. If I take the effort to engage the person in a conversation and make eye contact - almost without exception their face lights up, they smile and are friendly back to me. And best of all, I feel much better. Instead of it being just a chore, it can make the whole experience more enjoyable. And the only difference is my attitude. Now what does this have to do with you trading the stock market? Well, I believe that in trading your success is almost completely determined by your attitude. If you don't believe me, play the game I just described. And then ask yourself, "If I can affect my experience so dramatically through a minor change of my attitude in one small area of my life, surely changing my attitude in my trading will have a similar effect." Just try it. Look at the stock market with a negative attitude [such as the market is out to get me!]. And then review the same information with the view that the market is a wonderful source of financial freedom. Do you notice a difference? Do you think the second view is more helpful? Do you think it might give you greater confidence and motivation? And less fear? Now don't get me wrong. I am not saying that positive thinking is all you need for success. Clearly you need the necessary skills and experience to achieve anything in any area of your life. But having the right attitude and beliefs is absolutely crucial. Because it is this that determines which actions you will take. And when. You see the reality is that, without a positive attitude, you cannot be come a successful trader. Period. No question. So give it a go. Have a look at your attitudes to the stock market and trading and see if they need review. What have you got to lose? Maybe just some limiting beliefs and attitudes that are restricting your success. And by the way - try my little game some time! Be nice to a cashier or a waiter or a bus driver and see what happens. Maybe even try it on someone close to you! You will be amazed. And so will they! 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.
MORE RESOURCES:
Stocks-Mutual-Funds - Google News |
|
|
|
RELATED ARTICLES
Frog In The Pot You remember the story about the frog that was put into a pot of cold water on the stove. He was not concerned. Dont Buy Worldcom! A Guide to Wise Bottom Fishing Over the past few months, several investment professionals have brought up the topic of the down-and-out company of the day and whether to buy now as a speculation. Last year, K-Mart was the big news, and everyone wanted to know whether this was a good stock play. Can't Stand The Heat It seems that every day I turn on the TV and find a Poker game. Texas No Limit seems to be all the rage these days. Is the Stock Market for You? Many people would like to diversify their portfolios to expand their holdings. Making it big in the stock market has been a dream for many people who want to strike it rich. Eternal Sunshine There is a current movie entitled "Eternal Sunshine of the Spotless Mind". It is about a man who has had a painful love affair and will do anything to rid his mind of those pain thoughts of a former love. Stock Valuation using the SMP Model Disclaimer: Please note that I do not necessarily purchase, own, or partake of any of the securities or other financial instruments mentioned in this article. I also do not take any responsibility for any actions resulting from any actions taken by anyone who reads this article. Basics of Stock Market Financial markets provide their participants with the most favorable conditions for purchase/sale of financial instruments they have inside. Their major functions are: guaranteeing liquidity, forming assets prices within establishing proposition and demand and decreasing of operational expenses, incurred by the participants of the market. Stock Market Investing Odds The greatest stock market myth is the idea that investing in stocks is a form of gambling!The financial markets are often compared to a casino. Put some money on X stock and you might as well be playing craps!If that's your impression, and it's keeping you out of the markets, consider this: If investing is organized gambling, it's one of the rare kinds where the odds are stacked in your favor!Why is that?Corporate profits are the key to understanding the investor's edge. Mutual Fund Ball and Chain The broker told me not to sell because the mutual fund I owned had a 2% redemption fee and they would penalize me if I did.I got to thinking about it and did some simple math to see what that would cost me if I sold. Peer Groups Whenever I see mutual fund comparisons in the trade publications and in the financial section of the newspaper they almost always mention a specific fund and tell you how good it is in relation to its peer group. A peer group is a specialized sector of mutual funds that all invest in about the same type of stocks or areas of the world or size of companies or some such categorization. How to Find Value in No Load Mutual Fund Investing What are you thinking when it comes to your no load mutual fund selections? Are you saving pennies and sacrificing dollars?Are you spending your time looking at expense ratios, analyzing Morningstar ratings and searching for funds with low fees and no 12b1 charges? If you are like most people, you know these things in and out. You've spent hours evaluating them, and your chosen mutual funds cost little to purchase and maintain. Investing in Dividend Paying Stocks I was recently interviewed for a press release through a financial question and answer format. One of the questions asked of me in the interview was:Where do you think the stock market is headed over the next five years?My Answer!Charles M. Humpty Dumpty the Stock Market Falls Down Humpty Dumpty had a great fall and all the King's horsemen could not put Humpty Dumpty back together again.The Stock Market has had a great fall and all the brokers, CEOs, analysts and politicians have not been able to get it back up again. Cash Is A Position I go to the Money Show every year to visit with friends who have booths and are speakers. Then when folks are filing out of lectures I listen to their comments on what I know the speaker has been saying. Planning Your Dive and Diving Your Plan - Trading! A colleague of mine just returned from a scuba diving trip in Cozumel, which just happens to be one of my favorite places to dive. Anyway, she was telling me about an unexpected difficulty she encountered while swimming around the corral reef down about 85 feet. A Personal Stock Market Investment Philosophy ∙ Make every investment in the stock market a long-term investment.My Mother worked as a teller in a small bank in Dover, New Jersey. The Three Little Pigs Went to the Stock Market Three little pigs went to the market to stock up for the future.The first little pig liked chips so he went to the DOW market. The Holy Grail (of Investment) Every year I go to the Money Show in Orlando, Florida. Thousands attend. Being Wrong Buying Stock is Okay Being wrong is OK, but let's not carry it to extremes. That applies to everything, but let's limit our discussion here to the stock market. Investment Lawyers and Trash Stocks The trash business in its efforts to cook their books trying to keep pace may find itself in some trouble. The efficiency per Garbage Truck unit numbers was growing exponentially at a time when consolidation has slowed as there is a decreasing number of worthy deals to make for a good value, Ah ha Warren Buffet's favorite remarks are here too.
|
||||||||||||||