Loans For People With Bad Credit

You know the difference between winning and losing trades — we’ve all experienced both and know the joy and the pain well.

But, when we look at losing trades, most of the times it’s not the strategy that has failed but, rather, the trader.

Uh huh… that is most likely you! However, help is on the way…. I am going to discuss ways to stop financial losses, and begin being a winner at the trades. Prior to placing orders, you have to decide where your stop loss order will be placed.

You can’t delve into the topic of position entry thoroughly without speaking of stops. The question is, “Why are stop losses used by so few investors?” If not using stops is a weakness for you then you want this info. This info could mean the difference between on time retirement with a fat nest egg or just ‘getting by’ at a later retirement date.

By planning and placing stops you plan to win, but prepare to take losses and still live to trade another day. So we need to look at the trader psychology around taking losses.

All professional traders understand they must know where they are getting out before they get in. They have to know ahead of time what a wrong trade looks like so they can exit it quickly. This is a rudimentary fundamental that EVERY professional trader knows the answer to.

What are the answers to these questions?

1.) When should you stay on board and when should you bail out?

2.) Is there a set point that indicated to you to sell losing stocks?

3.) When do you move your stop so that you break-even?

If the answers to these questions elude you, you are not unique. What it says though, is that you need to get some regulations set for yourself, particularly when going to short stocks. But these trading rules won’t amount to a hill of beans if they aren’t used. If you aren’t using them you need discover why it is you don’t manage your risks in a professional and non passive style.

There are 2 base reasons why Investors won’t take a loss:

1. They can’t admit they’re wrong.

A realized loss is a great big unavoidable acknowledgment of wrongness. For many traders, this is just too painful to admit. It’s interpreted as an allegory for a total life failure or feeds a persistent, negative self-image.

The loss is personalized and pulls on their emotions. It is easier to deny the loss than own up to the pain of the loss. He will either lose everything before he will seek to change or he will quit trading.

2. Taking that large of a hit would damage their portfolio greater than it can recover from.

But in reality, there’s no such thing as just a paper loss. The stock (bond, option) is worth what it’s quoted and the loss exists whether you realize it or not.

These 2 situations are types of self-denial this problem is common with tons and tons of investors. Observe Merrill-Lynch, AIG, WAMU, Lehman.. and on and on…. you should be comforted to know that this self denial is not limited to just one income level or social status.

Are you squirming in your seat because as you read this article you feel powerless and/or angry? That is a good thing. It tells you that you are ready to make the change.

Winning and losing traders have a different view of the pain from a loss, winners don’t take it personally. They look at the loss and see that they need to change their approach or execution not that they are personally flawed.

Separating themselves from what they are doing is what a winning trader does. Either they know it or learn that the problem is either in their approach or their skills not in their worth as a human being. Changing the pain of a loss into a motivational factor that increases their quest to be a better trader.

Both are learned responses and within your control. The opportunity for growth from the pain of losses is the same. It’s what we do with the emotional pain of a loss that matters, not the loss itself.

Utilize faithfully my verified ETF Trend Trading System and develop winning habits. Practice the principles, keep an eye on your position size relative to your portfolio and the product will be an overall growth in your portfolio.

My constant reminders about proper stops and risks are one of the strongest parts of my one year mentorship program. Even after you understand my system 100%, it’s still good to hear me tell you, “Don’t move your stop” or “Be sure to take profits when the system says to, not too early and not too late.” Most my students like the mentorship part as much or even more than the course itself.

Learn how it’s very possible to make 6% per month in your investment accounts using etf trend trading! “Big A” is a recognized expert in the world of etf trend trading system & reveals etf secrets that have been kept under wraps by hedge traders for years. Get his free report & webinar today!

Related posts on loans for people with bad credit:

1. The Basic Advantages Of ETF Trading Most people are just learning about ETF trading. Many have only heard bits and pieces about the Exchange-Traded Funds market and how it works. This is an incredibly complex market that a person will want to learn and get comfortable with before beginning trading in earnest. This is a brief overview of the benefits of ETF trading that may encourage a person to look into the market more closely....
2. Singapore Real Estate News Market Right now Singapore's property market is in boom and is going to continue for next two to three years.The prime reason for this is the drastic change in countries tourism which is bringing investors from round the world....
3. Store Credit Cards and You If you can comfortably clear the outstanding amount on your store card when the bill arrives and are a regular customer of that particular retailer, it may be worth using a store card, as there could be plenty of benefits in doing so. Not only do you get a discount on your first purchase, there are usually other perks, such as bonus reward schemes, free catalogs or magazines, and special shopping days, where you can avoid the crowds and shop in peace. Jim Black gives customers 1% of what they spend in store back in the form of vouchers, for...
4. The Toyota Vitz Winning Over Pakistan’s Car Buyers The respite in import related taxes in Pakistan a number of years back resulted in a vast growth in the range of international automobiles obtainable in the local auto industry. Different automobiles caught car enthusiast's attention and soon became tremendously valuable in the following years. One of the most profitable makes, which still continues to play a prominent part in the hatchback segment, is the considerably sought-after Toyota Vitz. In spite of being significantly more costly versus the Suzuki Cultus or Khyber, these automobiles sold like hotcakes, providing individuals crucial options like significant gasoline saving....
5. Making Sense Of Complicated Car Insurance There are a couple of various kinds of basic caravan insurance quotes to choose from, depending on what caravan driver need to protect and what he can afford. Where should you start?...
6. Business Credit Building Tips In today's competitive and often unstable business world, becoming a successful entrepreneur depends a lot on your credit rating. If you're out to make it in the business world, make all attempts possible at keeping a decent line of credit. Things can be a bit rough, but maintaining a decent credit rating can truly mean everything in the long run....
7. Gold Bullion Coins : Thinking About Buying Some? Gold bullion coins are increasingly being turned to by both investors and ordinary families as way of preserving their money in these financially turbulent times. People are attracted by both being able to diversify how their savings are held, and also by being able to actually hold their wealth in their hands....
8. Buying Direct Car Insurance There are two options for buying car insurance. One is going through insurance middlemen and independent agents to buy the insurance. The Direct Car Insurance option is the other one in which we buy insurance directly from an authorized insurance company. This can be illustrated with an example. When you have pain in your joints and fell sick, you have two options. You can either approach a general practitioner or you can proceed directly to an orthopedic specialist. In the first case, he just has an idea about your actual condition and recommends some medicines which make you relieved from...
9. Do You Know Your Life Insurance Needs? Life insurance is an important decision to make and a very important one not to overlook. You do not want to be in a position where you needed it and did not have it. There are a lot of different policy types available in the field of Life Insurances, with different coverage?s and features it can sometimes be a hard thing to figure out for you or a family member. Not all situations or needs will be the same when it comes to life insurance needs. When picking out your life insurance here are a few things you might want...
10. The Importance Of Purchasing A Car Different people have different priorities while purchasing a new car. Some choose to buy a stylish and flashy looking car, while others go in for a practical and roomy sedan. The cost, fuel efficiency and comfort are other factors that play a role in decision-making. But how many people think about the insurance costs? Not many realize that the premium amount for car insurance is calculated based on the type of car....

Tags: business, etf trading, finance, investing, investment, investments, Personal Finance, stock market, stock trading, trend trading

This entry was posted on Wednesday, November 4th, 2009 at 7:58 am and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.