The whole idea behind investing in the stock market is
to produce income. Actually, trading the market is really no different than
running a retail store. You simply buy something at a wholesale price and then
sell it at a retail price. A successful store owner will only buy merchandise
they are familiar with and sell it for a reasonable price that a customer will
pay. More often than not they will also hire and pay a manager to help them
with business related activities thereby enabling them to maintain a well run
and profitable business. This same strategy can also be applied to stock market
investing.
Short term trading can be very lucrative, but it is
also risky. The basic concepts of short term trading must become second nature
to you before you will be successful. Market timing is a very important element
of stock trading. For example, the stock market normally trades in a cycle
which makes it necessary to watch the calendar. Be aware of market trends. If
the current market trend is negative, some investors consider shorting and
practice very little buying. Conversely, if the trend is positive, buying may
be more lucrative than shorting. Shorting should be done very carefully because
if not properly managed, a short position can wipe out your account.
What I am trying to convey in this article is to treat
stock market trading as a business. Most people who are new to stock trading
fail in a short period of time. Treat your stock market trading venture as a
business and hire a manager. In stock trading they are called a
"Mentor". You won't be sorry and you will succeed in learning;
"How to Earn Stock Market Income."
My mentor was a teacher for ten years and during that
time he was also active in the stock market. He was so successful that he gave
up teaching and started mentoring stock traders. He has one of the largest chat
rooms on Wall Street and his members range from "newbie’s" to
multimillionaires.
Prior to 1991 I thought the only way to beat the stock
market was to become a stock broker. In case you don't already know, penny
stocks are highly promoted when they first hit the market. I did not have to
depend on the stock market for income because I was always gainfully employed.
As a result, I decided that I would become a full time stock market trader.
It did not take long for me to realize that
"investing" in the stock market is much different than
"playing" the penny stocks. Along the way I have learned that
successful trading involves homework, research, and keeping up with current
news. It also requires some important ingredients that can make or break your
ultimate goal to become a successful stock market trader. (1) Hire a
Mentor - Unless you are a mental giant with an encyclopaedic memory,
you need to hire the services of a mentor. A good mentor with a chat room is
worth considerably more than the fee you will pay.
(2) Practice - Whether I place a
trade during market hours or not, I will make at least 1 paper trade. If you
are new to trading, chose an online broker that offers a free
"paper-trading" system and use it until you feel comfortable
investing real money.
(3) Don't Day-trade! - It is
estimated that 93% of day-traders lose money! It takes years of experience and
nerves of steel today-trade successfully. It is the fastest and easiest way to
lose your money and give up trading forever.
- Failure to practice this critical advice will cost
you more money and cause you more problems than you can imagine. Always plan
your exit when you make a trade. Trading without a planned exit can cost money
and keep you from moving on to a better trade that can make you money. Lack of
discipline is dangerous and costly in stock trading.
(5) Take Small Profits! - Seldom, if
ever, will you have the opportunity to "break the bank" on a single
trade. Learn to set a small and reasonable goal for profit on each trade you
enter. When you do this on a regular basis, you are placing yourself in control
of your trades and practicing the secret of "How to beat the stock
Market."
Analisa fundamental saham indonesia
Analisa fundamental saham indonesia
