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Other Added - Online Investing & Online Stock & Share Trading: Difficulty in Taking Stop Losses in the Market
Despite anything you have heard to the contrary, making money on the Internet is not an impossible quest that will take 3 Academy Award winning films to complete.The recipe for success on the Internet has always been known, the problem is too many wannabe Internet millionaires are ignoring one or more of the essential ingredients.First and foremost the key ingredient to success on the Internet is having something of value. Though most people think that this ingredient must translate to an actual product, that is not entirely the case. In fact, many successful Internet entrepreneurs do not sell any products at all.One thing of value that many people overlook though it can be the centerpiece of any good recipe for success is knowledge. Any area where you have more knowledge than the average person puts you in a position to create something of value on the Internet.Whether you take that knowledge and have an e-book created, or you
Many possible reasons ...I'm comfortably ahead this year anyway...the companies are fundamentally sound with good prospects...the price decline defies common sense (this is a common thought). I've pondered on this for some time now.
Anyway, I know I've got a problem that could bite me hard if the market turned nasty. For those of you that have been here but overc
Among the many problems facing senior citizens is that of trying to pay for their necessary medications while trying to live on a fixed income. This problem drew the attention of Congress, which passed a prescription drug plan last year that was designed to help older Americans with their drug bills. The plan is a complicated one that allows Americans to enroll in a government-sponsored plan or any one of a number of other plans that are administered by private corporations. The plan, while well intentioned, has drawn criticism for being expensive and for being complicated, as many senior citizens have been unable to determine how to best make use of the program.The fact that the program is complicated has opened the door for identity thieves to take advantage of the program's participants. The thieves have been calling senior citizens on the telephone, posing as representatives of companies that can help people enroll in the plan that is best for t
A stop loss is a predetermined exit point. When a trade is first planned, the stop loss is designed to protect the trader’s capital. The exact price of the stop loss is the result of a relationship between the maximum level of risk as determined by the 2% rule, the logical support levels on the chart, and the amount of capital the trader wants to allocate to the trade. By varying these three figures, the trader is able to reach an ideal trading solution that controls risk effectively.
A stop loss order should always be constructed at the same time that any trade is planned or entered. Disciplined stop loss sell orders are the key to long term trading success.
The new chat room Stockmeetingplace.com has an educational bias where traders from around the world come to exchange ideas, swap exploration formulas and discuss trading techniques.
Many topics are covered and for the benefit of readers who may not have read the following, this article is based on four posts on Stockmeetingplace which were recently provided by two regular contributors to this newsletter and myself on the subject of the difficulty in taking stop losses.
This topic was introduced by a new trader Jim who wrote:
Okay I'm going admit it, "I find it hard to act on stop losses". I know I'm not the only one.
Many possible reasons ...I'm comfortably ahead this year anyway...the companies are fundamentally sound with good prospects...the price decline defies common sense (this is a common thought). I've pondered on this for some time now.
Anyway, I know I've got a problem that could bite me hard if the market turned nasty. For those of you that have been here but overc
The developments in the equity market over the past six months and the many reports on the economic and investing outlook for the year ahead may prompt some of you to consider rebalancing your portfolios.When you rebalance your portfolio, you're reviewing it to determine if your asset allocation is still intact. Normally, the asset mix would change through time due to the returns made on the different asset classes in the portfolio. Therefore, you will need to make adjustments, which are buy and sell different assets in order to restore it to its original allocation to keep your portfolio in line with your investment objectives.For instance, you invested 50% of your portfolio in an index linked fund and the other half in a fixed income fund. Within a year or two of making your investments, the stock market picks up high. As a result, your index linked fund investment grows and takes up a bigger proportion of your portfolio. In the same timef
A stop loss order should always be constructed at the same time that any trade is planned or entered. Disciplined stop loss sell orders are the key to long term trading success.
The new chat room Stockmeetingplace.com has an educational bias where traders from around the world come to exchange ideas, swap exploration formulas and discuss trading techniques.
Many topics are covered and for the benefit of readers who may not have read the following, this article is based on four posts on Stockmeetingplace which were recently provided by two regular contributors to this newsletter and myself on the subject of the difficulty in taking stop losses.
This topic was introduced by a new trader Jim who wrote:
Okay I'm going admit it, "I find it hard to act on stop losses". I know I'm not the only one.
Many possible reasons ...I'm comfortably ahead this year anyway...the companies are fundamentally sound with good prospects...the price decline defies common sense (this is a common thought). I've pondered on this for some time now.
