The average investor’s thinking needs to change. We need to teach ourselves to invest in the stock market using common sense, not emotion. I treat my investment activities like a business. If a trade is not working out as I had planned, I close it out and move on to the next one.
My real estate investor clients have told me that the profit is made at the purchase of a property, not on the resale. Can that be applied to the stock market? Sure, my clients do that very thing.
A change in thinking will shift your focus from hoping for a particular trades increase in value to monitoring the trade during its expected life. I say expected life because that is known prior to entering into the trade. Yes, you will have a definite exit strategy!
You need to learn to train yourself to operate your investing activities like a business, watching the trade through its life cycle. I can assure you that you will feel in control and not at the whim of the stock market.
Did you know that there are stock market investing strategies that allow you significantly more control over the outcome? I know that the stock markets most successful investors do not just hope things go their way. They simply use the tools at their disposal to give them the best chance of success.
Successful investors use strategies that tip the odds in their favor, and they have learned to treat investing as a business. What are these strategies? Well, that is beyond the scope of this article. However, in order to find the success you are looking for you can start by changing the way you think.