Charts Don't Lie 20 Extremely Practical Day Trading Rules: How to Make Money Daily in the Stock Market with Conviction and Confidence
Description
Do you want to possess the power to make money from the market automatically?
What if the BIG secret of making money from the stock market consistently is not intelligence, but winning habits instead?
The great Vince Lombardi once said, "Winning is a habit, but unfortunately, so is losing. Warren Buffet publicly mocked the importance of high IQs among investors.
Hence, winning habit is the key to winning investments. But, what ARE winning habits? And how to cultivate them? And the answer is one word: Discipline.
Indiscipline traders are prone to impulse trading. Impulse trading means trading without plan and strictly based on gut feeling. Impulse trading also means trading based on someone else’s opinion or even CNBC news.
Do you believe in your gut feeling when it comes to investing? Well, tell me honestly, how did your gut treat you in Vegas? Just like the casinos, if you don't have disciplines, the Mother Market will mercilessly take your money
It is not instinct that makes money in the market. It is the right system and the right habits. This is the reason the legendary Peter Lynch once said "Natural-born investor is a myth."
What you will learn in this book:
1) Identify and change the bad habits holding you back from money.
2) Free you up from the demon of trading indiscipline. This includes over-trading and revenge, impulsive trading.
3) Why most investors achieve stunningly poor returns on their money - and how to NOT become one of them.
4) How to have the confidence to make money consistently to pay your bills and other obligations.
5) How to avoid stressing out about your investments.
6) How to use the habits you cultivate to automatically execute investment plans.
85% of people are losing money in the market anyway as they gamble their money away, trading and investing without cultivating winning habits beforehand.
The same 85% quit after two years or gladly overpay some money managers (whose investing skills, despite their financial background, are probably not that different from them) to take care of their money.
If only they want to learn more about the disciplines required in trading instead of focusing on finding the holy grail (that never exists). Trading is NEVER about high intellectual. It is about psychology and discipline.
When you make a decision without sound analysis and prudent risk management, you have the same chance of being right with all those Baccarat players in the casinos.
How do we avoid gambling when trading? Simple. We need to have a trading plan.
The next logical question: How can we devise a sound, solid, simple, yet profitable trading plan?
Again, simple. We should have the disciplines required that we turn into set of trading rules!
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