Monthly Archives: April 2020

10 Golden Rules Of Investing

Rule 1: Bulls, Bears Make Money, Pigs Get Slaughtered

You must know that as a trader you must not become greed. Profit is profit. Investors and traders need to know when to buy and sell and make money from the stock market. Failure to do this, could result in a massive losses or consistent mistakes which would be catastrophic to your account.

Rule 2: It Is Good To Pay Taxes

Never be afraid from paying your taxes and start fearing the loss. You need to take care of business, each month, and as you become more successful and bring in more profits what is your next set of plans.

Rule 3: Don’t Buy All At Once

Legendary investors such as Warren Buffet said that “Do not put all eggs in one basket”. This is probably some of the smartest advice we have ever seen.

Rule 4: Buy Broken Stocks, Never Buy Broken Companies

When you are trading, realise you are never ever going to get a refund, or hand-me-backs, so be sure to make your own research count and buy undervalued stocks, not the broken companies.

Rule 5: Ensure you Diversify Your Portfolio & Manage Risk

Of all the golden rules this is the most important. When you are investing for the long haul, and want to become successful. You are going to have to assess your trading account, and diversification of your stock portfolio so that you can control the risk and manage your profits each month.

Rule 6: Be sure to do Your Stock Homework

Make sure, that before you purchase any stock, be sure that you already have done your due diligence, and researched that particular stock. Investors who are just jumping into stocks blindfolded are begging to lose money left, and right. This is called, crybaby investing. Which means, they invest today, without any research today, and cry tomorrow, when they witness huge losses. You have no one to blame but yourself. Spend a few hours investing a company, or ask your stock broker to do it for you. It can pay you more than dividends if you do this. People that put $100 on Bitcoin a few years ago, have been made into millionaires.

Rule 7: Never panic!

Be sure to control your emotion when you are trading. Never panic, or get emotional. Those sorts of traders always end up on the scrap heap. So be sure to meditate each day, make informed decisions and not only will you have sound mind, but you will enjoy your trading much more.

Rule 8: Blue-Chip Companies are great. Stick with the leaders.

Warren Buffett once said, �smart investors always go with the leaders and not the laggards�. All this means, is that you should buy the giant companies because it gives you a peace of mind when you do investing. Buying penny stocks or new stocks on the market, thinking you will become a millionaire in a week, is very bad thinking. Larger companies are less prone to drops, crashes, and everything in between. Sometimes small companies will be halted for months or years before you can get access to your money again.

Rule 9: Defend some of your Stocks.

When you are trading a stock, pick your best and favorite stock and focus on that stock. Once you become familiar with how a stock trades in the morning or afternoon, or a certain time of the month, this is like having an ATM Machine in your pocket. Some of the smartest traders in the world will use this strategy and know it works. It’s a great way to bring in guaranteed income 24 hours a day.

Rule 10: Never Trade for the sake of making a Trade.

The last rule is simple. Never make a trade just because you have no positions on the market. That could be dangerous and put your account at risk. Some of the smartest investors say that sometimes you have to sit on your hands, and wait for that perfect opportunity. This is so true. It might sound silly, but sometimes the best trade you make is sitting on the sidelines not investing. You will always see that sad, and upset trader who feels they have to be in the market every day. That is the sad reality and the mentality of traders who always lose. To be a good trader you have to learn patience and self-control.

3 Rules For Successful Trading

Rule #1 Become A Student Of The Markets

Constantly educating yourself on how the markets work is a key step in becoming a good trader. The best traders are students first. They understand the importance of knowledge. The market is an extremely dynamic and volatile environment. Things can change from one second to the next. The more you understand about the past and current markets, the better off you will be when it’s time to make a trade.

Every day you should take time to research and study the markets. Doing so will give you a significant competitive advantage.

Rule #2 Always Follow A Trading Plan

A trading plan is basically a set of rules you will follow when making trades. Your trading plan should clearly state your entry, exit and money management guidelines. Though writing out a trading plan can be very time consuming, it is by far one of the most important things you can ever do. Especially if you are serious about becoming a better trader.

Thanks to today’s technology, you can quickly and easily test your trading plan without risking any money. Once you have tested your plan and it shows good results, then and only then should you use it in real trading.

Rule #3 Approach Trading As A Real Business

You will never become a good trader if you treat it like a hobby. Hobbies are for fun. When you treat something as a hobby there is no real commitment. It’s something you only do when you feel like doing it. Trading on the other hand is something that requires a real commitment. When you trade you incur expenses just like you would if you were running a business. You will have to pay taxes, you will lose money, and you will be forced to deal with a lot of uncertainty.

That’s why it is vital you approach it with a business mindset. You must be willing to do research and come up with strategies to maximize your earning potential.