Anyway, I know I've got a problem that could bite me hard if the market turned nasty. For those of you that have been here but overc
Running a one-person business is a creative, flexible and challenging way to become your own boss and chart your own future. It is about creating a life, as it is about making a living. It takes courage, determination and foresight to decide to become an entrepreneur. From the relatively safe cocoon of the corporate world, where paychecks arrive regularly, you will be venturing into the unchartered territories of business.Is there a way to determine whether you can be a successful entrepreneur, or you are better off to work for somebody else? Alas, there is no formula for success. However, most successful entrepreneurs share these ten characteristics. Check if you possess any one of them:1. Think success. To attain the kind of success that you want, you need to dream big. Every success story starts with big dreams. You need to have big dreams for yourself - which you want to be somebody rich, famous or fulfilled. You need to have a clear vision o
The new chat room Stockmeetingplace.com has an educational bias where traders from around the world come to exchange ideas, swap exploration formulas and discuss trading techniques.
Many topics are covered and for the benefit of readers who may not have read the following, this article is based on four posts on Stockmeetingplace which were recently provided by two regular contributors to this newsletter and myself on the subject of the difficulty in taking stop losses.
This topic was introduced by a new trader Jim who wrote:
Okay I'm going admit it, "I find it hard to act on stop losses". I know I'm not the only one.
Many possible reasons ...I'm comfortably ahead this year anyway...the companies are fundamentally sound with good prospects...the price decline defies common sense (this is a common thought). I've pondered on this for some time now.
Anyway, I know I've got a problem that could bite me hard if the market turned nasty. For those of you that have been here but overc
The Internet and the World Wide Web have changed almost every level of business. Instant payday loans and other finance and cash-advance lenders are no exception to this. Online lenders offer many advantages over finance companies that operate exclusively from a shopfront. With the lower overheads that online business demands, the larger groups will inevitably offer loans with lower rates of interest to compete with other companies vying for your business. No-fax payday loans, also known as no fax payday loans, are the name that advance cash lenders use to describe an instant approval payday loan which does not require you to send a copy of any documents to the lender in order to be approved.Most no fax lenders will require you enter a number of details into an online Web form, including your name, address, birth-date, and other personal information. Before approving your for a no fax instant payday loan, you will have to provide the lender with the det
This topic was introduced by a new trader Jim who wrote:
Okay I'm going admit it, "I find it hard to act on stop losses". I know I'm not the only one.
Many possible reasons ...I'm comfortably ahead this year anyway...the companies are fundamentally sound with good prospects...the price decline defies common sense (this is a common thought). I've pondered on this for some time now.
Anyway, I know I've got a problem that could bite me hard if the market turned nasty. For those of you that have been here but overc
Finding a web hosting in Kenya took me more than days. I should say it took me weeks. I started off with some local providers like the Africa online and Kenya web. But soon found that the Bandwidth I required was not provided. I also came to know that some of my friends and clients in the America were not able to see my website due to the Bandwidth limits. After a lot of procrastination, I came to the conclusion that I should use a provider who is global and not a local provider. At the end of the day it does not matter where I host my website as long as every one around can access it.So what’s all about the Web hosting in Kenya which makes it so bad?Poor infrastructure.Very bad customer servicePoor Turn Around timeGoogle Hardly recognizes my website.That was enough to tell me that I had to move forward with a decent web hosting provider. But who can give me a decent h
Many possible reasons ...I'm comfortably ahead this year anyway...the companies are fundamentally sound with good prospects...the price decline defies common sense (this is a common thought). I've pondered on this for some time now.
Anyway, I know I've got a problem that could bite me hard if the market turned nasty. For those of you that have been here but overcame it, please share your thoughts on how you did it.
In response, John Atkinson replied:
"In Daryl's first book Share Trading he uses the analogy for wannabe traders of learning to put down notes on the footpath and have someone pick them up & walk away with your money. During the tech stock run traders worldwide felt they were invincible as stocks soared at an incredibly fast pace. During those times we found it easy to sell out at losses when you were making up for it on other profitable trades.
Then one week the party was over - and all of a sudden its not any fun anymore as you see red on any screen you look at - and no more green up days
First of all regret hits you - wishing you hadn't listened to that broker who told you to hold - regret you hadn't got out sooner - regret you hadn't acted on your stop (if you set one in the first place) or not bought such a large position or too many positions or had actually taken the time to get some education on technical analysis, psychology and risk management in the first place
This then moves to hope - the BHP approach - Buy Hope and Pray - you find yourself looking at the charts or screen hoping the share will turn around - believe me the share can't hear you - it doesn't care about you or your hope - it always did and always will respond to supply & demand and if no-one wants it , it's headed South.
Then fear really hits - gut wrenching fear as you see your capital decimated - 20 years of working multi
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