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How to Make Money in the Stock Market and Keep ItI have always said that making money in the stock market is easy. It is learning how not to lose money that is the hard part of trading. To that end, when you find yourself in the surprising and often disturbing position of having made a whole lot of profit, or more profit than you expected in a very short time, you may be feeling overwhelmed. This is when you need to remember some basics about the art of trading. The primary factor in making money and keeping it depends upon your ability to stop trading to get your emotions under control again. Stop trading for at least a few days to a week. This sounds ludicrous, but my experience with teaching traders for more than 20 years is that those who follow this rule keep their big gains while those who do not, lose them back to the market and then some. The reason behind this is emotion. You are in a state of emotional flux, not thinking logically. You are thinking, “I’m brilliant, I’m invincible, I am going to be rich!” Well, sure, but not at this moment. At this moment, you are overly exuberant, you are thinking you can do no wrong, so you are likely to miss the parts of your analysis that would keep you out of high-risk setups. So, take a few days to cool off. The Stock Market is not going anywhere. Great trades present themselves over and over again. While you are recovering from the shock of a large gain, these steps can help bring you back down to Earth : Review your notes from some of the courses you have taken. Reading back over rules and the reasons behind them for making sounding trading decisions helps a lot to keep you grounded. Review your trading plan and your goals. If you don't have this written out somewhere, do it now. Most people refuse to write down their goals because of “fear of failure.” They are so afraid that they are not capable of reaching those goals that they do not try. Try to write down realistic goals, and adjust them as you see the need. We have a calculator that we provide to our students for help with this. Once you do the task of setting goals, you will find that they are achieved much of the time. Consider if you need to increase your goals. Continually pushing yourself to reach higher and higher levels of efficiency and profit helps to both dispel the fear of failure and propel you forward with perhaps stricter rules to achieve those higher goals. Trading is 50% skill which, in short, includes understanding your Trading Style and using proper Strategies for the current Market Condition. The other 50% is controlling emotion, which includes setting goals, keeping calm and centered, using discipline in your trading rules, having the determination to keep working until you are successful, maintaining your personal parameters while expanding them, and using logic rather than emotion. These are the major components of making money and keeping it.
NASDAQ:AMZNEducation
by MarthaStokesCMT-TechniTrader
1
$VXRT to $55 this year?I do dowsing and sometimes I let my pendulum pick stocks. I also let it pick important dates for stocks or the market. Way back in July of 2021 I I got this stock and it told me to check on it in January of 2023. I've been doing this awhile, but don't have a big record of instances this far out in time to know what to expect, but so far, this thing has been rallying all month. When I asked what the highest price is and I got that it is 54 POINTS. I asked this on 1/4... I follow up, will this thing hit $50? and get and easy "definitely". So, idk what the hell happens for sure, but it might be better than a lottery ticket! For kicks I just asked again now, how high a price this year and get 52. What is the number 52 as relates to VXRT? POINTS! AGAIN and fewer even to account for the recent move up, perhaps. I also am getting the date this month of 1/25 heavy in this. Possibly news? It could be the 26th too, but I think 25. I'll update closer to this date. There's another date as I ask what year and month to expect a price like that and get June/July this year. In the past I've gotten unbelievable numbers. VXX comes to mind as an example. Last year I did a reading on it and had that it was going to move 14... I always follow up with a reference for what the number is that I'm being given... 14 what? Points! I thought this would occur over a period of time until I saw news only a day or 2 later and there was some issue with the VXX product, which caused it to spike up, and it did go up $14 or more even. I just knew to not dismiss things after that and to ask more questions. I hope VXRT is for realz to $50 cuz that would just be un-freaking-believable!
NASDAQ:VXRTLong
by JenRz
2