Friday, September 19, 2008

Tips for Sanity

Don’t drive yourself crazy by watching the quote feed from your broker throughout the day. This was one of my biggest problems when I first started trading. I would buy a stock, then open up the streaming quotes from my broker and watch the stock prices every minute throughout the day.

Often times I would see my stock dip a couple of percent, panic and sell it, then find that it had closed ten percent up. Stay calm and let your sanity stay intact.

The only thing you should really be looking for once you buy a stock is the sell signal generated by your Stock Assault 2.0 software or once a decent profit has been reached in your mind. Don't get too greedy, the market can turn on you. Have a good one!

- Roger

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