Momentum Stock Message 27th October- Automate your trading
Hi
You must make your stock trading as close to automated as you possibly can. Why? It removes all emotions from your trading. I am not saying my method (system) is the best in the world. But it is automatic and it does work in bull and bear markets. Sure, I am wrong. I take a loss and move on. No questions asked. No emotional decisions. No thinking about what could I, should I do. And when I snag a big winner I automatically follow my system and let that kick me out of the trade as opposed to agonysing whether I should get out or give it some more room. I do not pick tops and bottoms. I am not that clever. Nor do I need to be.
To me, being unemotional about my stock trading is as improtant as thi gains. I’d raher make 40% on my money using my automatic method than 60% but where I ran up and down with my emotions, worrying about positons. Second guessing etc. You have to decide what is important to you. Peace of mind or trying to wring out that extra 10% by being smart?
What holds more value for you, time or money? I haven’t looked at stock intra day prices for a few months now. And boy do I feel better for it. It can become a very bad and time consuming habit to check on intra day price quotes everal times a day. not to mention to ups and downs your emotions go through every time you see your stock price going with you or going against you.
Automate your trading. Run it like a business. Say goodbye to emotional trading and get a life away from the quote machine. You will feel much better for it down the road.
Bear market:
Shorts:
AAPL,
AMZN,
MA
DRYS
FSLR
GOOG
Regards
Mark Crisp
