Financial Expert Wendy Kirkland Reveals “Smart Paycheck”– A Proven,High-Return Approach to Investing During the “New Normal”

Having been trading stocks and options in the capital markets expertly for many years,I have seen many ups and downs.

I have seen paupers end up being millionaires overnight …

And

I have seen millionaires end up being paupers overnight …

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

” Once,there were two Wall Street stock market multi-millionaires. Both were incredibly successful and decided to share their insights with others by selling their stock market projections in newsletters. His buddies were naturally delighted about what the two masters had to say 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 various viewpoints of future market instructions and still profit. The distinctions lay in the stock choosing or options strategy and in the mental attitude and discipline one uses in implementing that strategy.https://www.amazon.com/Wendy-Kirkland/e/B002L75OII

I share here the fundamental stock and option trading principles I follow. By holding these principles firmly in your mind,they will guide you regularly to profitability. These principles will help you decrease your threat and permit you to examine both what you are doing right and what you might be doing wrong.

You might have read ideas similar to these prior to. I and others use them due to the fact that they work. And if you reflect and memorize on these principles,your mind can use them to guide you in your stock and options trading.

PRINCIPLE 1.

SIMPLICITY IS MASTERY.

When you feel that the stock and options trading approach that you are following is too complicated even for easy understanding,it is most likely not the very best.

In all elements of successful stock and options trading,the simplest techniques often emerge victorious. In the heat of a trade,it is simple for our brains to end up being emotionally overloaded. If we have a complex strategy,we can not keep up with the action. Simpler is much better.

PRINCIPLE 2.

NO ONE IS OBJECTIVE ENOUGH.

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

No trader can be absolutely objective,particularly when market action is extremely unpredictable or uncommon. Similar to 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 really rapidly. For that reason,one should strive to automate as many vital elements of your strategy as possible,particularly your profit-taking and stop-loss points.

PRINCIPLE 3.

HANG ON TO YOUR GAINS AND CUT YOUR LOSSES.

This is the most crucial concept.

Many stock and options traders do the opposite …

They hold on to their losses way too long and watch their equity sink and sink and sink,or they leave their gains too soon just to see the rate go up and up and up. In time,their gains never cover their losses.

This concept takes time to master appropriately. Contemplate this concept and evaluate your previous stock and options trades. If you have been unrestrained,you will see its truth.

PRINCIPLE 4.

HESITATE TO LOSE CASH.

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

On this point,I have found that most unprincipled traders are more scared of missing out on “the next huge trade” than they hesitate of losing cash! The key here is ADHERE TO YOUR METHOD! When your strategy signals to do so and avoid taking trades when the conditions are not fulfilled,take stock and options trades. 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 scared to throw away your cash due to the fact that you traded needlessly and without following your stock and options strategy.

PRINCIPLE 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 big winner that you break your own finance rules and put in everything you have? Do you remember what generally happens 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 method of doing the unexpected. For that reason,constantly stick to your portfolio management system. Do not compound your expected wins due to the fact that you might wind up intensifying your really real losses.

PRINCIPLE 6.

ASSESS YOUR PSYCHOLOGICAL CAPACITY PRIOR TO INCREASING CAPITAL OUTLAY.

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

In the very same way,after you get used to trading real cash regularly,you discover it incredibly various when you increase your capital by ten fold,don’t you?

What,then,is the difference? The difference is in the psychological problem that comes with the possibility of losing a growing number of real cash. This happens when you cross from paper trading to real trading and likewise when you increase your capital after some successes.

After a while,most traders realize their optimal capacity in both dollars and emotion. Are you comfy trading as much as a couple of thousand or tens of thousands or hundreds of thousands? Know your capacity prior to dedicating the funds.

PRINCIPLE 7.

YOU ARE A NEWBIE AT EVERY TRADE.

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

All professionals appreciate their next trade and go through all the proper steps of their stock or options strategy prior to entry. Never deviate from your stock or options strategy.

PRINCIPLE 8.

YOU ARE YOUR FORMULA TO SUCCESS OR FAILURE.

Ever followed a successful stock or options strategy just to fail severely?

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

Comprehending yourself first will result in ultimate success.

PRINCIPLE 9.

CONSISTENCY.

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

Stock exchange variations have more variables than can be mathematically created. By following a tested strategy,we are assured that somebody successful has stacked the odds in our favour. When you evaluate both winning and losing trades,identify whether the management,entry,and exit fulfilled every criteria in the strategy and whether you have followed it specifically prior to altering anything.

In conclusion …

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

Show upon this concept 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 fulfilled. Do you absolutely think that your next stock or options trade is going to be such a big winner that you break your own cash management rules and put in everything you have? No matter how confident you might be when going into a trade,the stock and options market has a method of doing the unexpected. All professionals appreciate their next trade and go through all the proper steps of their stock or options strategy prior to entry.

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