Home » General » Financial Master Wendy Kirkland Releases “Smart Paycheck”– A Proven,High-Return Technique to Investing Throughout the “New Normal”

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Financial Master Wendy Kirkland Releases “Smart Paycheck”– A Proven,High-Return Technique to Investing Throughout the “New Normal”

Having been trading stocks and options in the capital markets expertly over the years,I have seen numerous ups and downs.

I have seen paupers end up being millionaires over night …

And

I have seen millionaires end up being paupers over night …

One story informed to me by my mentor is still etched in my mind:

” Once,there were two Wall Street stock market multi-millionaires. Both were extremely successful and decided to share their insights with others by offering their stock market forecasts in newsletters. His pals were naturally delighted about what the two masters had to say about the stock market’s direction. High-Return Approach to Investing During the New Normal

The point of this illustration is that it was the trader who was wrong. In today’s stock and alternative market,individuals can have different opinions of future market direction and still profit. The distinctions lay in the stock choosing or options strategy and in the mental attitude and discipline one utilizes in carrying out that strategy.

I share here the fundamental stock and alternative trading principles I follow. By holding these principles strongly in your mind,they will direct you consistently to success. These principles will help you decrease your risk and allow you to assess both what you are doing right and what you might be doing wrong.

You might have checked out concepts similar to these before. Since they work,I and others use them. And if you show and remember on these principles,your mind can use them to direct you in your stock and options trading.

CONCEPT 1.

SIMPLENESS IS PROFICIENCY.

When you feel that the stock and options trading technique that you are following is too intricate even for simple understanding,it is probably not the very best.

In all aspects of successful stock and options trading,the easiest approaches frequently emerge victorious. In the heat of a trade,it is simple for our brains to end up being mentally overloaded. We can not keep up with the action if we have a complex strategy. Simpler is much better.

CONCEPT 2.

NOBODY IS OBJECTIVE ENOUGH.

If you feel that you have absolute control over your feelings and can be unbiased in the heat of a stock or options trade,you are either a hazardous species or you are an unskilled trader.

No trader can be definitely unbiased,particularly when market action is unusual or hugely unpredictable. Just like the perfect storm can still shake the nerves of the most skilled sailors,the perfect stock exchange storm can still unnerve and sink a trader very quickly. One should endeavor to automate as numerous important aspects of your strategy as possible,particularly your profit-taking and stop-loss points.

CONCEPT 3.

HOLD ON TO YOUR GAINS AND CUT YOUR LOSSES.

This is the most important concept.

The majority of stock and options traders do the opposite …

They hold on to their losses way too long and view their equity sink and sink and sink,or they leave their gains prematurely just to see the rate go up and up and up. With time,their gains never ever cover their losses.

This concept takes time to master effectively. Contemplate this concept and review your previous stock and options trades. You will see its fact if you have been unrestrained.

CONCEPT 4.

BE AFRAID TO LOSE CASH.

Are you like a lot of newbies who can’t wait to jump right into the stock and options market with your cash intending to trade as soon as possible?

Take stock and options trades when your strategy signals to do so and avoid taking trades when the conditions are not met. Exit trades when your strategy says to do so and leave them alone when the exit conditions are not in place.

Since you traded needlessly and without following your stock and options strategy,the point here is to be afraid to toss away your cash.

CONCEPT 5.

YOUR NEXT TRADE COULD BE A LOSING TRADE.

Do you definitely believe that your next stock or options trade is going to be such a big winner that you break your own finance rules and put in whatever you have? Do you remember what typically occurs after that? It isn’t pretty,is it?

No matter how positive you might be when going into a trade,the stock and options market has a method of doing the unforeseen. Always stick to your portfolio management system. Since you might end up compounding your very genuine losses,do not compound your awaited wins.

CONCEPT 6.

GAUGE YOUR PSYCHOLOGICAL CAPABILITY PRIOR TO INCREASING CAPITAL OUTLAY.

You know by now how different paper trading and genuine stock and options trading is,don’t you?

In the very same method,after you get used to trading genuine cash consistently,you find it extremely different when you increase your capital by 10 fold,don’t you?

What,then,is the distinction? The distinction is in the emotional problem that comes with the possibility of losing increasingly more genuine cash. This occurs when you cross from paper trading to genuine trading and likewise when you increase your capital after some successes.

After a while,a lot of traders understand their maximum capacity in both dollars and emotion. Are you comfy trading approximately a couple of thousand or 10s of thousands or hundreds of thousands? Know your capacity before dedicating the funds.

CONCEPT 7.

YOU ARE A BEGINNER AT EVERY TRADE.

Ever seemed like an expert after a couple of wins and after that lose a lot on the next stock or options trade?

All experts appreciate their next trade and go through all the proper steps of their stock or options strategy before entry. Never deviate from your stock or options strategy.

CONCEPT 8.

YOU ARE YOUR FORMULA TO SUCCESS OR FAILURE.

Ever followed an effective stock or options strategy just to stop working terribly?

You are the one who identifies whether a method is successful or stops working. Your character and your discipline make or break the strategy that you use not vice versa. Like Robert Kiyosaki says,”The financier is the property or the liability,not the investment.”.

Understanding yourself first will lead to eventual success.

CONCEPT 9.

CONSISTENCY.

Have you ever altered your mind about how to carry out a method? When you make changes day after day,you end up capturing nothing but the wind.

Stock market fluctuations have more variables than can be mathematically developed. By following a tested strategy,we are ensured that someone successful has actually stacked the chances in our favour. When you review both winning and losing trades,determine whether the management,exit,and entry met every criteria in the strategy and whether you have followed it precisely before altering anything.

In conclusion …

I hope these simple standards that have led my ship out of the harshest of seas and into the very best harvests of my life will direct you too. Good Luck.

Reflect upon this concept and review your previous stock and options trades. Take stock and options trades when your strategy signals to do so and avoid taking trades when the conditions are not met. Do you definitely believe that your next stock or options trade is going to be such a big winner that you break your own cash management rules and put in whatever you have? No matter how positive you might be when going into a trade,the stock and options market has a method of doing the unforeseen. All experts appreciate their next trade and go through all the proper steps of their stock or options strategy before entry.

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