Investments are risky. They don't provide fixed returns and past performance doesn't guarantee future results. All investments entail the risk of great and sudden financial loss. Returns vary and you may have a gain or loss when you sell your securities.
No assurance is given that anything described here will be successful.
I'm sure most of yall are thinking I this blog was about the stock market? Some of you maybe even thought that I was going to give a few stock market tips....Well you're all right! Investing 101...Long, Short, Out....Or Hold!
When I was in College one of my best friends used to tell me that I looked at women like the stock market. Unapologetic at the time, I disagreed, however the older I get, the more I wonder if there is some validity in her statement.
Long(Buy), Short(sell), Out, or Hold! These are the questions I ask myself each day when I trade, and furthermore I must admit that I ask this same question each time I meet a young lady(or old woman)...Yall know I have to keep it lighthearted). Now before I start I know there could be a few women out there that reads this blog and have opinions that I sound sexist. My response is...I don't screw guys so when you get a blog you can voice your own opinion. Now...Back to the regularly scheduled program. Let me explain the dynamics of what I mean with the terms Long, Short, Out, or Hold. As most of you already know, guys are attracted to physical beauty first and foremost. I am no different! The moment myself and most men meet a woman that they deem as physically attractive the "BUY" sign comes out, or UP if you know what I mean! Obviously there are other factors in these definitions I'm giving but I think most of yall understand the base of what I'm trying to say. The next Market tip is "Short." Shorting the market usually happens when you don't see things going up but starting to go down. For those that don't know you can make money when the market goes down. A short could be someone that you see as attractive but she's just now what you want. She's to wild for you, She a lil to ghetto(yup I said it), you don't trust her, the homies used to run thru her, all these factors make you want to short the market. How do you make money you ask? Well, the answer is that she's good in bed so you keep her around till the market changes.(Ladies do it too). The issue with shorting the market is that it can come up and bite you when the market turns positive. The same for life! The next definition is self Explanatory. "OUT"!! Basically nothing you see or hear is worth taking the chance on! In life terms, She could be physically attractive(most of the time she's not), but she is Crazy, just plain trouble! Hopefully you find this out sooner rather than later! The last definition I have for my daily market plan is "HOLD." Hold is exactly what you think the definition is...HOLD! However, just like the trading the market, Very Few stocks are a true long term hold where you go through all the ups and downs and market crashes and recovery's and 52 week highs and Historic lows and then after years of Holding this stock you look up at your statement and say WOW...This stock has been good to me! I can't let go. I won't let go...It continually makes me money! Some folks think they have a great stock to "Hold" and it turns out to be a dud! Why is that? Lets explore
One of the key factors in trading is EMOTIONS! Emotions will get you in trouble each and every time! Humans are habitual creatures by nature...so does the market. In other words, if you can slightly take a bit of your emotions out of thing and find our the market patters you will be on the right side of the market more times then you will be on the wrong. NOTICE I DID NOT SAY YOU WILL ALWAYS BE RIGHT! NOR did I say to completely kill your emotions! I said slightly take a bit of your emotions out of your thinking. Each day I start with the facts...What do I see, what are you doing, and what have you done. From there I can look at my trades from an open eye and know exactly when to go Long, Short, or Out. Holding rarely happens so I didn't mention that point on purpose. In reference to people...everyone has a pattern, what is it? Everyone has history, What is it? Everyone you meet you can ask the question to yourself...Long, Short, Out...or Hold...There are no guarantees of being right....You may miss an opportunity for being wrong, but the game is to be on the right side of the market more then you are on the wrong.
Oh and P.S...Chart and document all your trades. It helps you figure out what you did right and what you did wrong and what you did right.
I'll leave yall with a traders quote that we say each day. "Trade hard, Trade smart, and always end the day being able to trade tomorrow!"
