A lot of people do not realize that they buy the stock because of greed and they sell the stock because of fear because what they have in their mind is how to make money as quick as possible and as easiest as possible without knowing the behavior of the stock market. In order to make profit, we should be able to acknowledge some strategy and be discipline.
Therefore, some people take their money away from the stock market and switch to commodity or foreign exchange. However, one thing we should realize that there are some industries/sectors that do not get impact the during this recession even some stocks rally up due to high inflation and wide market segmentation, meaning to say that people worldwide still use the product or service for doing everyday need or for supporting to run the business. As swing traders, this is good opportunity to growth our portfolio and to make consistently profit.
Even, we can pick up some stocks are really really undervalue in which people are fear to lose therefore they sell everything, not knowing fundamental of the companies. Also, for option trader, we can take profit from bi-directional by using some particular strategies.
Therefore, the question that we should ask to our self is are we getting poorer or richer after this recession?, do you want to know how to find those stocks? For option trader, do you want to know the strategy that will generate us profit in bi-directional market?
Wednesday, May 13, 2009
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Jesse Livermore Said
"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor."
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