One would think that there is little leeway for gray-area in the world of mathematical logic; money follows a specific black and white pattern, right? Believe it or not, these rules in modern society are actually fading to the background, and bending to the will of imaginative ingenuity while blurring commonly accepted lines.
This fact applies to many styles of earning income, including the stock market, so rather than resisting change for the sake of old ways it is better to move with contemporary changes. Creative perspectives, found by thinking outside the box, can give you the leg up and get you ahead in the game. So, here is a different way of thinking about your traditional stock trading practices. Just like in the world of sports, one must take risks to get on top.
Football players make multi-millions, but every day risk both minor and serious injury just by stepping out on the field. Accordingly, those who play the stock market ‘safe’ never get massive returns. On the flip side of this is the fact that if you decide to act irrationally and take risks that are too big, then your risk of getting anything back is minimized considerably. Vital to winning a ‘game’ like the stock market is to know the rules and playing field because only someone who truly understands their craft can know what is a reasonable risk to take and what is not.
The wisest way to look at stock trade (and life in general) is that ‘luck’ is simply where preparation meets opportunity. Thus you are in control of your own luck, rather than it being an outside force over which you are powerless. Trading stocks this way requires a thought-out plan and precise execution. Click here to see how these elements will bring you success, and once you have made a solid plan engineered to cater to your individual strengths, don’t back out once you’ve begun to play the brickwork.
Even if the plan does not play out as you had anticipated, you will see more failure by trying to scrap the plan and you will likely end up in deficit (and or stressful work to replace losses). Sports are a good metaphor for the stock market because both require careful planning and deal with large amounts of financial gain or loss. One does not allow such vast amounts of currency to change hands without some kind of strategically sound foundation.
These ‘game plans’ are what create a successful and enriching experience in the stock market. Many plans can do a belly-flop, just as sports plays often do at game time. Few can circumnavigate the stock market and reign as an ‘undefeated victor’ because everyone at some point in the game will experience a loss. The important part of playing is to set yourself up to be able to bounce back.
This means when risks are taken you have already perceived how you will recoup any financial losses so that your bank account is not simply devastated beyond repair. Instead of becoming frustrated or giving up at the first sign of failure, simply start over and return to the drawing board if your game plan does not succeed.
Once you have an adequate game plan, you must also make sure you have the tools (as a team has appropriately skilled players in sports) and don’t settle for compromise. The people working out your stock market game plans should be willing and capable of doing so and must be able to work together as a solid unit. If you have a strong mind and power to plan, and you surround yourself with team members who can do the same, then the possibilities are endless.
Also, don’t be intimidated away from reaching for the stars, but be sure not to get too far ahead of yourself in your vision. Analyze any and all competitors, but expend the most focus on you and your team. Every plan should involve bettering yourself, your team, and your gains above the competition; thus knowing their practices is vital to rising above them. If you spend every day thinking of how you might better yourself then your will and visions will make those improvements a reality and there will be a steady increase in ability. Enjoy the challenge and, above all, have fun trading!