Financial Master Wendy Kirkland Releases “Smart Paycheck”– A Proven,High-Return Method to Investing During the “New Typical”

Having actually been trading stocks and options in the capital markets expertly over the years,I have seen lots of ups and downs.

I have seen paupers become millionaires over night …

And

I have seen millionaires become paupers over night …

One story informed to me by my coach is still engraved in my mind:

” When,there were 2 Wall Street stock market multi-millionaires. Both were extremely successful and decided to share their insights with others by offering their stock market forecasts in newsletters. Each charged US$ 10,000 for their opinions. One trader was so curious to understand their views that he invested all of his $20,000 savings to buy both their opinions. His pals were naturally delighted about what the two masters needed to say about the stock market’s instructions. He was fuming mad when they asked their good friend. Confused,they asked their good friend about his anger. He stated,’One stated BULLISH and the other stated BEARISH!'”.

The point of this illustration is that it was the trader who was wrong. In today’s stock and choice market,people can have different opinions of future market instructions and still earnings. The distinctions lay in the stock selecting or options strategy and in the mental attitude and discipline one utilizes in carrying out that strategy.Wendy Kirkland Trader

I share here the fundamental stock and choice trading concepts I follow. By holding these concepts firmly in your mind,they will assist you regularly to success. These concepts will assist you reduce your risk and permit you to evaluate both what you are doing right and what you might be doing wrong.

You might have read ideas comparable to these prior to. I and others utilize them because they work. And if you reflect and remember on these concepts,your mind can utilize them to assist you in your stock and options trading.

CONCEPT 1.

SIMPLENESS IS PROFICIENCY.

When you feel that the stock and options trading method that you are following is too intricate even for easy understanding,it is probably not the best.

In all elements of successful stock and options trading,the most basic techniques typically emerge victorious. In the heat of a trade,it is simple for our brains to become emotionally overloaded.

CONCEPT 2.

NOBODY IS OBJECTIVE ENOUGH.

If you feel that you have absolute control over your feelings and can be objective in the heat of a stock or options trade,you are either a dangerous species or you are an unskilled trader.

No trader can be absolutely objective,especially when market action is wildly irregular or uncommon. Similar to the best storm can still shake the nerves of the most skilled sailors,the best stock market storm can still unnerve and sink a trader extremely quickly. One must endeavor to automate as lots of critical elements of your strategy as possible,especially your profit-taking and stop-loss points.

CONCEPT 3.

HOLD ON TO YOUR GAINS AND CUT YOUR LOSSES.

This is the most important concept.

A lot of stock and options traders do the opposite …

They hang on to their losses way too long and see their equity sink and sink and sink,or they get out of their gains too soon just to see the rate increase and up and up. In time,their gains never ever cover their losses.

This concept takes some time to master effectively. Reflect upon this concept and review your past stock and options trades. You will see its fact if you have been undisciplined.

CONCEPT 4.

HESITATE TO LOSE MONEY.

Are you like many novices who can’t wait to jump right into the stock and options market with your cash wishing to trade as soon as possible?

On this point,I have found that many unprincipled traders are more afraid of missing out on “the next huge trade” than they are afraid of losing cash! The key here is STAY WITH YOUR STRATEGY! Take stock and options trades when your strategy signals to do so and prevent taking trades when the conditions are not met. Exit trades when your strategy states to do so and leave them alone when the exit conditions are not in place.

The point here is to be afraid to discard your cash because you traded needlessly and without following your stock and options strategy.

CONCEPT 5.

YOUR NEXT TRADE COULD BE A LOSING TRADE.

Do you absolutely think that your next stock or options trade is going to be such a huge winner that you break your own money management rules and put in whatever you have? Do you remember what normally takes place after that? It isn’t pretty,is it?

No matter how confident you might be when going into a trade,the stock and options market has a way of doing the unanticipated. Always stick to your portfolio management system. Do not intensify your expected wins because you might wind up compounding your extremely real losses.

CONCEPT 6.

EVALUATE YOUR EMOTIONAL CAPABILITY PRIOR TO INCREASING CAPITAL OUTLAY.

You understand by now how different paper trading and real stock and options trading is,don’t you?

In the very same method,after you get used to trading real cash regularly,you find it extremely different when you increase your capital by 10 fold,don’t you?

What,then,is the distinction? The distinction is in the emotional concern that comes with the possibility of losing a growing number of real cash. This takes place when you cross from paper trading to real trading and also when you increase your capital after some successes.

After a while,many traders understand their optimal capability in both dollars and feeling. Are you comfortable trading up to a couple of thousand or 10s of thousands or hundreds of thousands? Know your capability prior to committing the funds.

CONCEPT 7.

YOU ARE An AMATEUR AT EVERY TRADE.

Ever felt like a specialist after a couple of wins and after that lose a lot on the next stock or options trade?

Overconfidence and the incorrect sense of invincibility based on past wins is a dish for disaster. All professionals respect their next trade and go through all the correct steps of their stock or options strategy prior to entry. Deal with every trade as the very first trade you have ever made in your life. Never ever differ your stock or options strategy. Never ever.

CONCEPT 8.

YOU ARE YOUR FORMULA TO SUCCESS OR FAILURE.

Ever followed an effective stock or options strategy just to fail terribly?

You are the one who determines whether a technique fails or succeeds. Your personality and your discipline make or break the strategy that you utilize not vice versa. Like Robert Kiyosaki states,”The financier is the liability or the property,not the investment.”.

Understanding yourself first will lead to eventual success.

CONCEPT 9.

CONSISTENCY.

Have you ever altered your mind about how to implement a technique? You end up catching nothing but the wind when you make changes day after day.

Stock market changes have more variables than can be mathematically formulated. By following a proven strategy,we are assured that somebody successful has actually stacked the odds in our favour. When you review both winning and losing trades,identify whether the management,entry,and exit met every criteria in the strategy and whether you have followed it specifically prior to changing anything.

In conclusion …

I hope these easy standards that have led my ship out of the harshest of seas and into the best harvests of my life will assist you too. Best of luck.

Reflect upon this concept and review your past stock and options trades. Take stock and options trades when your strategy signals to do so and prevent taking trades when the conditions are not met. Do you absolutely think that your next stock or options trade is going to be such a huge winner that you break your own cash management rules and put in whatever you have? No matter how confident you might be when going into a trade,the stock and options market has a way of doing the unanticipated. All professionals respect their next trade and go through all the correct steps of their stock or options strategy prior to entry.