Mental Calisthenics for Better Stock Investing – Tuesday Treadmill
Source: http://Blog.QualityStocks.net/?p=11433Posted on Tuesday, July 29th, 2008 | In Market Commentary, OTCBB Markets, Small & Micro Cap, Stocks to Watch
The brain needs regular exercise as much as our muscles. Emotions, like fat, have their places, but excessive amounts are unattractive and harmful. Humans, rather than robots, have to make decisions to buy and sell stocks. How can you keep feelings in check?
Try to act neutral in the faces of losses and gains. Shun exuberance when a stock market index rises unexpectedly. Do not allow nervousness to cloud your mind when the stock exchange checks in with bad news day-after-day. Beware of media deadweight that flutters around to stay afloat in your mind.
Practice looking ahead. Think of the next step in a sequence of causes and effects. Search for primary and factual information that can help you estimate where each of your stocks is headed.
Look beyond the obvious. Do not accept packaged opinions or forecasts. Be as skeptical as a great gym coach. Use questions to dig for real roots. Remain alert at all times for evasive and incomplete answers.
A philosophy of custody will give your ruthlessness a veneer of humility. Question your financial planning associates with courtesy but without mercy. Let your heart rule your head in love, but not your stock trades.
A makeover takes time. Practice mental calisthenics for a few minutes before each trading bell, so that it does not toll at the cost of your net worth. Wind down at the end of great trading sessions without blowing away your gains.
Let us hear your thoughts below:
Last 5 posts by QualityStocks
- Lion Energy, Southern Star Energy (SSEY.OB), Gold Star Resources Fuse to Create Combined Company with Promising Growth Opportunities - November 6th, 2009
- VIASPACE, Inc. (VSPC.OB) Subsidiary Ionfinity Captivates Mass Spectrometry Market - November 6th, 2009
- Google’s Android Takes a Bite Out of Apple - November 6th, 2009
- Continucare Corp. (CNU) First Quarter Fiscal Year 2010 Results Show 116% Increase in Operating Profit - November 6th, 2009
- Muscle Flex, Inc. (MFLI.PK) Now Accepting Orders for the Beagle StepFit, the BUDDY Tablet Caddy and “Danny Alex Commercial Blue” T-Shirts - November 6th, 2009
 About QualityStocks (http://QualityStocks.net)
Our name, QualityStocks, emphasizes our commitment to connect subscribers with companies that have huge potential to succeed in the short and long-term future. We believe strong management and vision for the future are crucial for any company to be successful. Timing is everything and we help investors succeed by providing an objective, broad-based view of the SmallCap markets on a daily basis. Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.