==== ==== Please check out Trading Pro Edge System for great tips on Stock Trading for Profit. www.tradingproedgesystem.com ==== ====
If you are relying on money managers who gamble your hard earned money in mutual funds, then here's a fact you must not ignore... Money managers for mutual funds lose your money a lot more than they will make you any money. We are trained to trust them with their dollar cost averaging concepts deducted from our paychecks weekly, so that over the long term we will be financially safe. That could not be any further from the truth. I just don't trust that system anymore. I think the world has changed for good, never to return to the way it was. I guess we just have to realize how it is today and adjust. In my opinion, instead of deducting money from your paycheck to throw at some mutual fund investment program that will ultimately lose a lot of your money, why not put that same money into your own trading account where your chances of turning profits over the long haul are much greater? Now, in essence, you are firing your money manager and hiring yourself. Your goal as a trader is to make profits and protect your assets. Money managers have lost their jobs because of under performing portfolios over extended periods of time. Stocks that they thought would go up didn't, in fact they went down. And what's scary is that these fund managers are the "so called" professionals. Nothing happens to them if they're wrong so they only care up to a certain point, then they say... "Oh well, lost on that one." You are a lot better off taking your chances on following a trading strategy that you are comfortable with on your own trading than leaving it to some money careless new hot-shot that takes unnecessary risks with your money. If you follow a proven system that has been back tested, then your chances of having winning trades are much greater than if you let the "professionals" manage your money. The tricky part is finding that proven system that you can feel comfortable trading with. More on that in a minute...
So, let's think about it for a moment. If you follow a system that has a 75% accurate rate combined with a good money management system then you will out perform most of the mutual funds in today's volatile conditions. Pretty impressive, right? Wouldn't you agree how fascinating it is that the average Joe can outperform most of the overpaid money manager professionals? You can take control of our own finances and manage our own money without being glued to a computer screen with the trading strategy you will discover at the end of this article. Next, the challenges arise when you actually begin to trade. The emotions begin to kick in and you start to second guess yourself. That is where most traders fail and that is where I failed more than once. It is not easy to do. That is why you must test your trading strategies. Did you know that it takes about 250 times of repeating a task to get good at it? What that means is you must test and practice paper trading daily before you risk any real money at trading. Practice does make you better equipped to deal with the ups and downs of this business. So make yourself a promise to FIRE your money manager, if you haven't yet, and find a proven stock trading system you feel comfortable enough to follow until you get good at trading on your own. There's a link to the trading system I follow below, and I think you'll like what you see. Make sure you check it out.
If you fail to plan, you are planning to fail. Don't make another move until you find a proven stock trading system to follow. With my system you can make money from the stock market, even during a recession and no matter how bad the economy gets. Become a stock trading pro today by going to http://StockTradingProSite.com
Article Source: http://EzineArticles.com/?expert=JP_Hools
==== ==== Please check out Trading Pro Edge System for great tips on Stock Trading for Profit.
www.tradingproedgesystem.com ==== ====
Published on Jun 5, 2012
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