Why people spend all day watching the market. Some of them are commission brokers and that is part of their job. But for some I think it is an obsession, thinking that they will somehow get lucky and figure out something . . . . what I am not totally sure. Wether your a daytrader, trader, long term investor you need to develop your own style. Set up rules to what, when and where you will trade. Try to stay away form all other noise as much as possible, you know who I am talking about. Seems like some days everyone on TVs-MSNBC tells you what he or she did yesterday, but no one tells you what to do tomorrow. There are many Monday morning quarterbacks, all make a living in everything BUT investing. BE your own advisor and get the facts.
Here is the way I see it. You know how to drive a car, right. Well now you want to drive professionally, high speed and the danger increases. How do you handle the rain going 100 MPH or what about driving at night, going around hairpin turns or maybe the unexpected lights on you dashboard start to blink. What do you do? If you’re a professional driver you have had many hours of classroom and simulated training in all the above example. We all drive daily to and from work, to the store and where ever we go, but we wouldn't think of going on a racetrack so why do we think that we can be a successful trader? Have you given it any thought?
Because Jim Cramer says so! Haha, no but seriously the access average Joe's like me have to information and discount brokers plus guys like Cramer supporting the movement makes it seem possible. Of course there is still a great deal of attention and hard work that needs to be paid to it for success...as Cramer suggests...but the opportunity is bigger than ever.
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