Added: Dec 1, 2008

From: AirelonTrading

Duration: 9:8

My Daily Blog is at: http://investorandtrader.blogspot.com/Without emotional discipline, you cannot succeed as an investor, or a trader. What are some facts to consider to assist you develop emotional discipline?Where is the wealth coming from with investing?NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research.

Channel: Education

Tags: airelon  commodityfutures  emotionaldiscipline  forex  howto  invest  investing  moneymanagement  rsi  stockmarket  trade  trading 

Rating: 5.00 (6 ratings)    Views: 287    Comments: 6

newutubejunkie Says:

Dec 1, 2008 - Thanks Dan,Yeah, I wish I would have known more about and stuck to $ Mgmt before I jumped in with both feet. I'm guilty of putting more than 3% in some positions. Now I'm just holding on and hoping for turn-arounds. Live&Learn. I'm not freaking too much, 'cause like you said, I need to give it all time. Once it all swings around, I'll be smarter and do some redistributing.Joe

AirelonTrading Says:

Dec 1, 2008 - Well, here's an idea. Not sure the size, but what about letting all the dividends pay you cash, instead of DRIP'ing? If it's something like Sharebuilder - you can turn it on and off with the click of a button. Receive Cash for a while, and you'll have a little bit of a cushion. Then you can turn the DRIP program back on. Just an option. :)

oceanviewtrader Says:

Dec 1, 2008 - Like your wisdom.Peace Out,JeffMiami,FL

newutubejunkie Says:

Dec 1, 2008 - I'll have to check into that, and ponder on it some. Thanks. Joe

AirelonTrading Says:

Dec 1, 2008 - Thanks mate. I appreciate you saying so.Regards,Dan

Renegen1 Says:

Dec 1, 2008 - newutube, you said you had positions bigger than 3% and now you're holding and HOPING for a turn around. While not a bad idea and you shouldn't try to time the market too much, when I day trade and would make such a mistake I would get out asap no matter the situation. Careful, because of your large position in some of these stocks you might be shaken out. You need emotional capital, and yours will be depleted as you wait for the turn arounds.