If you are like me, you probably were raised to believe that life is about going to school, get good grades so you will be hired by the best firms. Nobody told us that we are masters of our own fate and captains of our own souls. That we can be anything we want to be, if we apply our minds smartly. This loser mentality brainwashed us so much so, that we can’t think prosperity without thinking about a job. We even forgot that there is a genius in every one of us that needs to be awakened.
Another reason why focusing on your profits and losses can be bad is it can cause you to stay in a bad trade for too long. In which case you to hold onto the trades and try and turn a loss into a profit. The idea behind this is “You don’t lose money until you sell”.
A Trading range shows the sideways movement of stock prices. Traders are looking for stocks that are range-bound because a dramatic movement up or down signals action for Forex Traffic. Although the range is useful for some traders it does not indicate a price trend.
Now that one has burnt his finger as a speculator, he qualifies to become an Investor. The losses are the tuition fees that one pays to learn from the bears. The bulls just kick, not bears. This is why there is always a “Bear Hug’. Only those hug who are our friends or well wishers. Have you heard ever the term “Bull Hug”?
The hourly rate is not calculated, but a person then goes and spends three days, say from Monday to Wednesday, 16 hours each day writing, an eBook on how to strip down a BMW model 320i car engine. They then spend another day editing, packaging (sourcing and supplying graphics) and supplying references, getting copyright and disclaimers written up, and submitting their book to the various Internet book stores for sale. The book sells for $20.00 and they collect 25% commission ( $5.00) per sale. they sell 100 copies world wide in the first week, 200 copies the 2nd week and 300 copies the 3rd week. After this they stop counting. The formula is something like this.
The very first thing to remember is that always do your homework before you even think of investing. Even when a firm seem promising enough at the first go, it is necessary to dig deeper and find everything regarding their cash flow, changes in the management if any and also their international investment position. Only when you find the firm satisfactory in all counts, then only it is prudent to go on and invest in it. Following the fad may lead to disaster. Do not listen to anybody because it may be misleading.
Good News is there is a way for those who are courageous enough to follow the road less travelled. Those who are smart enough to awaken the sleeping Genius in them and believe dreams do come true.