Too often emotions weigh on our objective judgment and market perceptions. The right mindset is critical to success as psychology plays such an important role in winning the battles.
Markets are not GOOD or BAD…they just are. Sometimes they move up and sometimes they move down.
Opportunities arise every minute of every trading day for those prepared to profit. These are the best times in history for individual investors.
5 Reasons to Invest Today
- Electronic trading has leveled the playing field. Access to opportunities is unprecedented with Stocks, Commodities, Options and Currency markets at your fingertips night and day. Any market, any direction at almost any time.
- Liquidity – Sellers when you want to buy and buyers when you want to sell.
- Tight Bid/Ask Spreads – Many stocks and options now trade in penny increments compared to the 1/8ths before decimalization that made entry and exit much more expensive.
- Low Commissions – The old days of expensive transaction costs are over. It’s easier than ever to put more money in your account than your broker’s. Commissions should perform a positive function in preventing overtrading or emotionally chasing markets.
- Disciplined Execution – Being able to plan a trade and trade the plan gives you the power to succeed.
Perspective is important when weighed upon by market misses.
The markets are capitalism at its finest. No store to open or stock to shelve, no employees or products to push. And most importantly you set the hours!
Start small and develop your trading skills with low dollar positions. Initially, the process of developing good habits is more important than profits.
The key is to develop a trading methodology and risk tolerance that you are comfortable with. Experiment with strategies and techniques to find what works for you.
Once you find the right method, it is just a matter of adding zeros…building bigger positions without changing your method.
All you need is a positive mindset and faith that your trading discipline will provide the success you desire.
