Tuesday, December 11, 2012
The Trade That Never Was
You win some you lose some; and then there's the phrase, "you could have won some; you could have lost some". As stocks has it's ups and downs, lets say you find a gem. You find the perfect stock that you like and put it on your watch list. But, you don't seem to jump at the opportunity to buy some, so you wait awhile and watch it. Over time lets say you even forget about. Then you look back at your watch list at the end of the year do some calculations and realize that the stock that you loved a year ago, is up 98% this year. It makes you almost want to punch a wall. Listen, we've all been their, chose a stock, it did well, and never got in it. The important tip to get out of this is to start being more aggressive. Don't dwell on the fact you could have made so much money, but make it a learning experience. You picked the right stock! That was a good start, now you have to be aggressive, smart, and confident to buy some shares of it. The faster you rebound from the trade that never was, the faster you'll be headed down the right track to find a new stock that could be even more successful. The three biggest factors to a successful investor is to be confident, wise, and willing to do as much research as it takes. The faster you buy into that motto, the faster you will become a successful investor. You have to be willing to do things that have not been done before, a creative mind will be a big key to thinking differently than other people. You can't think what is best for you when investing, you have to think about it from the companies or the customers perspective. It'll take awhile to get used to but once you do, it's a nice factor and a big step to becoming a great investor.
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