During the day, you check out the share price, either smiling when it moves up, or losing that grin when it moves lower.
While we can never admit it, sometimes buying a stock is just like falling in love. We spend a long time looking for that one special someone, we get excited with every call, and sad when we can't be with them. Our heart moves on an emotional roller coaster depending on how things went on our last date.
Amazing how emotion controls us.
The problem is, when we fall in love, we overlook some of the things that would normally make us avoid either that person, or, in the case of stock market investing, a company. Before long, we're wondering how to get out without causing too much pain.
Don't fall in love with your stocks. Fall in love with your kids, your spouse and other aspects of your life, but do not fall in love with your stocks. If you want to be a successful investor, you need to remove the emotion from your trading. When you have exited your position, do a happy dance or pout if you must, but don't let any emotions cloud your ability to make decisions.
Your mind will follow your heart. It will tell you that you should hold when you should sell, and tell you to sell when you should be holding. Don't fall in love with your stocks.
Where 90% of traders get it wrong is that they convince themselves that if they are down 40% already, there will be a bounce soon. Naturally, there is a small bounce as the shorts cover their positions. This provides a small pop and now our investor is down only 30%. Now emotion sets in, and convinces our trader that the worst is behind them since the trend is moving higher. Problem is, after the bounce, there is often no buying pressure, and the share price tests recent lows, and heads lower, turning a bad situation into an even worse one.
Be smart. Don't fall in love with your stocks. Execute your plan, and then celebrate (either because you made some money, or because you avoided taking a larger loss).
Have you ever wondered if what you know about network marketing, multi level, MLM is accurate? Consider the following paragraphs and compare what you know to the latest info on network marketing, multi level, MLM.
Put that website up, and they will come... NOT! And even if they were to come looking for you, standing on the street corner, shouting your name, will you be ready to respond? You better fall in love with Internet Marketing.
Bill Gates has been quoted in 2000 saying "There are 2 kinds of businesses going forward: Those who have an internet presence and those who are out of business."
Let's face it, you must become knowledgeable about the internet. In fact, unless you already enjoy having marketing experts on your team, you will need to make marketing your new love.
Marketing is more than advertising. Marketing is much more. It's who you are in the marketplace. It's what you represent. It's what folks think when they think of you. Marketing is the way you compete for brain space. It's your message.
Most important, marketing is your road to wealth. If you are waiting for folks to find you, you will go broke. If you get in front of the people who are looking for you, and you communicate in a way that is compelling, you win.
Marketing is the art of getting in front of those people who are looking for you and communicating in the language that they want to hear.
You can see that there's practical value in learning more about network marketing, multi level, MLM. Can you think of ways to apply what's been covered so far?
So here is the deal: Fall in-love with marketing. Make it a game. Keep score. Develop the marketing skills that will take you where you want your business to go.
I believe strongly in finding a mentor in whatever area I want to master. I find the best for my current education level and my ability to afford them and study. I do what they do. And I make a point of learning from multiple sources. If you can't afford to study personally with a mentor, read their books, listen to their programs, get on their email list and get busy.
The great thing about internet marketing is the tons of free information and strategies available. You can begin by searching out every marketing guru out there reading the free materials they offer.
By starting with the free education, you learn the vocabulary and strategies that are currently available on the internet. I don't recommend buying anything initially. Take a look at all the offerings and work to get your head on straight about what is available vs. what you need in your business.
I make a point of subscribing to a number of internet marketing newsletters. I download Podcasts, those audio shows that are free for the download. I watch videos.
While I don't do everything that is suggested, I find that the constant exposure to new marketing ideas keeps me fresh. I understand that marketing doesn't come naturally to me: I must learn my game. This is a free and gentle way to keep myself thinking about marketing.
So now you know a little bit about network marketing, multi level, MLM. Even if you don't know everything, you've done something worthwhile: you've expanded your knowledge.
Both Christopher Smith & Francisco Rodriguez are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Christopher Smith has sinced written about articles on various topics from Home Management, Finances and Botox. Looking for an ? You'll find some great OTCBB listed profiles of up and coming companies. Learn more today at. Christopher Smith's top article generates over 450000 views. to your Favourites.
Francisco Rodriguez has sinced written about articles on various topics from Home Based Business, Stock and Home Based Business. Turn your network marketing dreamsinto reality. Learn how Free!. Francisco Rodriguez's top article generates over 450000 views. to your Favourites.