Sunday, July 18, 2010

How To Invest In Your Own Stock Market Training Routine

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Whenever I start something new, there's always a rush of excitement and it's easy to soak up a lot of information. In the case of this site, I want to read as much as I can, invest in all of the stock market trading training courses I can find. It's easy to not only get distracted but waste a lot of money in the process. It's often to easy to remain in the research phase whenever you learn anything new so that you won't make mistakes. We do this also because we don't want to waste time.

But are we applying what we learn? And are we really learning?

I think the answer to this is obvious. There's a difference between book learning and real experience. And it's these real mistakes that determine your succces not just in the market but in any endeavor you set out to accomplish.

The first problem I've noticed is that there are way too many choices. In the market alone, you can make money through:


  • Buying stocks low and selling them higher (going long)

  • Buying stocks high and selling them lower (short selling)

  • Buying penny stocks

  • Buying and selling stock options

  • Investing in mutual funds

  • Investing in indexes

  • Investing Exchange Traded Funds

  • Things like Forex Ultimate System

The list goes on and on. Because there is so much choice, it's hard to narrow down our focus.

Therefore your first task as an investor is to PICK AN INVESTING STYLE and stick with it.

Do your research. Decide whether you are going to be a value investor, growth investor or whatever niche you want to master and then don't look back. Of course, you might need to invest in a stock market training course to shore up your knowledge in the area you want to master.

At some point though, buying courses and tools will only take you so far. At that point, you've only invested money in training and you've yet to make any money in the market. I can tell you how to recognize when it's time to actually do instead of read about it anymore. It's when you get some online stock market ebook that tells you how you are going to make your millions in the market and when you read it, you don't learn anything. It's when you buy yet another book and you say to yourself what a waste of money that was.

It's then that you MUST take action and start putting real money in the market. Making mistakes with real money is the best teacher. So once, you've reached this point what do you do?

Developing Your Own Stock Market Training Routine


I compare what I'm about to lay out to going to the gym. I know that I've got a program I follow. So many reps of this exercise with so much weight. You know the drill. Well, you've got to do the same thing with your investing routine.

You've got to:

  • Set up a daily routine checklist

  • Set up a weekly investing checklist

  • Set up a routine to screen for stocks

  • Set up a stock buying checklist

  • Set up a stock selling checklist

  • Set up a review process

Break down every step of the process to the finest detail. As you do this on a daily and weekly basis, you'll find that you will start refining these checklist and changing the order of things. You'll start to stop thinking about the process and start thinking about how to learn from your mistakes.

And by combining the two things I mentioned above, real world experience plus the goal of mastering every step, you'll see your stock market investing confidence and results exceed what you thought was possible when you first started

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