Stocks And Money Information

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Are YOU Making Money on the NET?

Winning, or Losing?

Are you forking out dollars after dollars, trying to establish a
profitable Online Business? Are you making any leeway? Are you just
throwing dollars after dollars at so many "guaranteed" offers on the net,
and still battle to make some money?

You are not alone! Thousands of us fall into these traps, and we do over
and over again. You may think it can be considered as "schooling fees".
True, up to an extent. And only if you DO learn from the exercise. How do
you change from failure to success? Where DO you start?

Does the system fail you, or do YOU fail the system?

What about having a good and honest look at YOURSELF? Do you have what it
takes? Attitude, clear cut goals, written down and checked on a daily
basis. Nothing in life is free. What are you prepared to sacrifice for
success? How much effort, labor, inconvenience, dedication, consistently
BEING at it, persisting all the way? Do you do your BEST? Or, do you do
WHATEVER IT TAKES? How strong is your DESIRE? How often is it rekindled?

There ARE a large number of people making money everyday, though. Why
should this be such an uphill to master? What is the difference in what
THEY do, and what YOU do? Are there really hidden secrets that only those
big successful guys have discovered
in their time?

If something is too easy, to cheap, it most probably is.

Let's face facts. It is not an easy task. Many people are under the
impression that with little effort, and little money, you can build
a fortune-generating-cash-machine in no time. I don't want to imply here
that you need a lot of money to be successful. What I do say, is you get
nothing for nothing, and very little for a dollar! Rather scrape those
few available dollars together and invest in a single time-tested and
success-proven venture, and give it all your attention.

Instant solutions normally mean instant losses.

The misconception of overnight success with little effort originates most
probably from many of the not-so-profitable-options that are thrown at
you daily. Many promise extraordinary wealth with little effort from your
side involved. They create this false
image of an instant nothing-you-have-to-do situation, that will make you
rich almost overnight. Many can be recognized almost immediately for the
pyramid schemes or other scams that they are, some come pretty well
disguised. They hardly ever show you a return on your money.
Get-rich-quick usually turns out to be make-someone
-else-rich-quick.

It is true, YOU CAN make lots of money on the Internet. But there are
also many pitfalls that must be avoided. The actual know-how of being
successful comes with effort, research, and massive action.
Doesn't sound like it is the preferred environment for your
"live-on-the-couch entrepreneur-millionaire", does it?

Free yourself from your self-imposed limitations, fears and dogma.

There are a number of reasons why some people are successful in what they
do, where others tend to fail. Instead of trying to put the blame on
elsewhere, why not start looking at yourself? We all need to confront our
own personal inhibitors. We acquired these over the years from childhood
to adolescence, to mature grown-ups. Some of our past experiences have
created many limitations we impose on ourselves over the years. We many
times lose our dreams on the way when we came to face the realities of
the real world.

All successful people have some things in common. They KNOW what they
want. Their "dreams" form a clear-cut vision in Technicolor in their
minds. They know exactly what to do, when, and why. How did they get to
that point? I suggest you read Napoleon Hill's
"Think and Grow Rich". It outlines many of the personal challenges
that YOU have to overcome. YOU need the correct mindset, the right
attitude first of all.

Do YOU think like a millionaire? Can YOU clearly visualize yourself in
that successful position? Then only do you THINK success, ACTION success,
and become SUCCESS. Download this e-book for free at
yieldprofit /newsletters hinkandgrowrich.zip
and INVEST TIME FIRST OF ALL IN
YOURSELF.

Next time, I am going to discuss goal setting. The correct way to do it -
taught to me by the masters. To subscribe to this series of newsletters,
send an email to newsletters@yieldprofit
and put "newsletter subscription" in the subject line. I welcome any
criticism, comments, and thoughts on this newsletter as well.

About the Author

Leon van der Linde recently retired from a successful IT carreer spanning
28 years, during which he became a Consultant IT Specialist. His main
functions were in Marketing Support and Customer Satisfaction. He has
written a number of manuals and articles. He is now actively involved
with Online Marketing, and MLM, offline and online. His website is at
yieldprofit

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There are a number of things that can interfere with a stock`s movement and force you to close your position sooner than you`d anticipated. Your stock market lesson plans should cover all of these possibilities, but here are some reasons that should always prompt you to close a position: 1. The end of a trend. All trends end some time, and you should be prepared for this. 2. The stock`s upward movement has slowed or been abruptly broken, ending its momentum. 3. The stock is approaching a major psychological barrier, perhaps reaching 100 dollars or 200 dollars a share, which should have been anticipated in your plan 4. The stock is about to reach a resistance level it has been unable to break through before. This technical barrier should also have been anticipated in your plan. 5. A sudden market wide decline, or the threat of one, or some other serious uncertainty, which leads to unsafe market conditions. Exiting a losing trade is not a big deal. Ending a position whether or not the stock reaches its target price, in accordance with your stock market lesson plans, is good trading. The best traders would rather lose a small profit than take an unnecessary risk. You don`t have to win on every trade; no one does, and it`s dangerous to try. In fact, by limiting losses, a good trader can be profitable overall, and make money on only 40 percent of his trades.

Why should you want to steal someone else`s stock market lesson plans? First, let me tell you that a trading plan is only useful if you follow it. Following your plan will make you successful, yet many traders circumvent the stock market lesson plans that they have carefully created. They become emotional invested in a trade, to the point where they ignore all warning signs. Remember, when the market corrects itself, which it always does, no position is immune, no matter how strongly your ego may be tied to it. Many investors have stock market lesson plans that watch as their portfolio values are cut in half or more, yet they will still hold their positions. They may fear being left out of a big gain, or be so deep in loss that they felt they couldn`t possibly sell at that point. But even if you believe that all positions will recover from their losses, and the truth is that not all of them will, this is a terrible way to trade. You tie up too much capital, and your rate of return plummets. Just as you shouldn`t become emotionally involved in a trade, you should also never become tied to ideas. By this I mean becoming so fond of a particular strategy or trend that you cling to it even after it has stopped working. You need to have strategies, and to have plans, but you must also be aware of the shifts and swings of the market, the beginning and the ends of trends. When you first form your plan for a trade, you should consider what price or price range you think the stock is likely to reach. This is often called a target price, which gives some traders the wrong impression. A target price is not a price that the stock has to meet. A stock does not have to do anything. If you treat your target price as a goal, it can lead to many problems. Your target price should only be used as a guideline. The target price helps you figure out your risk to reward ratio, and it gives you an exit point in your trade. At the least, it should give you a point where you`ll reassess the trade`s ability to continue to moving upward. But your trade may never reach your target price. Many market factors can interfere with its progress, and you may have set your target higher than you should have. Since there`s no way all your trades will hit your price targets, it is a good idea to sell half your position at a more conservative target. Routinely taking profits will reward you in the long run