6:37 PM Greed Fear And The Cheapest Online Stock Trading |
Greed and fear are the most important players in the stock market. These two emotions are the driving force behind nearly all market participants - Institutional mangers, stockbrokers, investors, traders and yourself. Now greed steps up to the plate and says to you, this is going to be a rocket ship. Thus you buy some additional shares. Or your stock moves a few points and goes past the value that you decided to check out. Greed tells you 'This baby is going higher tomorrow', so therefore you hold on to it longer than you originally said to yourself you would. When stocks make strong moves to the upside, greed from all the cumulative market participants joins the move. Stock costs typically fall faster than they go up, and when this happens, concern currently steps up to the plate. Let's examine the instance on a roll, where your stock went through your get out value and you persevered because greed was by your side. The following morning the stock price gaps down. There is heavy selling all morning long. Greed is telling you to hold in there. The price can come back. The value keeps falling. Now you get a knot in your gut, and your knuckles are turning white. Worry is written all over your face, but by now it's to late. Your nice profit has suddenly became a loss. Everyone goes through this till they master the ugly faces of greed and fear. Master these two deceivers and you are well on your way to turning yourself into a successful stock trader. |
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