subject: Can You Make Money In The Stock Market - Can You Make Money Playing the Stock Market? [print this page] Can You Make Money In The Stock Market Can You Make Money In The Stock Market
Many of us who trade financial instruments go through a phase where we want to make a killing by 'playing the stock market'. It sounds like a lot fun, right? Tapping a few keys on your computer keyboard, then a few minutes or days later closing the trade with a huge win on your hands - no work, no sweat, and (be honest!) the adoration or envy of family and friends. Do that enough, and you might as well have won the LOTTERY.
Which, of course, is the problem with that vision of stock market success: a gambling mentality. From this perspective, winning an extra-ordinary amount of money with little more effort than going to your local gas station and buying a Powerball ticket is taken as a serious goal. It's a ton of fun if things work out that way, but gambling (either with the lotto or the stock market) always stacks the odds against the player. That's you.
The truth (usually learned through repeated, painful beatings by the market) is that you can NOT reliably make a ton of money playing the stock market, any more than you will generally make a ton of money playing Blackjack. That's the bad news. Can You Make Money In The Stock Market
The good news is that you CAN make significant money by working the stock market. Money is made every day by people just like you and me; people who know how the market works, respect the stock market's ability to squish any single player like a gnat, and run their trading operation like the business it is. You can do it, too.
What do you need to work the stock market like a business? In broad strokes, you need a firm business plan. You need to know:
what you will be trading,
when you will be trading it,
how much you will risk on each trade,
who you will be trading through,
a specific trading system (or systems), and more.
Initially, this can sound like quite the downer; there are a whole lot of boring decisions to make. But once you've got all those nailed down, you can just follow your plan - and presumably make some good, reliable money. Can You Make Money In The Stock Market
Can You Make Money In The Stock Market - Can You Make Money Playing the Stock Market?
