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

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

I have seen paupers become millionaires overnight …

And

I have seen millionaires become paupers overnight …

One story told to me by my mentor is still engraved in my mind:

” Once,there were 2 Wall Street stock market multi-millionaires. Both were very effective and chose to share their insights with others by offering their stock market projections in newsletters. His buddies were naturally delighted about what the 2 masters had to state about the stock market’s instructions.

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

I share here the basic stock and option trading principles I follow. By holding these principles strongly in your mind,they will guide you consistently to profitability. These principles will help you reduce your risk and enable you to examine both what you are doing right and what you may be doing wrong.

You may have read ideas similar to these prior to. I and others use them since they work. And if you show and memorize on these principles,your mind can use them to guide you in your stock and options trading.

CONCEPT 1.

SIMPLENESS IS PROFICIENCY.

It is most likely not the best when you feel that the stock and options trading technique that you are following is too complicated even for simple understanding.

In all aspects of effective stock and options trading,the easiest methods often emerge triumphant. In the heat of a trade,it is easy for our brains to become mentally overloaded. If we have a complex strategy,we can not stay up to date with the action. Simpler is much better.

CONCEPT 2.

NOBODY IS GOAL ENOUGH.

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

No trader can be absolutely objective,specifically when market action is hugely unpredictable or uncommon. Much like the best storm can still shake the nerves of the most seasoned sailors,the best stock exchange storm can still unnerve and sink a trader very quickly. One must venture to automate as many crucial aspects of your strategy as possible,specifically your profit-taking and stop-loss points.

CONCEPT 3.

HANG ON TO YOUR GAINS AND CUT YOUR LOSSES.

This is the most essential principle.

Many stock and options traders do the opposite …

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

This principle takes some time to master appropriately. Reflect upon this principle and evaluate your previous stock and options trades. You will see its truth if you have been undisciplined.

CONCEPT 4.

HESITATE TO LOSE MONEY.

Are you like the majority of beginners who can’t wait to leap right into the stock and options market with your money wishing to trade as soon as possible?

Take stock and options trades when your strategy signals to do so and avoid taking trades when the conditions are not satisfied. Exit trades when your strategy says to do so and leave them alone when the exit conditions are not in location.

Due to the fact that you traded unnecessarily and without following your stock and options strategy,the point here is to be afraid to toss away your money.

CONCEPT 5.

YOUR NEXT TRADE COULD BE A LOSING TRADE.

Do you absolutely believe that your next stock or options trade is going to be such a big winner that you break your own money management guidelines and put in whatever you have? Do you remember what typically happens after that? It isn’t quite,is it?

No matter how positive you may be when going into a trade,the stock and options market has a method of doing the unforeseen. Constantly stick to your portfolio management system. Do not intensify your expected wins since you may end up compounding your very real losses.

CONCEPT 6.

EVALUATE YOUR EMOTIONAL CAPACITY PRIOR TO INCREASING CAPITAL OUTLAY.

You understand by now how different paper trading and real stock and options trading is,do not you?

In the very same method,after you get used to trading real money consistently,you find it very different when you increase your capital by 10 fold,do not you?

What,then,is the difference? The difference is in the emotional concern that features the possibility of losing a growing number of real money. When you cross from paper trading to real trading and likewise when you increase your capital after some successes,this happens.

After a while,the majority of traders understand their optimal capability in both dollars and emotion. Are you comfy trading as much as a few thousand or 10s of thousands or hundreds of thousands? Know your capability prior to devoting the funds.

CONCEPT 7.

YOU ARE A NOVICE AT EVERY TRADE.

Ever seemed like an expert after a few wins and then lose a lot on the next stock or options trade?

Overconfidence and the incorrect sense of invincibility based upon previous wins is a dish for catastrophe. All experts appreciate their next trade and go through all the proper 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 stop working badly?

You are the one who determines whether a method prospers or stops working. Your character and your discipline make or break the strategy that you use not vice versa. Like Robert Kiyosaki says,”The investor is the liability or the possession,not the investment.”.

Understanding yourself first will result in ultimate success.

CONCEPT 9.

CONSISTENCY.

Have you ever changed your mind about how to execute a method? When you make changes day after day,you end up catching nothing but the wind.

Stock exchange changes have more variables than can be mathematically developed. By following a tested strategy,we are assured that somebody effective has stacked the odds in our favour. When you evaluate both winning and losing trades,figure out whether the management,exit,and entry satisfied every criteria in the strategy and whether you have followed it exactly prior to changing anything.

In conclusion …

I hope these simple guidelines that have led my ship out of the harshest of seas and into the very best harvests of my life will guide you too. Good Luck.

Show upon this principle and evaluate your previous stock and options trades. Take stock and options trades when your strategy signals to do so and avoid taking trades when the conditions are not satisfied. Do you absolutely believe that your next stock or options trade is going to be such a big winner that you break your own money management guidelines and put in whatever you have? No matter how positive you may be when going into a trade,the stock and options market has a method of doing the unforeseen. All experts appreciate their next trade and go through all the proper steps of their stock or options strategy prior to entry.

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