Financial Master Wendy Kirkland Releases “Smart Paycheck”– A Proven,High-Return Technique to Investing Throughout the “New Normal”

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

I have seen paupers end up being millionaires over night …

And

I have seen millionaires end up being paupers over night …

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

” When,there were 2 Wall Street stock market multi-millionaires. Both were very successful and chose to share their insights with others by selling their stock market forecasts in newsletters. Each charged US$ 10,000 for their opinions. One trader was so curious to understand their views that he spent all of his $20,000 cost savings to buy both their opinions. His buddies were naturally thrilled about what the two masters had to say about the stock market’s direction. He was fuming mad when they asked their buddy. Confused,they asked their buddy about his anger. He said,’One said BULLISH and the other said BEARISH!'”. Financial Guru Wendy Kirkland Reveals Smart PaycheckA Proven

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 opinions of future market direction and still profit. The differences lay in the stock picking or options technique and in the mental attitude and discipline one uses in carrying out that technique.

I share here the standard stock and option trading concepts I follow. By holding these concepts securely in your mind,they will guide you regularly to profitability. These concepts will assist you reduce your danger and enable you to evaluate both what you are doing right and what you may be doing wrong.

You may have checked out concepts similar to these prior to. Since they work,I and others use them. And if you memorize and show on these concepts,your mind can use them to guide you in your stock and options trading.

CONCEPT 1.

SIMPLICITY IS MASTERY.

It is probably not the best when you feel that the stock and options trading method that you are following is too complicated even for easy understanding.

In all aspects of successful stock and options trading,the simplest approaches frequently emerge triumphant. In the heat of a trade,it is easy for our brains to end up being mentally strained. We can not keep up with the action if we have a complex technique. Simpler is better.

CONCEPT 2.

NO ONE IS GOAL ENOUGH.

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

No trader can be definitely unbiased,especially when market action is uncommon or wildly irregular. Just like the perfect storm can still shake the nerves of the most experienced sailors,the perfect stock market storm can still unnerve and sink a trader very rapidly. For that reason,one should strive to automate as many vital aspects of your technique as possible,especially your profit-taking and stop-loss points.

CONCEPT 3.

HANG ON TO YOUR GAINS AND CUT YOUR LOSSES.

This is the most essential concept.

Many stock and options traders do the opposite …

They hold on to their losses way too long and enjoy their equity sink and sink and sink,or they get out of their gains prematurely just to see the price go up and up and up. Gradually,their gains never ever cover their losses.

This concept takes some time to master correctly. Reflect upon this concept and evaluate your previous stock and options trades. If you have been undisciplined,you will see its truth.

CONCEPT 4.

HESITATE TO LOSE CASH.

Are you like many novices who can’t wait to leap right into the stock and options market with your cash wishing to trade as soon as possible?

On this point,I have found that many unprincipled traders are more afraid of missing out on “the next big trade” than they are afraid of losing cash! The secret here is ADHERE TO YOUR METHOD! When your technique signals to do so and avoid taking trades when the conditions are not fulfilled,take stock and options trades. Exit trades when your technique says to do so and leave them alone when the exit conditions are not in place.

The point here is to be afraid to get rid of your cash because you traded needlessly and without following your stock and options technique.

CONCEPT 5.

YOUR NEXT TRADE COULD BE A LOSING TRADE.

Do you definitely think that your next stock or options trade is going to be such a huge winner that you break your own money management rules and put in everything you have? Do you remember what normally occurs after that? It isn’t quite,is it?

No matter how confident you may be when entering a trade,the stock and options market has a way of doing the unanticipated. Constantly stick to your portfolio management system. Since you may end up intensifying your very genuine losses,do not compound your expected wins.

CONCEPT 6.

DETERMINE YOUR PSYCHOLOGICAL CAPABILITY PRIOR TO INCREASING CAPITAL OUTLAY.

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

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

What,then,is the difference? The difference remains in the psychological problem that features the possibility of losing increasingly more genuine cash. When you cross from paper trading to genuine trading and likewise when you increase your capital after some successes,this occurs.

After a while,many traders understand their maximum capacity in both dollars and feeling. Are you comfy trading approximately a couple of thousand or 10s of thousands or hundreds of thousands? Know your capacity prior to devoting the funds.

CONCEPT 7.

YOU ARE A NOVICE AT EVERY TRADE.

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

Overconfidence and the incorrect sense of invincibility based on previous wins is a dish for disaster. All specialists respect their next trade and go through all the appropriate actions of their stock or options technique prior to entry. Treat every trade as the first trade you have ever made in your life. Never ever deviate from your stock or options technique. Never ever.

CONCEPT 8.

YOU ARE YOUR FORMULA TO SUCCESS OR FAILURE.

Ever followed a successful stock or options technique just to stop working badly?

You are the one who determines whether a technique prospers or fails. Your character and your discipline make or break the technique that you use not vice versa. Like Robert Kiyosaki says,”The financier is the liability or the possession,not the investment.”.

Comprehending yourself first will cause ultimate success.

CONCEPT 9.

CONSISTENCY.

Have you ever changed your mind about how to execute a technique? You end up capturing absolutely nothing but the wind when you make changes day after day.

Stock exchange fluctuations have more variables than can be mathematically developed. By following a proven technique,we are guaranteed that someone successful has stacked the odds in our favour. When you evaluate both winning and losing trades,figure out whether the exit,entry,and management fulfilled every criteria in the technique and whether you have followed it specifically prior to changing anything.

In conclusion …

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

Show upon this concept and evaluate your previous stock and options trades. Take stock and options trades when your technique signals to do so and avoid taking trades when the conditions are not fulfilled. Do you definitely think that your next stock or options trade is going to be such a huge winner that you break your own cash management rules and put in everything you have? No matter how confident you may be when entering a trade,the stock and options market has a way of doing the unanticipated. All specialists respect their next trade and go through all the appropriate actions of their stock or options technique prior to entry.