Trading a Business?
Have
you ever think of “Trading as a Business”? The idea of this book
is quite good, a successful businesses generate more cash than it
consumes, so do the trading.
Chinese
say, In every crisis, there's an opportunity! However, the
very first thing is having a trading plan – the strategies to make
money, minimize the risk and increase profit! “No one plan to fail,
but fail to Plan!”
Always
start with small amount, practice make perfect. Don't afraid to make
mistake, as every mistake will give new experience. The experience
gain will enhance in your future plan. Most important is admit the
mistake done, if you buy a stock, but the share price go down, cut
lost first! Stop investing if you are in doubt where's the direction
now! Don't let the mistake become bigger! I like the quote from
Warren Buffet, “There's only 2 rules to make money in stock market,
first, never lose your money. Second, never forget the first rules.
Trading
is not speculating or gamble! Never listen to news, rumors or tips,
do your own analysis. Many people don't know when to buy, as they
don't understand trading is probability! Gambling always lose because
the probability is not at your side.
Deal
with your own psychological difficulties, learn to control greed and
fear. Daily movement of price and volatility of the stock market is
the fact, if you can not take it, this type of investment may not be
right for you.
Trading
is not mean get rich quick scheme! Trading is not making easy money as well! It's a serious business with proper planning. If you start with $1,000, every year only need to make 4 trade which
earn 25%, you will become millionaire after 10 years!
Last,
build up your investment knowledge with latest equipment or
technology to improve your trading skill, building wealth and
securing your capital!
.
HAPPY NEW YEAR..TO YOU, I WISH YOU ALL THE BEST IN ALL THINGS. GOD BLESS YOU AND YR LOVE ONE'S.
ReplyDeleteSame to you, wish you have a happy life in this New Year!
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