What is a "Nemis Stock " ?
Do you have a nemesis stock? Don't laugh, just about every good trader/investor I know has one particular stock/index/commodity or what have you that just drives him or her nuts. I'm sure you do too.
Just about every time you try and trade it, the stock tosses it right back in my face and you're lucky to get out even. More times than not you take a small loss and then wonder "what was that all about??"
We don't have the scientific proof that tells us what that's all about. We don't have any deep insights for you on the topic. We just know that it happens and it's a real phenomenon.
The best thing to do when you come across a stock or ETF that just constantly confounds you is to ignore it. Don't play with it. Don't get your pride all up in a huff and demand to yourself that you defeat this thing, it will eat you alive. There are ten thousand publicly traded companies out there, why on earth would you constantly go to the one that gives you fits?
More times than not it's a pride thing. We can't accept being defeated. Some of us try and hone our skills by trading the biggest challenge to us. But in all honesty we've done both of these things, letting our pride get in the way, and trying to challenge our own skills. We've lost on most accounts.
If you have a particular nemesis, avoid it. If you are constantly wrong about the direction of say the techs, then don't trade them. If you can never get a handle on oil, avoid it. There are too many places where you can consistently get the trends right, and following something that you know and are good at is many times more enjoyable than kicking your chair and throwing things at your monitor. Don't laugh, you've done it, we all have! Avoid the headaches, focus on the stuff that works for you. It's a whole lot less stressful.
See How To Make $60,000 A Year Trading Stocks Under $10
http://lb.bcentral.com/ex/manage/subscriberprefs?customerid=12826
Related Articles:
The Three Factor Model of the Stock Market: The Fama-French Three Factor model - Information about the stock market and stocks are everywhere. Unfortunately, it isn’t really easy for the average person to understand. It is best to have a professional handle your stocks if you are going to seriously get involved in buying, trading and selling, but it is also important that you have some basic k ...
What is a "Nemis Stock " ? - Do you have a nemesis stock? Don't laugh, just about every good trader/investor I know has one particular stock/index/commodity or what have you that just drives him or her nuts. I'm sure you do too. Just about every time you try and trade it, the stock tosses it right back in my face and you're lucky to get ...
Why Men Need Body-Stockings - 1. You can tell if a Stock is cheap or expensive by the Price to Earnings Ratio. False: PE ratios are easy to calculate, that is why they are listed in newspapers etc. But you cannot compare PE’s on companies from different industries, as the variables those companies and industries have are different. Even ...
Stock Market Myths - 1. You can tell if a Stock is cheap or expensive by the Price to Earnings Ratio. False: PE ratios are easy to calculate, that is why they are listed in newspapers etc. But you cannot compare PE’s on companies from different industries, as the variables those companies and industries have are different. Even ...
Stock Rotation - Whether the market is exploding higher, diving or just treading water, traders tend to be nervous about the action in the next day, week or month. A bit of anxiety comes with the territory. One indication that the market is getting into nervous territory is the tendency for traders to jump in and out of high ...
Stock Brokerage Firms - Stock brokers play a crucial role in trading of shares at exchanges. Not only can they themselves buy and sell shares on a day-to-day basis; they are also allowed to let others use their accounts for undertaking similar transactions. This facility provided by stock brokers is used by both sub-brokers and small inv ...
Stocks Or Foreign Exchange - Which One? - So my friend and I are somewhat into car audio/visual (it's a lot of fun) and decided to change out my stock Ford radio for an aftermarket one. We didn't really know what we were getting ourselves into until we got out the old deck. The 'ol junker (well not really a junker, since it's an EATC temperature con ...
For a Complete list of Articles with summaries Click Here
© Copyright. All rights Reserved. QualityBooks.com | Sitemap