And there you have it, 3 rules for successful trading. Follow these 3 rules and you will increase your odds of becoming a great trader.

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Health Insurance for Every Need

In the United States, there are about five different types of health insurance available: traditional health insurance; preferred provider organizations or PPOs; point-of-service plans or POS; health management organizations or HMOs; and most recently, health savings accounts or HSAs. With so many types of health insurance, it may be confusing trying to figure out which one best fits your needs, so thoroughly research each and speak with a professional if you need clarification.

Traditional health insurance is the one that most people think of when they think of health insurance. You pay the insurance company a premium every month, and if you have an accident or need for health coverage, you have a deductible amount you must pay and then the insurance company picks up the rest of the bill. You often have an inexpensive office and/or prescription co-pay with traditional health insurance.

With people living longer, health insurance companies began to look for more ways to reduce their costs, developing different health plans such as PPOs. PPOs are plans which will cover nearly all of your medical expenses as long as you stay within a preferred network of physicians or hospitals. This network creates a “preferred provider” list that you can choose from. Treatment outside this network of providers is covered but only at a reduced rate, meaning you end up paying more to see a physician outside the network. By limiting the physicians and hospitals covered in their network, the insurance company can control, to an extent, their costs and lower your premiums. POS plans work like PPOs, but require you to have a primary care physician through whom you can receive referrals for specialists. If you need to see a neurologist or a dermatologist, you must first visit your primary care physician for an initial diagnosis in order to receive a referral to a specialist for a more thorough diagnosis. POS plans also have a preferred provider network, and if you choose to visit a specialist or physician outside that network, your coverage will be limited.

HMOs combine a stricter version of PPOs and POS plans. HMOs have a defined list of physicians, often much smaller than PPO networks, which you may see. You will not be covered at all if you see a physician outside your HMO network. Furthermore, you must also get a referral from your primary care HMO physician to see any specialist. However, these restrictions mean that you pay an extra low or no monthly premium.

HSAs were recently signed into law by President Bush. You can deposit money into a special non-taxed, interest-gaining savings account that must be used for medical expenses. The ideal situation for an HSA is to combine the account with a low-cost, high-deductible insurance plan. The savings account is designed to allow you to cover the high deductible if you find the need to cover expensive medical costs while the insurance company will pick up the rest of the bill.

Again, it is important to carefully consider each option before choosing a single health insurance plan. Your health is important-make sure it is protected in the best way possible.

Trading Strategies To Earn Profits

Forex market is an important place to invest and gain lots of profits during trade. It has become a favorite place for money minded people to create investment and earn a steady income. Though, it is really easy to join forex trading but need lots of strategies and plan to succeed. Knowledge about the market in advance is essential to achieve success. Principles of trading need to be learned by traders before joining in the profession quickly. Both risk and reward of the trade need to be analyzed first before investing in the trade. In this way, traders can invest in right area and achieve success in forex market. But, it is never possible without getting help from brokers. Expert brokers are real asset for traders willing to achieve success in trading quickly. This is because traders can get guidance and suggestion in making good investment in trading to earn profits. Let us look at top strategies essential to achieve success in trading.
Forex is the largest trading platform for traders with over 3 trillion dollar of trade are exchanged on trade everyday globally. Seasoned to new traders compete in same platform in different trades to earn profits. But, traders with best strategies win and achieve success in forex market quickly. This is why aspirants need to follow special strategies that are useful to earn profits. Online forex trader needs to acquire skills of trading successfully in competitive market. Good strategies, planning, and waiting for favorable time help traders to win constantly in the trading. Investment in random field without taking measures and analysis of market condition will lead to loss of money. This is why traders need special planning and strategies that are useful in achieving success quickly. Otherwise, it would be simply waste of money and time without getting desired result in trading.
Brokers are real asset for traders looking to trade successfully in forex market. Brokers keep information about trading and forex market in detail to help novice trader quickly. It won’t be wrong to say that success of traders in forex depends upon strategies and guidance from brokers. This is why expert brokers need to be hired by traders to succeed quickly. Online forex brokers are really helpful in guiding traders to achieve success. As brokers monitor market condition and practice best trading principles, traders are bound to get profits. This is why traders need to hire expert brokers with knowledge about market and trading principles to achieve success.
Traders can invest money in different trading option to get steady income. But, it is essential for traders to choose trading option in which one is expert and know market better. Investment in wrong trading option will lead to loss of money without getting desired result. Trade precious metals online is an ideal option for traders to earn profits as metal has higher liquidity than other option. But, it is essential for traders to look at market condition before investing in trade. Monitoring of market condition will help traders to invest in right areas under guidance of qualified traders. Take help of our expert traders to help in investing in right area to achieve success in forex trading quickly.