BeaconEquity.com announces the publication of “Stock Trading: How to Overcome Your Fears.”
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
"The fear theory hasn’t been tested and retested. But will it fly? Can you bear the pain of a losing trade? Will a losing trade stir up an emotion you’d prefer not to resolve? … Professional traders will tell you that tackling the psychological aspects of trading is job No. 1! The well-known fact that successful traders, those making a living trading, book twice as many losses as winners, may help you put into proper context the expectations you may have about your trades. Fear, however, overrides logic; and the only way to overcome the illogical forces of fear is practice—doing the trade and by allowing nature to work its magic on you in the process.”
Limiting your losses by way of money management is a key to successful trading :
“Some of the greatest traders of all time simultaneously take a long or short position and a stop loss and a profit goal on each trade. Turn the exercise into a mechanical trade, leaving out the emotions that can only hurt you. And while the trade is on, repeat to yourself (or write it down on a ‘sticky’ and stick it on your computer screen) that two of three trades will be losers. The professional trader understands that one of the keys to successful trading is money management—limiting your losses so that profits from your winners don’t need to be multi-bagger ‘Hail Mary’ passes to make you an overall profit. Limiting your losses is as important as booking winners.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com